Regent Medical, which is headquartered in Manchester, acquired the surgical gloves and skin antiseptics business of global consumer products company, SSL International, plc on June 27th 2004 in a 173 million deal financed principally by funds advised by Apax Partners Ltd. Best known for its Biogel range of powder free gloves, Regent Medical is market leader in several global markets and has a turnover of around 120 million.
The company previously relied on the finance and distribution systems of SSL, which is providing transitional services. Keen to become a stand-alone business as soon as possible. Regent chose SYSPRO in part because it felt it gave it the real possibility of managing its manufacturing and commercial processes under a single application worldwide, giving end-to-end visibility of the business.
The appealing part for us was that we would be able to accomplish what we needed, using limited financial and human resources, says Bill Mennenoh, Regents IT Director.
We chose to work with Information Engineering because their people demonstrated they could implement the system within tight time frames - we have access to SSLs system until the end of November at which point we need to be fully operational. The SYSPRO system provides us with the core functionality we need without clogging up the system with how-to-use features, and we dont need a big IT department to run it we only have 20 IT people in total, across three departments globally, and we only need one in each department to support the SYSPRO system.
The deal is a two-phase programme with Regent initially implementing a 40-user finance and distribution system to support its UK and European network. Financials are targeted to go live in August and distribution in November. Implementation will then begin on a 50-user SYSPRO system in the USA, which will go live around the middle of 2005.