BEIJING, Nov. 9, 2016 /PRNewswire/ -- LightInTheBox
Holding Co., Ltd.(NYSE: LITB) ("LightInTheBox" or the "Company"), a
global online retail company that delivers products directly to
consumers around the world, today announced that it has launched a
cloud-based enterprise resource planning ("ERP")
Software-As-A-Service ("SaaS") solution for online and offline
distribution companies.
The cloud-based ERP solution was developed on top of the
Company's self-developed and proprietary ERP system, which has been
used by LighInTheBox over the past eight years and has gone through
multiple iterations. The ERP solution is web-based, easily
configured, requires no installation and comes with fully
self-serving registration. Designed for both online and offline
distribution companies including both retail and wholesale, the
newly launched system comes with a full spectrum of management
solutions to facilitate order management, procurement management,
product category management, supplier management, and inventory
management. It is designed for both small and large distribution
companies that handle millions of orders per year and manage
thousands of suppliers. Built using open source software and
database stacks; it can easily be deployed on a number of major
cloud platforms such as Amazon AWS.
LightInTheBox launched the Chinese version today and deployed it
through Amazon AWS's China data
center. The Company expects to launch an English language version
for international users later this year. The ERP solution is free
of charge for small to medium-enterprises ("SME") with a larger,
private, cloud-based solution for large enterprise users in need of
higher levels of data isolation.
"Our ERP system has gone through multiple iterations and
rigorous testing over the past eight years that we have using it in
our own operations, and is very suitable for both online and
offline distribution companies" commented Mr. Alan Guo, CEO of LightInTheBox. "It is easy to
understand and use, and with a cloud based SaaS model, we will
offer it for free to SMEs to demonstrate how innovative and
disruptive our ERP solution is to the distribution industry. With
an initial focus on the Chinese market, where many SME distribution
companies have never used ERP software in the past due to cost and
their complexity, we will soon launch an international version to
reach customers across the globe. We are very excited about its
disruptive market potential and are very proud to see the platform
being adopted by such a broad spectrum of companies."
About LightInTheBox Holding Co., Ltd.
LightInTheBox is a global online retail company that delivers
products directly to consumers around the world. The Company offers
customers a convenient way to shop for a wide selection of products
at attractive prices through its www.lightinthebox.com,
www.miniinthebox.com and other websites and mobile
applications, which are available in 27 major languages and cover
more than 80% of global Internet users.
For more information, please visit www.lightinthebox.com.
Forward-Looking Statements
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. These
forward-looking statements can be identified by terminology such as
"will," "expects," "anticipates," "future," "intends," "plans,"
"believes," "estimates," "potential," "continue," "ongoing,"
"targets" and similar statements. Among other things, statements
that are not historical facts, including statements about
LightInTheBox's beliefs and expectations, the business outlook and
quotations from management in this announcement, as well as
LightInTheBox's strategic and operational plans, are or contain
forward-looking statements. LightInTheBox may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the "SEC"), in press releases
and other written materials and in oral statements made by its
officers, directors or employees to third parties. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: LightInTheBox's goals and strategies;
LightInTheBox's future business development, results of operations
and financial condition; the expected growth of the global online
retail market; LightInTheBox's ability to attract customers and
further enhance customer experience and product offerings;
LightInTheBox's ability to strengthen its supply chain efficiency
and optimize its logistics network; LightInTheBox's expectations
regarding demand for and market acceptance of its products;
competition; fluctuations in general economic and business
conditions and assumptions underlying or related to any of the
foregoing. Further information regarding these and other risks is
included in LightInTheBox's filings with the SEC. All information
provided in this press release and in the attachments is as of the
date of this press release, and LightInTheBox does not undertake
any obligation to update any forward-looking statement, except as
required under applicable law.
Investor Relations Contact
Christensen
Ms. Xiaoyan Su
Tel: +86 (10) 5900 3429
Email: ir@lightinthebox.com
OR
Christensen
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@ChristensenIR.com
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SOURCE LightInTheBox Holding Co., Ltd.