GE TIP/ModSpace Selects Zilliant's Price Optimization Solution
GE unit upgrades to full perpetual license after successful completion of Zilliant's "Proof of Value" Pilot Program
Austin, TX - May 26, 2003 - Zilliant, the leader in strategic profit and revenue optimization (PRO) software, today announced that GE TIP/ModSpace, a unit of the General Electric Company, has chosen to convert its pilot license into a full perpetual license purchase. GE TIP is a global leader in over-the road trailer solutions and GE Modular Space is a premier player in the modular construction industry.
GE TIP/ModSpace will be using Zilliant's enterprise software for profit and revenue optimization. Zilliant's software will give division leaders specific data on when, where and how pricing can be leveraged to drive profitability and achieve business goals. Using the Zilliant solution, the leadership team will have an improved, continuous view of the market, specific to each region and for each product. This will allow TIP/ModSpace to maximize its assets and make informed and integrated pricing decisions.
"The pilot program offered us the opportunity to gain confidence in the Zilliant solution before committing to a full roll-out," said Thomas Konditi, Senior Vice President, Asset Management & Pricing at TIP/ModSpace. "The software gives us actionable pricing recommendations that will maximize our resources and benefit our customers. This agreement reflects GE's ongoing commitment to utilize cutting-edge technology to remain a leader in the global market."
"We are pleased that TIP/ModSpace opted to upgrade to a full perpetual license and we are confident that decision will benefit them both in the short term and over the long haul," said Larry Warnock, EVP of Marketing at Zilliant. "Zilliant first offers its customers a 'proof of value' pilot license to allow them to test the benefits of Zilliant's price optimization solution. We're excited to take this next step with TIP/ModSpace, and look forward to a long and productive partnership."
Zilliant makes enterprise software for revenue and pricing optimization. The software gives executives specific data on when, where and how pricing can be leveraged to drive profitability and achieve business goals. By implementing the Zilliant solution, companies can receive an ROI within months and the solution can scale to accommodate organizations of any size.
About Zilliant
Zilliant, a leader in strategic pricing applications , provides software and services that aid companies in defining and managing their pricing for improved financial results. The Zilliant Pricing Suite delivers a full solution for Price Analytics, Price Execution and Price Optimization. By utilizing the Zilliant suite of applications, companies are able to maximize revenue and margins through optimized segmentation, precision price setting, effective discount guidelines, successful price promotions and effective price policy enforcement. Headquartered in Austin, Texas, Zilliant is a privately held company. Investors include JP Morgan Partners, Austin Ventures and Trellis Partners. Zilliant is a registered trademark of Zilliant, Inc. For more information contact the company toll free at 877.893.1085 or visit
