One Network Announces Record Performance in 2005; Innovative Technology Fuels 300% Revenue Growth
DALLAS, Feb. 21 - One Network Enterprises, the pioneer of innovative solutions for Business Process Networks, announced record financial, customer and network growth for fiscal 2005. For the year, the key highlights include:
o Corporate revenue increased by more than 300%
o The customer base increased by more than 200% and now exceeds 1100 companies
o Network transaction volume increased by more than 300% as the company has contracts to move over $100 billion of goods across its global network
o New markets were opened in Europe with the addition of two large customers, the US government with key projects in the Department of Defense and the addition of Mobile Computing/RFID business unit
"By every measure, 2005 was a great year for us and we expect similar performance in 2006," said John Keenan, CEO of One Network. "The vision of the company has always been to deliver next-generation technology to solve the critical challenge of managing multi-company, operational processes. The depth of our solution coupled with the broad acceptance we've seen in the market show that we've converted the vision into reality."
As companies outsource more business functions and expand partnerships, they face a significant challenge managing operational processes that span well beyond their internal organization and information technology systems. One Network solves this problem with an innovative, process-driven architecture, combined with a powerful, scalable global network that unites all organizations into a single trading community, a concept the company terms "Business Process Networks."
The company introduced its first Business Process Network to managing logistics and replenishment functions for large retail, consumer product and transportation companies. More than 1,100 companies utilize the company's network to move goods from the supplier to distribution centers to the retail stores. One Network expects 2006 to be another year of record growth for its customer base and network transaction volume and is continuing to aggressively add staff at its Dallas, Texas headquarters.
"Business Process Networks take the concept of software-as-a-service to a new level. By focusing on transaction-intensive processes, extending common business processes across multiple companies and leveraging shared connections, we are able to accelerate the adoption cycles and significantly lower operating costs," added John Keenan.
About The One Network Enterprises, Inc.
One Network is the pioneer of next generation solutions for dynamic supply networks. The company delivers advanced, process-centric software architecture, robust supply network process templates and leading-edge mobile/RFID devices. The solution is delivered via an on-demand network, transforming slow moving, linear supply chains into responsive, adaptive supply networks. One Network is headquartered in Dallas, Texas and has offices in the United States and Europe. For more information, please call +1 972-385-8630 or visit www.onenetwork.com/ .
Source: One Network Enterprises, Inc.
CONTACT: Kenny Smith of One Network Enterprises, Inc., +1-972-455-3515, or ksmith@onenetwork.com
Web site: www.onenetwork.com/
