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LogicSource’s OneMarket® Technology Licensing Program Gains Momentum with Wellcom Partnership in Asia Pacific

LogicSource, a leading sourcing solutions firm, today announced significant wins in the second half of 2012 within its global licensing and reseller network for the OneMarket® Sourcing Solutions suite.

Wellcom Group, a leading global production agency that is the exclusive reseller of OneMarket for the Asia Pacific Region, won three new clients in 2012. The first new customer win was Australia Post, the postal, retail, and financial services firm in July. In September, Wellcom won a long-term print management contract with National Australia Bank (NAB), the country’s largest bank, and in October, they secured a third win with a competitive replacement at Commonwealth Bank.

“This past year we decided we had to find a proven, SaaS based, eProcurement technology for marketing print and related categories and we selected the OneMarket software suite from LogicSource,” says Wayne Sidwell, Wellcom CEO. “OneMarket played a significant role in winning the NAB business and Commonwealth businesses. Looking across all three wins, OneMarket clearly enhances our ability to differentiate our solutions from our competitors in the print world.”

The OneMarket software solution allows companies to more effectively manage the sourcing and procurement process, gain transparency throughout the supply chain, and drive sustainable cost savings. OneMarket is delivered in a software-as-a-service (SaaS) business model, and integrates easily into industry-leading ERP solutions such as SAP, Oracle, and Ariba.

OneMarket Buyer, the core engine of the platform, was originally developed to manage print and related spending. LogicSource has since expanded its capability to manage other complex, highly specified categories of goods such as primary and secondary packaging, retail fixtures, flooring, and lighting. OneMarket Buyer allows companies to more effectively address timing, speed, and waste challenges in the procurement process, as well as gain transparency throughout the supply chain and drive sustainable cost savings.

“The benefits of our OneMarket technology suite appeal to companies in many sectors and geographies,” said Sam Vail, OneMarket General Manager at LogicSource. “Wellcom’s success with OneMarket is further evidence that our powerful suite of software modules can provide other print management suppliers with the ability to rapidly deploy an end-to-end technology solution without having to invest in the resources, or wait the amount of time it would take to build it themselves. We look forward to working with other global partners to grow and deliver greater value to their client base by deploying OneMarket as a clear competitive differentiator.”

About LogicSource and the OneMarket® Sourcing Solutions Suite

LogicSource is a sourcing solutions firm that focuses on driving measurable and sustainable cost savings and uses an innovative risk/reward approach in which it shares the benefits of the savings it creates with client partners. OneMarket® is LogicSource’s Sourcing Solutions Suite that currently manages the direct and indirect commodities and services spend for some of the world’s most recognizable brands, including retailers, consumer products companies, charities, investment banks and insurance companies. LogicSource and its OneMarket® team are headquartered in Norwalk, Conn. For more information visit: http://logicsource.com and http://www.logicsource.com/what-we-do/technology/.

About Wellcom

Wellcom Group Limited is a leading provider of pre-media and digital asset management services to corporations and retailers in Australia, New Zealand, Singapore, Malaysia and the United Kingdom. Wellcom’s extensive list of value added services provided to clients include design services and cross-media adaptations, 3D and 2D illustration, photography and creative retouching, online and digital services, TVC production, video and animation, Pre-media, image and asset libraries, and online workflow processes.

For more information about Wellcom, contact Michael Bettridge at +61422304865 or [email protected].

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