|VTech outsources ongoing support services to ECL for the Oracle r11i ERP system|
(6 December 2004, Hong Kong)
VTech's Oracle r11i ERP system has gone live worldwide since 2004 summer. In this ERP project, Vtech has implemented the Engineering, Manufacturing, Distribution, CRM and Financials modules at sites in China, Hong Kong and United States.
Starting November 2004, ECL has been invited to provide onsite user support, customization and Oracle ERP process tuning services to VTech.
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: 303; 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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