|VTech (SEHK: 0303) signed contract to implement IFS ERP software.|
(11 April 2006, Hong Kong)
Vtech Electronics Ltd (SEHK: 0303) has signed contract to implement IFS ERP software. The solution provided includes IFS Manufacturing, IFS Distribution, IFS Engineering, IFS eBusiness, Quality Management and Document Management. The solution will be integrated to the existing Oracle Financials system using IFS/Oracle Interface.
ECL will team up with IFS Asia Pacific and IFS Greater China in such implementation.
VTech's sales turnover reached US$915.2 million in 2004. The Group's high frequency cordless phones enjoy dominant market share in the United States while VTech brand electronic learning products are a prominent label in the US and European markets. With a corporate culture rooted in "Innovation & Technology", the Group invested around 4.4% of revenue in R&D. Its customer-centric approach has cemented close relationships with leading retailers and built brand loyalty among consumers of all ages.
With headquarters in the Hong Kong Special Administrative Region and state-of-the-art manufacturing facilities in mainland China, VTech currently has a presence in 10 countries and approximately 13,500 employees, including around 720 R&D professionals in R&D centers in Canada, Hong Kong SAR and Mainland China. This network allows VTech to stay abreast of the latest technology and market trends throughout the world.
Shares of VTech Holdings Limited are listed on both the Hong Kong and London stock exchanges (SEHK:0303; London SE:VTH). Ordinary shares are also available in the form of American Depository Receipts (ADRs) through the Bank of New York (ADR:VTKHY).
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