The company, which provides supply chain management (SCM) as well as revenue and pricing optimization solutions for enterprises, said it plans to boost its recruitment, infrastructure and marketing, among others.
At a press briefing today, Manugistics president Richard Bergmann said that most of the hirings will be for engineers and consultants in Singapore.
To date, the company has more than 100 employees in Singapore, Taiwan, Japan, Australia and New Zealand. Bergmann said this number will double with its investments.
In return, he expects the region to contribute about 10 percent to 15 percent of the company's global revenues for the fiscal year ending February 2002. Global revenues are expected to hit US$450 million, he said.
Last fiscal year, the region contributed a similar percentage to its worldwide sales of US$268 million.
"Despite the economic downturn, SCM software is still a business need. Companies that are in cost-cutting moves and have operational constraints need our tools more than ever," replied Bergmann to queries on why he was still optimistic about the business.
The company claims it currently has over 60 customers in Asia Pacific including Hewlett-Packard, Port of Singapore Authority, GlaxoSmithKline, Ford, United Parcel Service, Swissair and Fairchild Semiconductor.
Worldwide, Manugistics boasts over 1,100 clients including 3Com, Cisco Systems, IBM, Alcatel, France Telecom, Fujitsu, Ericsson, Sony, Exide Technologies and Exxon Mobil.
Manugistics identified i2 Technologies as its chief competitor. However, what sets the former apart from its rival is its software for revenue and pricing optimization, or Enterprise Profit Optimization (EPO), said Manugistics managing director (Southeast Asia) Jan-Martin Witbreuk.
The Rockville-based firm claims that its EPO offerings help companies lower operating costs and increase profitability by optimizing the supply chain--from design and procurement to pricing and delivery.
Manugistics was last traded at US$37.15, up US$3.95.
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