SKULLCANDY ANNOUNCES PLANNED IMPLEMENTATION OF SAP® BUSINESS BYDESIGNTM
TO COMPLEMENT ACCELERATED COMPANY GROWTH
September implementation to increase back-end capabilities and customer satisfaction
(Park City, UT – July 1, 2008) - Skullcandy, a developer of core audio products, is announcing its plans for implementation of SAP(R) Business ByDesign(TM), the leading integrated on-demand solution for rapidly growing midsize companies, to support its escalating growth. Skullcandy will begin implementation immediately and plans to go-live within a few months.
“SAP Business ByDesign offers Skullcandy a platform for building our business rapidly in an environment that supports good business processes, is scalable to support our growth, and can be implemented quickly,” stated Scot Carlson, Vice President of Finance for Skullcandy. “The hosted model is advantageous given our small size and mobile workforce. Additionally, the required investment in IT infrastructure is modest, allowing us to more effectively deploy our capital to support the business growth.”
After expanding beyond the company’s existing system capabilities, including solutions from QuickBooks, Skullcandy chose to implement SAP Business ByDesign in the fall of 2008 with the goal of installing an end-to-end, integrated system to ensure scalability and complete visibility into all lines of business development.
Impressed by the depth of the SAP software, Skullcandy expects the implementation to decrease order fulfillment time, while increasing overall responsiveness to its customers’ demands. Once live, the implementation of the SAP solution will also remove manual processes, enhance automation and increase internal program responsiveness, while allowing Skullcandy’s Seattle-based warehouse to be integrated into the same system.
“The selection of SAP Business ByDesign by an innovative and pioneering audio equipment manufacturer such as SkullCandy further validates SAP as the preferred on-demand solution provider for companies experiencing accelerated global growth,” said Martin Mrugal, National Vice President and General Manager, SAP Business ByDesign Product Group, SAP Americas Inc. “The SAP solution provides a complete and adaptable on-demand platform that addresses the end-to-end integration and usability needs of the manufacturing industry, allowing fast-rising companies like SkullCandy to reach their full growth potential.”
For additional information on Skullcandy or its products, visit www.skullcandy.com.
About Skullcandy, Inc
Skullcandy designs headphones, mp3 player watches, audio accessories and other audio-enabled lifestyle products, such as backpacks with built-in speakers and iPod controls. Skullcandy also collaborates with select brands to integrate its audio technology into products from snow helmets to outerwear, apparel, packs and bags. Skullcandy gear is sold worldwide through top retailers and specialty outlets. Skullcandy products can be seen on www.skullcandy.com.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
Copyright © 2008 SAP AG. All rights reserved.
SAP, R/3, mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP AG in Germany and in several other countries all over the world. All other product and service names mentioned are the trademarks of their respective companies. Data contained in this document serve informational purposes only. National product specifications may vary.
