Preo Licenses Printelligence™ v4 to Staples
CALGARY, ALBERTA--(Marketwire - May 9, 2012) -
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Preo Software Inc. (TSX VENTURE:PKM) today announced that it has entered into an agreement to license Preo's Printelligence™ v4 Managed Print Services (MPS) technology to Staples Advantage, the business-to-business division of Staples, Inc. The software is part of the Staples Technology Solutions (STS) MPS service offering.
"This multi-year license agreement incorporating Preo's v4 business intelligence software within the STS MPS solution is truly the start of a visionary trend in this industry. The opportunity to associate ourselves with a leading worldwide office products and business solutions company will be extremely beneficial to our organization," said Gary McCone, Preo's president and CEO. "Staples' inherent commitment to providing strategic, cost-saving solutions to its customers makes Preo a natural fit."
"We are very pleased to partner with Preo Software," said Al Zoldos, vice president sales for Staples Technology Solutions. "Their Printelligence software, including the new capabilities in v4, is a great differentiator for STS as we help organizations optimize their print device fleet to improve overall efficiency and save money."
About Preo Software
Preo™ Software Inc. is the market leader in providing Print Knowledge Management Systems to enterprises, select OEMs, and Managed Print Services providers around the world. Printelligence™, the company's award winning flagship cloud-based offering, empowers users to optimize their print assets and reduce print volumes, while yielding significant cost savings and reducing the environmental footprint. Printelligence has been deployed in over 5,000 organizations worldwide.
About Staples Advantage
Staples Advantage, the business-to-business division of Staples, Inc., serves organizations of 20 or more employees up to the Fortune 1000, including global businesses, local, state and federal government, healthcare organizations and educational institutions. The Staples Advantage one source solution includes comprehensive products and services from office supplies, technology and printing to promotional products, furniture and facility supplies. Dedicated to providing organizations with greater cost savings and improved ordering efficiencies, Staples Advantage provides a customized level of account support and best-in-class customer service. More information is available at www.staplesadvantage.com.
About Staples
Staples is the world's largest office products company and a trusted source for office solutions. The company provides products, services and expertise in office supplies, copy & print, technology, facilities and breakroom, and furniture. Staples invented the office superstore concept in 1986 and now has annual sales of $25 billion, ranking second in the world in eCommerce sales. With 88,000 associates worldwide, Staples operates in 26 countries throughout North and South America, Europe, Asia and Australia, making it easy for businesses of all sizes, and consumers. The company is headquartered outside Boston. More information about Staples (Nasdaq: SPLS) is available at www.staples.com/media.
This press release contains forward-looking information including but not limited to future development plans and anticipated operations. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include but are not limited to financing risks, risks arising from volatility in the oil and gas industry and ongoing operational risks.
Source: Preo Software Inc. (TSX VENTURE:PKM) http://www.preosoftware.com
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