WALLDORF, Germany, March 26, 2010 /PRNewswire/ -- Vistex is pleased to announce that Udo Hannemann, a long-time SAP senior manager, will join Vistex GmbH as Vice President of Business Development for Europe, effective immediately. Mr. Hannemann's expertise in the Consumer Products and Trading industries (Retail and Wholesale Distribution) will strengthen Vistex's competency and enhance its solution deployment capabilities across Europe.

During his 17 years at SAP, Mr. Hannemann proved himself in several positions within SAP. Starting as a logistics consultant for the first SAP R/3 ERP implementation(s), he gained valuable experience in consulting, sales, solution management, product development, and management. He led a successful implementation of SAP at the then world's second largest retail company, and was instrumental in developing the SAP for Wholesale Distribution industry solution. As an SAP Vice President, Mr. Hannemann was responsible for Consumer Industries Field Service, SAP's Wholesale Trade Industries Business Unit, and SAP's Enterprise Service-Oriented Architecture (SOA) Adaptation Program.

We are convinced we have in Udo Hannemann the right man who will help us further improve our excellent and strategic relationship with SAP's solution management, development, and sales organizations in Walldorf and across all Europe, said Vistex Founder and CEO, Sanjay Shah. This is important to our European business, as we already have five software applications that have been globally branded by SAP as SAP Solution Extension products, marketed and licensed by SAP on SAP paper and fully-supported by SAP through the SAP Service Marketplace.

Mr. Hannemann added, Vistex delivers world class solutions bringing high value to SAP customers, based on the foundation of agility, speed, professionalism and passion. I am proud to be part of Vistex team.

About Vistex GmbH and Vistex, Inc.

Vistex GmbH is a subsidiary of Vistex, Inc., a global SAP Software Solution Partner, whose mission is to help SAP customers derive greater value from their SAP investment. Vistex develops and delivers embedded and fully-integrated add-on applications that enhance SAP core functionality in the areas of contracts, incentives, rebates, and master data. Vistex solutions are licensed by SAP as SAP-branded Solution Extensions. More information about Vistex is available at http://www.vistex.com.

Contact: Udo Hannemann (+49-6227-73-1531)

SAP, R/3, ECC and other SAP products and services mentioned herein, as well as their respective logos are trademarks or registered servicemarks of SAP AG in Germany and several other countries around the world.

SOURCE: Vistex GmbH

CONTACT: Udo Hannemann of Vistex GmbH, +49-6227-73-1531