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(AFX UK Focus)
2009-04-09 09:44
LMS Capital wins order from Sainsbury's |
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* Wesupply to provide B2B services for 4000 suppliers * Wesupply to work with IBM for Sainsbury's April 9 (Reuters) - Investment firm LMS Capital Plc said on Thursday supermarket group J Sainsbury Plc has selected LMS' investee company Wesupply as the business-to-business (B2B) platform for connectivity to its 4,000 suppliers. LMS, which did not disclose the financial terms of the deal, said Wesupply will work with IBM to provide outsourcing services to Sainsbury's, and upgrade existing supplier connections. "By selecting Wesupply, Sainsbury's will not only consolidate onto a single B2B platform but significantly improve visibility into critical supply chain processes," LMS said in a statement.
(Reporting by Kumar Alagappan in Bangalore; Editing by Himani Sarkar) Keywords: LMSCAPITAL/ORDER (kumar.alagappan@thomsonreuters.com; +44 20 75427717; Reuters Messaging: kumar.alagappan@thomsonreuters.com)
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