Four Soft Signs Significant Contract With Panasonic India Pvt. Ltd.

HYDERABAD, August 22, 2012 /PRNewswire/ --

Four Soft® (4S®) (NSE: "FOURSOFT", BSE: 532521), a global leader offering software solutions for logistics, transportation and supply chain industry, is pleased to announce that its web-centric warehouse management application, 4S eLog® has been selected by Panasonic India Pvt. Ltd. to automate its warehousing facility across 28 locations. The contract was executed by Four Soft Limited, India. Panasonic is an existing customer of Four Soft.

Panasonic has been a market leader in consumer durable industry delivering superior products and services in India since 1994. The company specializes in providing consumer products, household & home appliances, office automation products and electronic products of the highest quality. With five manufacturing establishments and four sales companies across India, the company focuses on making everyday tasks simpler, convenient and more energy efficient.

Mr. Yutaka Suzuki, Vice President, Panasonic India Pvt. Ltd., said, "We chose Four Soft's web-centric warehouse management solution as they have proven expertise and the necessary tools in successfully implementing such large and complex projects apart from having a clear understanding and approach of what our business requires. With our decision to implement this solution, we hope that it will offer us better functionality, cut down our initial cost of ownership, simplify business complexities, provide more flexibility and enhance value to our customers."

Mr. BalaKrishna Reddy, Head- Asia, Four Soft Limited, said, "We are very happy to announce our association with Panasonic India. They are a global market leader in electronic products and their decision to select our WMS solution speaks of our commitment and continuous effort to provide world-class solutions." He further added, "We are confident that our solution will address their problems and help business grow in a more simplified and efficient way."

4S eLog® is Four Soft's web-centric warehouse management system (WMS) capable of handling inventory operations across multiple warehouses. Built on J2EE platform with a native browser interface, 4S eLog® is designed to support core operational requirements of modern day global companies. 4S eLog® extends well beyond the capacity of a traditional warehouse management system by integrating supply, fulfillment and partner collaboration into one enterprise service platform.

About Four Soft Limited

Four Soft® is a public listed company which provides innovative software solutions, IT consultancy and BPO services exclusively for the logistics and supply-chain management market place. It is the market leader in the transportation and logistics segment with a large international client base including the majority of the top logistics and transportation companies in the world. With regional offices strategically located worldwide, it supports customers including DHL, CEVA, DB Schenker, Panasonic, Flyjac, and Geodis Wilson. Additional information about Four Soft® is available at www.four-soft.com

Four Soft® offers a full suite of web-native products across the logistics supply chain. This includes 4S eTrans® for freight forwarding and logistics, 4S eLog® for extended warehouse management, 4S VisiLog® & 4S VisiLog plus® for track & trace, visibility and supply-chain management, 4S eCustoms® for customs brokerage, 4S iShipping™ for shipping line execution, 4S eConnect™ for business-to-business connectivity and 4S Infotips™ for informed decision making.

About Panasonic Corporation

Panasonic Corporation is a worldwide leader in the development and manufacture of electronic products for three business fields, consumer, components & devices, and solutions. Based in Osaka, Japan, the company recorded consolidated net sales of 7.85 trillion yen for the year ended March 31, 2012. It aims to become the No. 1 Green Innovation Company in the Electronics Industry by the 100th year of its founding in 2018. The company's shares are listed on the Tokyo, Osaka, Nagoya and New York (NYSE:PC) stock exchanges. For more information on the company and the Panasonic brand, visit the company's website at http://panasonic.net/

About Panasonic India

Panasonic makes available in India its wide range of consumer electronics and home appliances like LCD & Plasma TVs, DVD players, home theatre systems, cameras, camcorders, car audio systems, air conditioners, washing machines, refrigerators, microwave ovens, automatic cookers, vacuum cleaners and the like. The company has a workforce of about 12,650 in India and estimated to do a turnover of Rs 10,000 crore in FY 2012. For more information on the company and the Panasonic brand in India, please visit http://panasonic.co.in

Primary Media Contact: Narendra Nargundkar, narendra.pn@four-soft.com, 91-40-66875216, 91-9246165754

SOURCE Four Soft Limited