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ModusLink To Help Tile Expand Global Business Operations
Tile’s Devices that Help People Locate the Things that Matter to them Most Utilizes ModusLink’s E-Commerce and Supply Chain Solutions to Expand Global Customer Adoption
WALTHAM, Mass.–(BUSINESS WIRE)–Sep. 6, 2016– ModusLink Corporation, a wholly owned subsidiary of Steel Connect Inc. (NASDAQ: MLNK), a global, omni-channel technology and fulfillment provider, announced today that it was selected by Tile, the smart location company and makers of a device that consumers can attach to everyday items to locate when misplaced or stolen. ModusLink will lead the brand’s global e-commerce expansion through a series of innovative order fulfillment, procurement, and data management best practices that will enable the company to quickly reach potential clients anywhere on the globe.
By teaming with ModusLink, Tile will be able to meet the growing demand for its products in markets such as Australia, Canada, the European Union and New Zealand. To do so, ModusLink will streamline Tile’s kitting processes for greater efficiency.
For the European market, ModusLink also plans to launch a variety of fast and reliable order fulfillment services for the brand, ranging from resource planning to inventory management, in order to boost the speed at which products can reach the consumer. ModusLink expects to have this service up and running for Tile prior to the start of the upcoming holiday season.
“With numerous sources predicting the global IoT market to reach into the trillions of dollars with close to 30 million IoT endpoints as early as 2020, there is no better time than the present for Tile to begin this journey with ModusLink,” says Sándor Kiss, Director of Manufacturing Operations at Tile. “Tile is at the vanguard of this market opportunity. We are building a global community in the IoT space with our smart location technology and that requires global expansion of our fulfillment operations.”
To further support Tile’s global expansion efforts, ModusLink will manage Tile’s unit serialization process that enables essential product data to be easily captured. This process helps identify each “Tile” and associate it with its designated package and customer, expediting the order fulfillment response with a host of new advanced tracking capabilities.
ModusLink will also manage international transportation solutions for Tile, automating workflows and supporting data tracking with a variety of global multi-modal and multi-carrier options.
The combination of these e-commerce and supply chain solutions and services will enable Tile to focus on what’s most important to the company’s future success – product development – without the need to acquire any new personnel to handle costly and time-consuming supply chain operations.
“Tile represents the perfect example of a young and innovative company seeking to take advantage of the extensive resources ModusLink has to offer,” says Hans Veenendaal, Chief Commercial Officer at ModusLink. “By combining our suite of solutions with its industry leading products, Tile will soon be able to reach its international expansion goals.”
For more information on Tile’s products, please visit: http://www.thetileapp.com.
Tile gives everything the power of smart location. Tile’s devices, network and mobile app work together to help people locate the things that matter to them most. Tile’s global community spans 200 countries and territories and helps people locate more than half a million items every day. The Tile Smart Location Platform makes it possible for other companies to build location into their own products. The company is based in San Mateo, CA and backed by Bessemer Venture Partners, GGV Capital and Khosla Ventures. Tile is a top seller in retail stores and is sold online around the world. For more information, please visit TheTileApp.com.
About Steel Connect
ModusLink Corporation, a wholly owned subsidiary of Steel Connect Inc. (NASDAQ: MLNK), is a global, omni-channel technology and fulfillment provider that gives clients real-time visibility into their end-to-end supply and demand chain operations, with expertise and facilities worldwide to manage forward and reverse logistics. The company’s operations are supported by more than 20 sites across North America, Europe and the Asia/Pacific region. For more information, please visit www.moduslink.com and www.valueunchained.com, the blog for supply chain professionals.
This release contains forward-looking statements, which address a variety of subjects including, for example statements regarding supply chain solutions. All statements other than statements of historical fact are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: ModusLink’s success, including its ability to reach its revenue, sales and profitability goals depends on its ability to execute on its business strategy as well as the continued and increased demand for and market acceptance of its services; global economic conditions, especially in the technology sector are uncertain and subject to volatility; demand for ModusLink’s clients’ products may decline or may not achieve the levels anticipated by ModusLink’s clients; and increased competition and technological changes in the markets in which ModusLink competes. For a detailed discussion of cautionary statements that may affect ModusLink’s future results of operations and financial results, please refer to ModusLink’s filings with the Securities and Exchange Commission, including ModusLink’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Forward-looking statements represent management’s current expectations and are inherently uncertain. ModusLink does not undertake any obligation to update forward-looking statements made by the company.
ModusLink, the ModusLink logo, Steel Connect, and Poetic are trademarks of Steel Connect Inc. or ModusLink Corporation. All other company names and product names may be trademarks of their respective owners.
Source: ModusLink Corporation
ModusLink Corporation Contact:
Jeff Drew, +1 617-986-5004