TSX Venture Exchange Symbol "SER"
EDMONTON, Oct. 8 /CNW/ - Serenic Corporation (TSX-V:SER), ("Serenic" or
the "Corporation"), a leading publisher of financial management and business
operations software for nonprofits, international non-governmental
organizations (NGOs) and the public sector, announced today that Serenic
Navigator and integrated business operations solutions have been selected by
TechnoServe, an internationally recognized leader in the field of economic
development that finds business solutions for rural poverty.
TechnoServe's mission is to help entrepreneurial men and women in poor,
rural areas of the developing world build businesses that create income,
opportunity and economic growth for their families, their communities and
their countries. Since its founding in 1968, TechnoServe's work has led to the
launch or expansion of thousands of businesses and transformed the lives of
millions of people in more than 30 countries. In August, Time magazine
featured TechnoServe's work with coffee farmers as an example of how
capitalism can be harnessed to help improve the lives of poor people.
In 2007, TechnoServe helped 706 businesses achieve total sales of
$149 million. With 500 of its own employees in 19 countries, TechnoServe was
in need of a true nonprofit solution that could help it better manage its
growing organization internationally.
"Our existing software did not give users the ability to manage grants,
multicurrency and separate international sites with synchronization," said
TechnoServe Chief Financial Officer, James Nehmer. "Serenic's integrated
solution will create efficiencies, and its grant management application will
be especially helpful for our organization's needs."
TechnoServe received a credit on the purchase of Serenic Navigator, which
is embedded in Microsoft Dynamics NAV, because they were replacing a Great
Plains system, another product in the Microsoft Dynamics family. Thirty-one
users will access Serenic Navigator Advanced Management Edition - certified
for Microsoft Dynamics NAV - as well as other applications within the
Navigator extended product suite, including, AwardVision and Advanced
Budgeting. The fully integrated product suite will allow the organization to
combine financials, procurement and grant management. TechnoServe will use
Serenic Portals to connect its remote locations, providing online account
information across the globe.
"Serenic's off-the-shelf features built specifically for non-profit
organizations require little customization for multi-national
implementations," said Serenic CEO and President Randy Keith. "With Navigator
quickly simplifying its business processes, the organization can be more
effective and efficient in managing its resources, which is part of its
commendable core mission."
TechnoServe is leading a movement that empowers people in the developing
world to build businesses that break the cycle of poverty. Growing enterprises
generate jobs and other income opportunities for poor people, enabling them to
improve their lives and secure a better future for their families. The
Financial Times has rated TechnoServe one of the top five NGOs for corporate
partnerships. Charity Navigator has also awarded its highest Four Star ranking
to TechnoServe. Visit www.technoserve.org for more information.
About Serenic Corporation
Serenic Corporation is an industry-leading publisher of mission-critical
software products that satisfy the unique and sophisticated functionality
requirements of nonprofit organizations, educational institutions, and
Built on Microsoft Dynamics NAV, Serenic's products deliver fully
integrated solutions that can, in many organizations, eliminate the need for
multiple third-party business applications.
A Microsoft Gold-certified Industry Solutions Vendor, the Corporation's
products include the highly acclaimed Serenic Navigator, Serenic DonorVision,
Serenic CommunityCare and Serenic MinistryView. In addition, the Corporation
is the exclusive developer of the human resources and payroll products for
Microsoft Dynamics NAV users in North America.
In 2007, Serenic was named the Microsoft Dynamics Outstanding ISV of the
Year and earned membership in the Microsoft Dynamics Inner Circle and the
Microsoft Dynamics President's Club, both prestigious achievements that
acknowledge Serenic as a top performer within the Microsoft partner community.
Serenic Corporation is a public company with offices in Edmonton, Alberta
and Lakewood, Colorado. It trades under the symbol "SER" on the TSX Venture
Exchange in Canada. Additional information about the Company is available at
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
Company and product names mentioned herein may be trademarks and/or
registered trademarks of their respective owners.
ON BEHALF OF THE BOARD OF DIRECTORS
By Randy Keith
President and CEO, Serenic Corporation
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