FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, announced today the hiring of Christopher Osborne. Chris, who will join as a Senior Managing Director in FTI's London office, will be responsible for establishing FTI's Economics practice in Europe.
In addition, he will assist FTI's counsel and corporate clients who are seeking advice and guidance in matters concerning damages in commercial litigation and arbitration, antitrust issues and regulatory matters. Mr. Osborne has an undergraduate degree in Civil Engineering, a Masters Degree in Economics, and is a Chartered Accountant. Prior to joining FTI, Mr. Osborne was European Managing Director of a major economic consulting firm, and prior to 2002, a partner at Arthur Andersen and head of the firm's Economic and Financial Consulting Practice.
Commenting on this development, Jack Dunn, Chief Executive Officer, said, "Mr. Osborne embodies the broad advisory expertise, unparalleled depth of intellectual capital and extensive technical knowledge for which FTI has become a leader in the marketplace. We are privileged to have someone of his experience and reputation in Europe spearheading the presence of our Economics Segment in this important market."
John Klick, Senior Managing Director and Head of the Economics Segment, added, "We believe that combining Chris's reputation and leadership with FTI's strong reputation for gold standard consulting expertise will allow us to rapidly expand our commitment to a European economics practice, thereby enhancing our ability to serve our clients on the wide range of global issues that they face."
Mr. Osborne observed, "I am very excited to be joining an organization with the depth and diversity of high quality talent that FTI has, both here in Europe and around the world. I look forward to working with my new colleagues to enhance the services FTI offers to clients in the UK, other parts of Europe, and in Asia."
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
Wednesday, December 24, 2008
GlobalPro Consulting to Organise The Global Sukuk Conference 2009
The Global Sukuk Conference 2009 will be held on 19-20 January 2009 at the Grand Millennium Hotel Kuala Lumpur, Malaysia.
Organised by GlobalPro Consulting, this 2-day conference has been specifically designed to explore the opportunities, latest trends and developments, providing an in-depth concept and practical aspects of sukuk (Islamic bond) and other Islamic investment banking services.
Major players such as corporate bankers, treasury, investment bankers, fund managers, financial controllers and individuals will learn from prominent speakers with different wide spectrum of expertise. This conference will definitely give benefit and enhance understanding and insight to the delegates of the distinct features of sukuk and investment banking.
Topics to be discussed include overview on sukuk, shariah principles on sukuk, sukuk: towards viable secondary market, Islamic investment banking: new producr development and innovation, Islamic investment banking: challenges and opportunities, sukuk credit ratings and legal framework of sukuk and some current issues.
The conference will feature a panel of distinguished local and international speakers, moderators and panelists ranging from top industry leaders, regulators to renowned scholars.
Some of the speakers include Mr Zairulnizad Shahrim (Associate Director, Islamic Markets, AmInvestment Bank Berhad), Mr Mohamed Ariff Tun Dr Ismail (Vice President, Aseambankers), Mr Alhami Mohd Abdan (Head, Islamic Finance, Investment Banking, OCBC Bank Malaysia Berhad) and Mr Mohamad Illiayas Seyed Ibrahim (Senior Partner, Illiayas (Advocates & Solicitors)).
To view the details of the event, you may visit the organiser’s web site:
www.globalpro.com.my
Organised by GlobalPro Consulting, this 2-day conference has been specifically designed to explore the opportunities, latest trends and developments, providing an in-depth concept and practical aspects of sukuk (Islamic bond) and other Islamic investment banking services.
Major players such as corporate bankers, treasury, investment bankers, fund managers, financial controllers and individuals will learn from prominent speakers with different wide spectrum of expertise. This conference will definitely give benefit and enhance understanding and insight to the delegates of the distinct features of sukuk and investment banking.
Topics to be discussed include overview on sukuk, shariah principles on sukuk, sukuk: towards viable secondary market, Islamic investment banking: new producr development and innovation, Islamic investment banking: challenges and opportunities, sukuk credit ratings and legal framework of sukuk and some current issues.
The conference will feature a panel of distinguished local and international speakers, moderators and panelists ranging from top industry leaders, regulators to renowned scholars.
Some of the speakers include Mr Zairulnizad Shahrim (Associate Director, Islamic Markets, AmInvestment Bank Berhad), Mr Mohamed Ariff Tun Dr Ismail (Vice President, Aseambankers), Mr Alhami Mohd Abdan (Head, Islamic Finance, Investment Banking, OCBC Bank Malaysia Berhad) and Mr Mohamad Illiayas Seyed Ibrahim (Senior Partner, Illiayas (Advocates & Solicitors)).
To view the details of the event, you may visit the organiser’s web site:
www.globalpro.com.my
Michael Whitehead Establishes MEW Consulting
Well-known wire bonder expert Michael Whitehead has established MEW (Microelectronic Wire Bonding) Consulting to provide process development, equipment repair and other technical assistance on legacy back-end semiconductor assembly equipment being phased out by original semiconductor equipment manufacturers.
The company’s range of technical expertise extends to automatic and manual wire/wedge bonders, ball bonders, die attach and saw platforms.
“There is a need for on-going technical assistance for legacy semiconductor equipment even after original manufacturers have ended their life and no longer support them,” notes Michael Whitehead, President of MEW Consulting. ”MEW Consulting can fill the void by providing a wide variety of process development and support services to keep legacy equipment working until users determine they need to invest in new equipment.”
Mr. Whitehead has a strong semiconductor and customer service background, having worked for 28 years at Kulicke & Soffa in various engineering support positions including field service engineer, senior applications engineer as well as senior customer support engineer. While offering expertise in the service and install of ball bonders, die attach and saw technology, Michael specializes in wedge bonder platforms. For more information about MEW Consulting, contact Michael Whitehead at mwhitehead@mewconsulting.us or 214-358-6557.
The company’s range of technical expertise extends to automatic and manual wire/wedge bonders, ball bonders, die attach and saw platforms.
“There is a need for on-going technical assistance for legacy semiconductor equipment even after original manufacturers have ended their life and no longer support them,” notes Michael Whitehead, President of MEW Consulting. ”MEW Consulting can fill the void by providing a wide variety of process development and support services to keep legacy equipment working until users determine they need to invest in new equipment.”
Mr. Whitehead has a strong semiconductor and customer service background, having worked for 28 years at Kulicke & Soffa in various engineering support positions including field service engineer, senior applications engineer as well as senior customer support engineer. While offering expertise in the service and install of ball bonders, die attach and saw technology, Michael specializes in wedge bonder platforms. For more information about MEW Consulting, contact Michael Whitehead at mwhitehead@mewconsulting.us or 214-358-6557.
Wincor Nixdorf Expands Bank Consulting in Business Intelligence
Wincor Nixdorf AG is enhancing its consulting portfolio for the banking business.
According to a news release, Wincor Nixdorf plans to expand its business intelligence into its overall consulting business. Wincor Nixdorf says it is responding to the increased demand for specialized knowledge in the area of designing and integrating business-intelligence solutions.
A Business Week survey, in which some 700 European and American companies were polled, shows that nearly 80 percent of managers complain that they have insufficient or imprecise information for important business decisions. The same number of managers also reported knowing of bad decisions that were made on the basis of insufficient information.
"First, we analyze the starting situation, pin down goals and develop the project strategy," Wincor says. "In a second step, we identify the various processes and user concerns, define the key figures and determine the recipients, contents and structure of the reports. These first two steps are followed by the development of the new process and system design. A test environment is developed on this basis and a prototype BI solution installed. System, applications and data quality are then examined in a test phase, after which the system is configured and is put into operation."
According to a news release, Wincor Nixdorf plans to expand its business intelligence into its overall consulting business. Wincor Nixdorf says it is responding to the increased demand for specialized knowledge in the area of designing and integrating business-intelligence solutions.
A Business Week survey, in which some 700 European and American companies were polled, shows that nearly 80 percent of managers complain that they have insufficient or imprecise information for important business decisions. The same number of managers also reported knowing of bad decisions that were made on the basis of insufficient information.
"First, we analyze the starting situation, pin down goals and develop the project strategy," Wincor says. "In a second step, we identify the various processes and user concerns, define the key figures and determine the recipients, contents and structure of the reports. These first two steps are followed by the development of the new process and system design. A test environment is developed on this basis and a prototype BI solution installed. System, applications and data quality are then examined in a test phase, after which the system is configured and is put into operation."
Tuesday, December 23, 2008
TriMerge Consulting Group, PA Certified Public Accountants and Consultants Announces Atlanta Office and New Partner
TriMerge Consulting Group, PA (“TriMerge”) one of the area’s local accounting firms, has announced the opening of a new office in Atlanta, Georgia. Riolene Ibok, CPA has joined the firm as a partner.
The new office discussions started early in 2008. The conversations were fruitful, and the momentum for what Gerri Lazarre calls' a merger of equals’ grew. Riolene Ibok comes to TriMerge with a good deal of corporate and public accounting experience and shares in the firm’s philosophy.
TriMerge is a firm of integrity, forward thinking and fresh ideas.
By establishing an Atlanta office, this provides TriMerge, an immediately- established presence in the Atlanta market, enhances its client service capabilities and better positions itself for significant growth. "This combination brings real and tangible benefits to our clients and our employees," said Riolene Ibok, CPA, Partner in Charge of TriMerge Atlanta. "TriMerge’s experience and leadership role in the community will provide our clients, our employees and the Atlanta marketplace with exciting new opportunities for resources, growth and success."
"For some time now, an Atlanta presence has been a key part of our expansion plans," said Gerri Lazarre, CPA, Managing Partner. "We believe there is tremendous growth opportunity in the Atlanta area market. The creation of the new office in Atlanta provides greater depth of resources, broaden our partner base, improve staff training and internal systems and access to an important financial market that will enable us to provide expanded services to larger clients while continuing to offer mid-sized and smaller companies responsive and personal service. As a result, our firm will be able to grow more quickly, our people will be able to take advantage of expanded opportunities, and our clients will benefit from enhanced service capabilities.”
About TriMerge Consulting Group, PA
Established in 2003 in the state of Florida, TriMerge Consulting Group, PA is a certified public accounting and consulting professional services firm with operations in Miami, Florida, Miami Dade County and Atlanta, Georgia, Fulton County. TriMerge provides accounting, audit and assurance, tax compliance and consulting, forensic and outsourced accounting, litigation support services, Sarbanes Oxley and internal control services and business advisory services. Our services and solutions improve the effectiveness and efficiency of our clients business. We leverage our knowledge of financial concepts and accounting assertions to bridge the gap in the delivery of financial consulting services.
For further information, visit the website at www.TriMergeConsulting.com.
The new office discussions started early in 2008. The conversations were fruitful, and the momentum for what Gerri Lazarre calls' a merger of equals’ grew. Riolene Ibok comes to TriMerge with a good deal of corporate and public accounting experience and shares in the firm’s philosophy.
TriMerge is a firm of integrity, forward thinking and fresh ideas.
By establishing an Atlanta office, this provides TriMerge, an immediately- established presence in the Atlanta market, enhances its client service capabilities and better positions itself for significant growth. "This combination brings real and tangible benefits to our clients and our employees," said Riolene Ibok, CPA, Partner in Charge of TriMerge Atlanta. "TriMerge’s experience and leadership role in the community will provide our clients, our employees and the Atlanta marketplace with exciting new opportunities for resources, growth and success."
"For some time now, an Atlanta presence has been a key part of our expansion plans," said Gerri Lazarre, CPA, Managing Partner. "We believe there is tremendous growth opportunity in the Atlanta area market. The creation of the new office in Atlanta provides greater depth of resources, broaden our partner base, improve staff training and internal systems and access to an important financial market that will enable us to provide expanded services to larger clients while continuing to offer mid-sized and smaller companies responsive and personal service. As a result, our firm will be able to grow more quickly, our people will be able to take advantage of expanded opportunities, and our clients will benefit from enhanced service capabilities.”
About TriMerge Consulting Group, PA
Established in 2003 in the state of Florida, TriMerge Consulting Group, PA is a certified public accounting and consulting professional services firm with operations in Miami, Florida, Miami Dade County and Atlanta, Georgia, Fulton County. TriMerge provides accounting, audit and assurance, tax compliance and consulting, forensic and outsourced accounting, litigation support services, Sarbanes Oxley and internal control services and business advisory services. Our services and solutions improve the effectiveness and efficiency of our clients business. We leverage our knowledge of financial concepts and accounting assertions to bridge the gap in the delivery of financial consulting services.
For further information, visit the website at www.TriMergeConsulting.com.
Global Consulting Firm Appoints Charles Giancarlo to Its Board
Accenture announced that it has appointed Charles Giancarlo to the company's board of directors.
Giancarlo is a managing director at Silver Lake, a private investment firm that focuses on the technology, technology-enabled and related growth industries, and also serves as interim president and CEO of Avaya, Inc., a telecommunications company co-owned by Silver Lake.
The appointment has been approved by Accenture's board of directors. Giancarlo joins the board as a Class I director, subject to re-appointment at the Accenture Ltd annual general meeting of shareholders in February 2009. He has been appointed to serve on the board's Finance and Nominating & Governance committees.
"We are very excited to have Charlie join our board of directors," said William D. Green, Accenture's chairman & CEO. "With more than 25 years of experience in the communications industry and as a leader of one of the country's most sophisticated technology investment firms, Charlie brings with him an extraordinary tech background. I know I speak for the other board members when I say that we look forward to the valuable perspective he will provide related to Accenture's strategy, operations and management."
With the appointment, Accenture noted, its board now comprises 11 directors, 10 of whom are external and independent. Green is the board's only internal director.
Giancarlo has been a managing director with Silver Lake since December 2007. Since June 2008 he has also served as interim president and CEO at Avaya, where he is expected to become chairman of the board in January 2009 upon appointment of the new president and CEO.
Before joining Silver Lake in December 2007, Giancarlo spent 14 years with Cisco Systems, where he led the company's product development, business development and other management activities. Among the variety of senior executive roles he held was executive vice president and chief development officer, responsible for all of the company's business units and divisions, and president of Cisco-Linksys.
Giancarlo also serves on the board of directors of Avaya and Netflix, Inc.
Accenture is a global management consulting, technology services and outsourcing company.
Giancarlo is a managing director at Silver Lake, a private investment firm that focuses on the technology, technology-enabled and related growth industries, and also serves as interim president and CEO of Avaya, Inc., a telecommunications company co-owned by Silver Lake.
The appointment has been approved by Accenture's board of directors. Giancarlo joins the board as a Class I director, subject to re-appointment at the Accenture Ltd annual general meeting of shareholders in February 2009. He has been appointed to serve on the board's Finance and Nominating & Governance committees.
"We are very excited to have Charlie join our board of directors," said William D. Green, Accenture's chairman & CEO. "With more than 25 years of experience in the communications industry and as a leader of one of the country's most sophisticated technology investment firms, Charlie brings with him an extraordinary tech background. I know I speak for the other board members when I say that we look forward to the valuable perspective he will provide related to Accenture's strategy, operations and management."
With the appointment, Accenture noted, its board now comprises 11 directors, 10 of whom are external and independent. Green is the board's only internal director.
Giancarlo has been a managing director with Silver Lake since December 2007. Since June 2008 he has also served as interim president and CEO at Avaya, where he is expected to become chairman of the board in January 2009 upon appointment of the new president and CEO.
Before joining Silver Lake in December 2007, Giancarlo spent 14 years with Cisco Systems, where he led the company's product development, business development and other management activities. Among the variety of senior executive roles he held was executive vice president and chief development officer, responsible for all of the company's business units and divisions, and president of Cisco-Linksys.
Giancarlo also serves on the board of directors of Avaya and Netflix, Inc.
Accenture is a global management consulting, technology services and outsourcing company.
Wipro Appoints Head of Consulting Division
Indian IT services vendor Wipro Technologies has appointed Kirk Strawser as global head of the company's Consulting Services division.
He was previously Americas leader of CRM at Ernst & Young, global leader of CRM at Capgemini, and president of consulting services at Capgemini Americas.
T K Kurien, president of Wipro consulting services, communication and media, global programs, and strategic initiatives, said: "We have seen a significant increase in demand for our consultancy business recently, especially for our cost optimization and business transformation services. Our customers were asking for higher level advisory services to complement our world-class IT and BPO services. This has helped us set the agenda for strategic cost reduction, capital efficiency, and customer experience in transformation-related programs."
He was previously Americas leader of CRM at Ernst & Young, global leader of CRM at Capgemini, and president of consulting services at Capgemini Americas.
T K Kurien, president of Wipro consulting services, communication and media, global programs, and strategic initiatives, said: "We have seen a significant increase in demand for our consultancy business recently, especially for our cost optimization and business transformation services. Our customers were asking for higher level advisory services to complement our world-class IT and BPO services. This has helped us set the agenda for strategic cost reduction, capital efficiency, and customer experience in transformation-related programs."
Consulting Firm Aero Financial Retained as Strategic Consultant by Universal Aviation Services
Aero Financial is pleased to announce that the company has signed a comprehensive consulting agreement with Universal Aviation Services Pvt. Ltd, the largest airline ground handling company in India and a leading provider of training and support services for the aviation sector in India. Under the scope of the agreement, Aero will assist Universal in a variety of areas relating to corporate finance, identifying strategic expansion opportunities world wide and structuring of a private offering or a series of private offerings of equity or equity linked securities.
Additionally, Aero Financial will assist Universal in several other facets of the company's growth plan including: Advising, planning, structuring and assisting in the pursuit and the consummation of strategic alliances and/or acquisition targets in the aviation industry with a focus in the areas of air cargo, ground handling, MRO, in-flight catering and other related aviation services.
Jim Price, Chairman and CEO of Aero Financial States, "I just returned from the region and saw first hand the quality of Universal's management team and the company's ability to expand upon their already impressive footprint in the aviation industry. With over 6,000 employees at Universal, I see a tremendous growth opportunity in the company and in our relationship, and look forward to a long term partnership."
About Universal Aviation Services
Universal Aviation Services is an ISO 9001: 2000 certified Registered Limited Company offering nationwide Ground Support Services to various airlines and airline related agencies. The State-of-the-art set up is equipped with disciplined / talented / trained / motivated manpower infrastructure and a high caliber dedicated / devoted pool of team members with cutting edge maintenance and management skills. Engaged in carrying out maintenance and rendering staffing solutions, our service providing team is geared up to play a crucial role in driving the future growth of Universal Aviation Services Pvt. Ltd. For additional information about Universal Aviation Services, please visit www.uniaviation.com/
About Aero Financial
Founded in 1992, Aero Financial is a diversified Holding Company with a core competency in Strategic Advisory and Consulting. Aero provides growth capital as well as a full range of essential support and organizational services to private and public companies. Headquartered in San Diego, Aero operates offices in Dallas, Baltimore, London, Dubai and Sri Lanka.
Additionally, Aero Financial will assist Universal in several other facets of the company's growth plan including: Advising, planning, structuring and assisting in the pursuit and the consummation of strategic alliances and/or acquisition targets in the aviation industry with a focus in the areas of air cargo, ground handling, MRO, in-flight catering and other related aviation services.
Jim Price, Chairman and CEO of Aero Financial States, "I just returned from the region and saw first hand the quality of Universal's management team and the company's ability to expand upon their already impressive footprint in the aviation industry. With over 6,000 employees at Universal, I see a tremendous growth opportunity in the company and in our relationship, and look forward to a long term partnership."
About Universal Aviation Services
Universal Aviation Services is an ISO 9001: 2000 certified Registered Limited Company offering nationwide Ground Support Services to various airlines and airline related agencies. The State-of-the-art set up is equipped with disciplined / talented / trained / motivated manpower infrastructure and a high caliber dedicated / devoted pool of team members with cutting edge maintenance and management skills. Engaged in carrying out maintenance and rendering staffing solutions, our service providing team is geared up to play a crucial role in driving the future growth of Universal Aviation Services Pvt. Ltd. For additional information about Universal Aviation Services, please visit www.uniaviation.com/
About Aero Financial
Founded in 1992, Aero Financial is a diversified Holding Company with a core competency in Strategic Advisory and Consulting. Aero provides growth capital as well as a full range of essential support and organizational services to private and public companies. Headquartered in San Diego, Aero operates offices in Dallas, Baltimore, London, Dubai and Sri Lanka.
IT Consultancy Innovative Architects Reports Record Growth for 2008
During a time when many companies don't have good news to report, Innovative Architects (IA), an Atlanta-based information technology consulting firm and Microsoft Gold Certified Partner, proudly reports record growth in 2008. Innovative Architects experienced exceptional growth to top line revenue with an increase of 10% over 2007. With a team of over 35 fulltime technology consultants, IA completed cutting edge technology projects for leading companies headquartered throughout the United States including Microsoft, Bank of America, Coca-Cola Bottling, Disney Cruise Lines, and Wyndham Worldwide.
The company contributes its record-setting growth to continually delivering significant value and quality to its customers, resulting in recurring business, referrals, and increased brand recognition. IA also made several strategic hires in 2008, including Rich McCraw (VP Technology, MS VTS), Tony Baldwin (BI Practice Director), Kimberly Steele (Director of Business Development), and Renae Henderson (Director of Marketing).
"We are pleased with our success in 2008 and believe we are well positioned to achieve continued success and growth throughout 2009. Microsoft is seeing us more and more as a 'Go-To' Partner for Integration Server technologies, as well as strengthening our relationships with several key accounts. We have achieved great success by hiring and developing some of the top Microsoft technology consultants to add to our current team of experts," said Scott McMichaels, Vice President of Operations at Innovative Architects.
Innovative Architects showed appreciation to the local Atlanta community by donating nearly $30,000 in charitable contributions to various non-profit organizations throughout the Atlanta-area.
Innovative Architects is a Microsoft Gold Certified Partner, based in Duluth, GA, specializing in solving business problems with the Microsoft's enterprise software solutions including BizTalk, SharePoint, SQL Server, CRM, and VisualStudio.NET. Innovative Architects can offer a single point of delivery and support through the entire IT lifecycle, from envisioning through day-to-day operations. Our consultants and engineers have the necessary technical, architectural, and project management skills to help mitigate risk associated with business and technical constraints and organizational diversity. For more information about Innovative Architects, please contact Scott McMichael, 404-408-0016, or visit our website, www.InnovativeArchitects.com.
The company contributes its record-setting growth to continually delivering significant value and quality to its customers, resulting in recurring business, referrals, and increased brand recognition. IA also made several strategic hires in 2008, including Rich McCraw (VP Technology, MS VTS), Tony Baldwin (BI Practice Director), Kimberly Steele (Director of Business Development), and Renae Henderson (Director of Marketing).
"We are pleased with our success in 2008 and believe we are well positioned to achieve continued success and growth throughout 2009. Microsoft is seeing us more and more as a 'Go-To' Partner for Integration Server technologies, as well as strengthening our relationships with several key accounts. We have achieved great success by hiring and developing some of the top Microsoft technology consultants to add to our current team of experts," said Scott McMichaels, Vice President of Operations at Innovative Architects.
Innovative Architects showed appreciation to the local Atlanta community by donating nearly $30,000 in charitable contributions to various non-profit organizations throughout the Atlanta-area.
Innovative Architects is a Microsoft Gold Certified Partner, based in Duluth, GA, specializing in solving business problems with the Microsoft's enterprise software solutions including BizTalk, SharePoint, SQL Server, CRM, and VisualStudio.NET. Innovative Architects can offer a single point of delivery and support through the entire IT lifecycle, from envisioning through day-to-day operations. Our consultants and engineers have the necessary technical, architectural, and project management skills to help mitigate risk associated with business and technical constraints and organizational diversity. For more information about Innovative Architects, please contact Scott McMichael, 404-408-0016, or visit our website, www.InnovativeArchitects.com.
IT Consulting Firm Bluewolf Continues Commitment to Philanthropy in 2008
Despite the difficult economy in 2008, Bluewolf continued its commitment to philanthropy. Bluewolf developed its Technology Scholarship program for New York City High School students and was the marquee sponsor for the First Tee Annual Golf Tournament, for under-served youth in the San Francisco Bay area. In addition, Bluewolf has continually focused on helping non-profit organizations leverage Cloud Computing solutions to lower costs and provide innovation -- working with nonprofits such as UnitedWay, Points of Light, Curry Senior Center and many more. Bluewolf is the leading provider of Cloud Computing, SaaS and Remote Database Administration services.
“Philanthropy and giving back are an important part of our corporate culture,” said Michael Kirven, cofounder and principal of Bluewolf. “Not only do we financially support worthwhile programs such as the New York City scholarship and First Tee, but we also provide our technology consulting services at a discount to nonprofit organizations, such as The Curry Senior Center in San Francisco.”
"Bluewolf helped us implement Salesforce," said David Knego, Executive Director, Curry Senior Center, "this has greatly improved our abilities to recruit and manage volunteers, as well as streamline our day-to-day fundraising activities. We are so thankful to Bluewolf for providing such a valuable service."
In addition to its consulting work with non-profit organizations, many Bluewolf employees are involved in volunteer work. Chris Drake participates in the Berkeley Scholars for Cal Program, where he is a mentor, assisting teenagers in preparing for college. Brit Mason volunteers with Bikes for Education, a non-profit that gathers bikes to send to kids in Togo, West Africa.
About Bluewolf
Bluewolf is the leading Software as a Service, Open Source and Cloud Computing consulting company focusing on deployment, development and adoption of enterprise software applications. With eight years of SaaS experience, Bluewolf is defining a new style of consulting based on their Agile Consulting model that guarantees success and delivers on the promises of Cloud Computing. In addition, Bluewolf is a leader in providing remote Database Administration and IT resourcing services. Bluewolf clients include Dow Jones, ADP, General Electric and Fox Interactive Media.
“Philanthropy and giving back are an important part of our corporate culture,” said Michael Kirven, cofounder and principal of Bluewolf. “Not only do we financially support worthwhile programs such as the New York City scholarship and First Tee, but we also provide our technology consulting services at a discount to nonprofit organizations, such as The Curry Senior Center in San Francisco.”
"Bluewolf helped us implement Salesforce," said David Knego, Executive Director, Curry Senior Center, "this has greatly improved our abilities to recruit and manage volunteers, as well as streamline our day-to-day fundraising activities. We are so thankful to Bluewolf for providing such a valuable service."
In addition to its consulting work with non-profit organizations, many Bluewolf employees are involved in volunteer work. Chris Drake participates in the Berkeley Scholars for Cal Program, where he is a mentor, assisting teenagers in preparing for college. Brit Mason volunteers with Bikes for Education, a non-profit that gathers bikes to send to kids in Togo, West Africa.
About Bluewolf
Bluewolf is the leading Software as a Service, Open Source and Cloud Computing consulting company focusing on deployment, development and adoption of enterprise software applications. With eight years of SaaS experience, Bluewolf is defining a new style of consulting based on their Agile Consulting model that guarantees success and delivers on the promises of Cloud Computing. In addition, Bluewolf is a leader in providing remote Database Administration and IT resourcing services. Bluewolf clients include Dow Jones, ADP, General Electric and Fox Interactive Media.
PricewaterhouseCoopers Outlook: 2009 M&A Activity to be Fueled by 'Merger of Necessity'
The year 2008 was a challenging period for dealmakers. Mergers and acquisitions (M&A) in the United States (U.S.) were hampered by an ever dwindling credit market. Should current conditions continue into the new year and financing remain limited, M&A activity in 2009 will be on the light side with a few silver linings. The deal landscape will be dominated by distressed investments across sectors including financial services, automotive, consumer products and retail, according to the Transaction Services group of PricewaterhouseCoopers. "Troubled companies will look to align with larger, stronger players in order to survive, creating the perfect storm for mergers of necessity," stated Robert Filek, a partner in PricewaterhouseCoopers' Transaction Services group.
According to Thomson Reuters, announced U.S. activity through November 30, 2008 totaled roughly $1.1 trillion as compared to $1.6 trillion for the same period in 2007. Total deal volume for the 11 months of 2008 was 8,190, a 22 percent decrease from the same period in 2007. Trailing monthly deal volume from 2007 to November 2008 revealed a grim picture. During 2008, the lack of liquidity had affected acquirers' ability to do deals, especially private equity. The number of transactions by private equity acquirers through the end of November 2008 fell by 24 percent to 1,383; while deal value plummeted by 75 percent to $127.4 billion from $501.7 billion during the same period. Thus, private equity presented just 12 percent of the 2008's deal value, a significant plunge from 2007.
"Private equity players will be challenged to find new and innovative ways to put their money to work and to find deal mechanisms that can drive the kinds of returns their limited partners expect," stated Greg Peterson, a partner in PricewaterhouseCoopers' Transaction Services group. "Historically, it has been during a downturn when strategic buyers and private equity firms have their best buying opportunities, yielding the best returns. The key will be the availability of financing."
The latest available U.S. bankruptcy data shows there are growing opportunities in buying troubled assets. The number of U.S. businesses filing for bankruptcy has been on the rise. In the first half of 2008, business bankruptcy filings totaled 18,456, the highest half year total since the second half of 2005 (American Bankruptcy Institute). It has been widely reported private equity firms are actively raising distressed funds to invest in these assets. According to Private Equity Intelligence, distressed funds have raised a total of $36.8 billion in the first half of 2008, signaling activity to come.
President-elect Obama's stimulus plan may generate opportunities for both private equity and corporate buyers. The plan emphasizes investments in the nation's infrastructure (roads, bridges, hospitals and schools), energy efficiency and technology to increase broadband access and effectiveness in healthcare. The investment in infrastructure appeals to private equity acquirers as they have been active in seeking infrastructure opportunities and raising funds to focus on this sector. Peterson stated, "There are also strong financial incentives for state and municipal governments to enter into public-private partnerships in infrastructure to limit the stress on their finances."
During 2008, companies not only turned to sovereign funds for cash infusions, but they are relying on PIPEs (private investment in public equities) as well. As of December 12th, PIPE transactions totaled $109.7 billion, surpassing the 2007 full year amount of $83.5 billion (PlacementTracker, a unit of Sagient Research Systems, Inc.). This trend is likely to carry into 2009. Both Filek and Peterson concurred that executing deals in 2009 will be challenging and the biggest issue for private equity and corporate buyers alike remains financing.
Sectors that continue to present opportunities include...
* Financial services -- According to the Sovereign Wealth Fund Institute, from March 2007 to April 2008, sovereign funds poured $44.9 billion into banks. With results to date under scrutiny, we look for more traditional consolidation to drive results in 2009. Banks of scale have significant cost advantages in a challenging market; it will be hard for small mid tier banks to go alone in this market. Look for continued government encouraged consolidation. Insurance companies will also look to shore up financial strength through consolidation. Asset Management companies will also likely continue to see interest from acquirers.
* Energy -- The decline in stock prices over the past several months has created opportunities to acquire regulated utility or merchant companies and generation assets at a discount versus historical multiples. Strategic buyers with sufficient liquidity may be positioned to take advantage of these circumstances. The timing of the economic turnaround and the impact of President-elect Obama's Energy policy should also have a significant impact on sector M&A activity.
In the oil and gas sector, commodity price volatility has widened the gap between buyer and seller expectations. Until this gap narrows, oil and gas M&A activity will be on the quiet side.
* Automotive -- With the industry facing one of its toughest battles to ward off the potential of bankruptcy, look for activity to be on hold until there is visibility to a long term U.S. automotive restructuring plan.
* Consumer products -- Watch for the stability of consumer products to attract corporate buyers to execute on their long term strategic plans. As many high quality companies may get thrown out with the bath water, patient consolidators will take advantage of favorable pricing to achieve their strategic goals.
* Healthcare -- The new administration's goals include expanding access to quality and affordable health insurance, modernizing healthcare, reducing costs, and promoting public health, prevention and wellness. This will create an uptick in 2009. There will be opportunities across healthcare sectors including healthcare information technology, Medicaid managed care, pharmaceuticals with drug companies seeking to fill their pipeline through acquisitions and medical devices, with larger companies acquiring smaller, capital constrained, device companies.
* Technology -- Look for aggressive acquisition activity from industry leaders in Internet, Software, Computers and Networking as they take advantage of once in a decade low prices to pursue strategic portfolio fill-ins as well as cross-sector transformative deals. With venture capital and IPO funding sources effectively closed, smaller players will increasingly look to partnerships, alliances and all out acquisitions for exit, further feeding the pipeline. Semiconductors will likely sit-out the first half of the year as they focus on internal restructurings but look for divestitures and possible consolidation later in 2009. Clean technology will either continue to simmer or come to a full boil, pending early decisions on infrastructure and incentives by the incoming Obama administration. The President elect's plan to increase broadband access, improve healthcare technology and focus on broader "green" technologies has the potential to spur additional activity across all industry subsectors.
* Retail -- The cutback in consumer spending has led retail businesses to file chapter 11 or feel the pinch in their balance sheets. Everyone is anxious to see which retailers will perform well over the holiday season. The key will be who did the best job anticipating consumer demand and adequately stocked their stores while not over extending their balance sheet. After the holiday season, this sector may present opportunities for distressed investors. Retail companies looking to grow may find opportunities in discounted lease rates on prime real estate.
Other factors influencing M&A activity in 2009 may include the following scenarios:
* Always excited about emerging markets, but thought the prices were too high? -- The next 18 months may be the chance for interested parties to join the game. Watch for the less commodity dependent emerging markets to lead us out of the slump in deal activity. Brazil, India and China will begin to look attractive to those who sat on the sidelines over the last five years.
* Private equity evolves as an industry -- One of the key issues facing the industry will be any potential change in tax policy in the U.S. around carried interest and capital gains. And with the dry spell in M&A activity and lack of financing, the new year will test the private equity business model. However, private equity is creative: look for innovative structures and niche financing to drive activity in 2009.
* The wild card -- Could public company valuations get so low that the public to private transaction could re-emerge? Consider public companies where the stock price is equal to the cash value of their shares: at some point valuations are just too compelling and these transactions could emerge.
How accurate was our 2008 forecast?*
"If debt markets hold up" disruption in the U.S. credit markets would create some favorable valuation opportunities for buyers in 2008.
Correct. Debt markets went dry in 2008. Average multiples (deal price to target's EBITDA) on U.S. targets for the 4th quarter of 2008 stood at 11.7x as of November 17, 2008, a drop from 12.6x in the third quarter of 2008 and from 13.2x in the fourth quarter of 2007 (Dealogic). However, valuations did not come down in line with liquidity; nonetheless, we are seeing competitive valuations in the infrastructure area.
U.S. M&A activity would be dominated by cross-border and corporate activity.
Correct. For the first 11 months of 2008, total corporate deal value was $949.4 billion, representing 88 percent of the U.S. total, up from 2007's annual contribution of 69 percent. Foreign activity in the U.S. was going strong up to the last quarter of 2008. For the first nine months of 2008, foreign activity totaled $314.6 billion, up from $287.5 billion for the same period in the prior year (Thomson Reuters). However, foreign interest dropped sharply in October and November of 2008.
The middle market will continue to be active in 2008.
Partially correct. Despite the credit crunch, U.S. middle market activity (deals valued up to $1 billion) held steady during the most part of 2008, but eventually slowed due to continued financial woes.
Private equity firms would need to reinvent themselves in the challenging credit environment.
Correct. Private equity firms looked for alternative ways to deploy capital focusing on distressed investing, PIPEs, partnering with corporate buyers and minority investments. According to PlacementTracker, as of November 14th, 2008, private equity invested about $19.1 billion in PIPEs compared with just $3.4 billion in 2007.
Energy, healthcare, financial services, consumer products, media entertainment and technology would present the most M&A opportunities.
Partially correct. Five out of six correct. The six most active sectors, measured by deal value for the 11 months of 2008, were financial services with $231.1 billion, healthcare with $170.0 billion, energy with $148.2 billion, consumer products with $142.1 billion, technology with $127.6 billion and industrial products with $119.8 billion.
Private equity and corporate strategic venture combinations would continue to evolve.
Correct. Private equity proved to be very patient money in 2008, but in 2008 there were partnerships between private equity and corporate for specific sector opportunities. For example, NBC Universal partnered with Blackstone and Bain Capital to acquire the Weather Channel for $3.5 billion, and the investor group consisting of Fortress Investment Group, Centerbridge Partners, Deutsche Bank and Wachovia partnered to buy Penn National Gaming for $1.3 billion.
Sovereign wealth funds would play an active role in M&A.
Correct. Sovereign funds stepped up with capital for cash-strapped banks, pouring $30.8 billion into just three financial services firms: Citigroup, Merrill Lynch and Morgan Stanley from March 2007 to April 2008 (Sovereign Wealth Fund Institute).
If U.S. businesses continued to file for bankruptcy at the rate of filings in the first three months of 2008, distressed M&A activity would rise.
Correct. The continued recession drove further bankruptcies, with M&A now likely to be dominated by activity in distressed sectors.
*The accuracy of our previous forecast does not guarantee future accuracy.
The Transaction Services group of PricewaterhouseCoopers offers a deal process that helps clients bid smarter, close faster and realize profits sooner on mergers, acquisitions, sales and financing transactions. For companies raising money on U.S. or overseas capital markets, we offer a strategic perspective, practical solutions and a holistic service approach that helps management anticipate and resolve a broad array of transaction, financial reporting, and registration process challenges before they can have a negative impact on deal value or timing. Our global network of over 4,000 transaction professionals and more than 400 capital markets specialists operate from 16 U.S. cities and some 90 locations in North America, Latin America, Europe and Asia.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
According to Thomson Reuters, announced U.S. activity through November 30, 2008 totaled roughly $1.1 trillion as compared to $1.6 trillion for the same period in 2007. Total deal volume for the 11 months of 2008 was 8,190, a 22 percent decrease from the same period in 2007. Trailing monthly deal volume from 2007 to November 2008 revealed a grim picture. During 2008, the lack of liquidity had affected acquirers' ability to do deals, especially private equity. The number of transactions by private equity acquirers through the end of November 2008 fell by 24 percent to 1,383; while deal value plummeted by 75 percent to $127.4 billion from $501.7 billion during the same period. Thus, private equity presented just 12 percent of the 2008's deal value, a significant plunge from 2007.
"Private equity players will be challenged to find new and innovative ways to put their money to work and to find deal mechanisms that can drive the kinds of returns their limited partners expect," stated Greg Peterson, a partner in PricewaterhouseCoopers' Transaction Services group. "Historically, it has been during a downturn when strategic buyers and private equity firms have their best buying opportunities, yielding the best returns. The key will be the availability of financing."
The latest available U.S. bankruptcy data shows there are growing opportunities in buying troubled assets. The number of U.S. businesses filing for bankruptcy has been on the rise. In the first half of 2008, business bankruptcy filings totaled 18,456, the highest half year total since the second half of 2005 (American Bankruptcy Institute). It has been widely reported private equity firms are actively raising distressed funds to invest in these assets. According to Private Equity Intelligence, distressed funds have raised a total of $36.8 billion in the first half of 2008, signaling activity to come.
President-elect Obama's stimulus plan may generate opportunities for both private equity and corporate buyers. The plan emphasizes investments in the nation's infrastructure (roads, bridges, hospitals and schools), energy efficiency and technology to increase broadband access and effectiveness in healthcare. The investment in infrastructure appeals to private equity acquirers as they have been active in seeking infrastructure opportunities and raising funds to focus on this sector. Peterson stated, "There are also strong financial incentives for state and municipal governments to enter into public-private partnerships in infrastructure to limit the stress on their finances."
During 2008, companies not only turned to sovereign funds for cash infusions, but they are relying on PIPEs (private investment in public equities) as well. As of December 12th, PIPE transactions totaled $109.7 billion, surpassing the 2007 full year amount of $83.5 billion (PlacementTracker, a unit of Sagient Research Systems, Inc.). This trend is likely to carry into 2009. Both Filek and Peterson concurred that executing deals in 2009 will be challenging and the biggest issue for private equity and corporate buyers alike remains financing.
Sectors that continue to present opportunities include...
* Financial services -- According to the Sovereign Wealth Fund Institute, from March 2007 to April 2008, sovereign funds poured $44.9 billion into banks. With results to date under scrutiny, we look for more traditional consolidation to drive results in 2009. Banks of scale have significant cost advantages in a challenging market; it will be hard for small mid tier banks to go alone in this market. Look for continued government encouraged consolidation. Insurance companies will also look to shore up financial strength through consolidation. Asset Management companies will also likely continue to see interest from acquirers.
* Energy -- The decline in stock prices over the past several months has created opportunities to acquire regulated utility or merchant companies and generation assets at a discount versus historical multiples. Strategic buyers with sufficient liquidity may be positioned to take advantage of these circumstances. The timing of the economic turnaround and the impact of President-elect Obama's Energy policy should also have a significant impact on sector M&A activity.
In the oil and gas sector, commodity price volatility has widened the gap between buyer and seller expectations. Until this gap narrows, oil and gas M&A activity will be on the quiet side.
* Automotive -- With the industry facing one of its toughest battles to ward off the potential of bankruptcy, look for activity to be on hold until there is visibility to a long term U.S. automotive restructuring plan.
* Consumer products -- Watch for the stability of consumer products to attract corporate buyers to execute on their long term strategic plans. As many high quality companies may get thrown out with the bath water, patient consolidators will take advantage of favorable pricing to achieve their strategic goals.
* Healthcare -- The new administration's goals include expanding access to quality and affordable health insurance, modernizing healthcare, reducing costs, and promoting public health, prevention and wellness. This will create an uptick in 2009. There will be opportunities across healthcare sectors including healthcare information technology, Medicaid managed care, pharmaceuticals with drug companies seeking to fill their pipeline through acquisitions and medical devices, with larger companies acquiring smaller, capital constrained, device companies.
* Technology -- Look for aggressive acquisition activity from industry leaders in Internet, Software, Computers and Networking as they take advantage of once in a decade low prices to pursue strategic portfolio fill-ins as well as cross-sector transformative deals. With venture capital and IPO funding sources effectively closed, smaller players will increasingly look to partnerships, alliances and all out acquisitions for exit, further feeding the pipeline. Semiconductors will likely sit-out the first half of the year as they focus on internal restructurings but look for divestitures and possible consolidation later in 2009. Clean technology will either continue to simmer or come to a full boil, pending early decisions on infrastructure and incentives by the incoming Obama administration. The President elect's plan to increase broadband access, improve healthcare technology and focus on broader "green" technologies has the potential to spur additional activity across all industry subsectors.
* Retail -- The cutback in consumer spending has led retail businesses to file chapter 11 or feel the pinch in their balance sheets. Everyone is anxious to see which retailers will perform well over the holiday season. The key will be who did the best job anticipating consumer demand and adequately stocked their stores while not over extending their balance sheet. After the holiday season, this sector may present opportunities for distressed investors. Retail companies looking to grow may find opportunities in discounted lease rates on prime real estate.
Other factors influencing M&A activity in 2009 may include the following scenarios:
* Always excited about emerging markets, but thought the prices were too high? -- The next 18 months may be the chance for interested parties to join the game. Watch for the less commodity dependent emerging markets to lead us out of the slump in deal activity. Brazil, India and China will begin to look attractive to those who sat on the sidelines over the last five years.
* Private equity evolves as an industry -- One of the key issues facing the industry will be any potential change in tax policy in the U.S. around carried interest and capital gains. And with the dry spell in M&A activity and lack of financing, the new year will test the private equity business model. However, private equity is creative: look for innovative structures and niche financing to drive activity in 2009.
* The wild card -- Could public company valuations get so low that the public to private transaction could re-emerge? Consider public companies where the stock price is equal to the cash value of their shares: at some point valuations are just too compelling and these transactions could emerge.
How accurate was our 2008 forecast?*
"If debt markets hold up" disruption in the U.S. credit markets would create some favorable valuation opportunities for buyers in 2008.
Correct. Debt markets went dry in 2008. Average multiples (deal price to target's EBITDA) on U.S. targets for the 4th quarter of 2008 stood at 11.7x as of November 17, 2008, a drop from 12.6x in the third quarter of 2008 and from 13.2x in the fourth quarter of 2007 (Dealogic). However, valuations did not come down in line with liquidity; nonetheless, we are seeing competitive valuations in the infrastructure area.
U.S. M&A activity would be dominated by cross-border and corporate activity.
Correct. For the first 11 months of 2008, total corporate deal value was $949.4 billion, representing 88 percent of the U.S. total, up from 2007's annual contribution of 69 percent. Foreign activity in the U.S. was going strong up to the last quarter of 2008. For the first nine months of 2008, foreign activity totaled $314.6 billion, up from $287.5 billion for the same period in the prior year (Thomson Reuters). However, foreign interest dropped sharply in October and November of 2008.
The middle market will continue to be active in 2008.
Partially correct. Despite the credit crunch, U.S. middle market activity (deals valued up to $1 billion) held steady during the most part of 2008, but eventually slowed due to continued financial woes.
Private equity firms would need to reinvent themselves in the challenging credit environment.
Correct. Private equity firms looked for alternative ways to deploy capital focusing on distressed investing, PIPEs, partnering with corporate buyers and minority investments. According to PlacementTracker, as of November 14th, 2008, private equity invested about $19.1 billion in PIPEs compared with just $3.4 billion in 2007.
Energy, healthcare, financial services, consumer products, media entertainment and technology would present the most M&A opportunities.
Partially correct. Five out of six correct. The six most active sectors, measured by deal value for the 11 months of 2008, were financial services with $231.1 billion, healthcare with $170.0 billion, energy with $148.2 billion, consumer products with $142.1 billion, technology with $127.6 billion and industrial products with $119.8 billion.
Private equity and corporate strategic venture combinations would continue to evolve.
Correct. Private equity proved to be very patient money in 2008, but in 2008 there were partnerships between private equity and corporate for specific sector opportunities. For example, NBC Universal partnered with Blackstone and Bain Capital to acquire the Weather Channel for $3.5 billion, and the investor group consisting of Fortress Investment Group, Centerbridge Partners, Deutsche Bank and Wachovia partnered to buy Penn National Gaming for $1.3 billion.
Sovereign wealth funds would play an active role in M&A.
Correct. Sovereign funds stepped up with capital for cash-strapped banks, pouring $30.8 billion into just three financial services firms: Citigroup, Merrill Lynch and Morgan Stanley from March 2007 to April 2008 (Sovereign Wealth Fund Institute).
If U.S. businesses continued to file for bankruptcy at the rate of filings in the first three months of 2008, distressed M&A activity would rise.
Correct. The continued recession drove further bankruptcies, with M&A now likely to be dominated by activity in distressed sectors.
*The accuracy of our previous forecast does not guarantee future accuracy.
The Transaction Services group of PricewaterhouseCoopers offers a deal process that helps clients bid smarter, close faster and realize profits sooner on mergers, acquisitions, sales and financing transactions. For companies raising money on U.S. or overseas capital markets, we offer a strategic perspective, practical solutions and a holistic service approach that helps management anticipate and resolve a broad array of transaction, financial reporting, and registration process challenges before they can have a negative impact on deal value or timing. Our global network of over 4,000 transaction professionals and more than 400 capital markets specialists operate from 16 U.S. cities and some 90 locations in North America, Latin America, Europe and Asia.
PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 155,000 people in 153 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
Monday, December 22, 2008
Emerald Consulting Launches Business Mentor Newsletter
Business Mentor Weekly is a business mentoring newsletter built upon proven principles and concepts developed by business gurus like Peter F. Drucker and W. Edwards Deming.
The "Business Mentor Weekly" e-newsletter is edited for use in our current business climate by MBA business consultant Mike Adams who has more than 30 years experience building companies.
The Business Mentor Weekly newsletter is designed to help managers develop skills to identify and grow their strengths while becoming more effective in an economic crisis.
Mentoring in the newsletter is based upon the premise that becoming effective is totally dependent upon a manager working within his or her strengths and abilities to identify the right things to do, document how to do them and implement them in an effective manner. Without first discovering what the right things are, companies are doomed to the incredibly expensive practice of growing efficiencies doing things that do not matter, a problem the auto industry, for example, is plagued with. Industry Leaders and business managers can receive mentoring in these and other critical ideas and strategies by signing up to receive the Business Mentor Weekly Newsletter.
People can only perform from strengths, and knowing principles and concepts, which help them work on the right things helps them become more effective in a time when America desperately needs them. The Business Mentor Weekly is designed to assist managers in getting the right people to do the right things, (being effective) the right way, (being efficient.)
The author of the Business Mentor Weekly is Mike Adams. Mike is a serial entrepreneur who has founded 10 companies over the last 30 years including retail, distribution, business systems, services and e-commerce companies. From 1989 until today Mike has been researching the dynamics of applied leadership and business strategy relative to its effects on the outcomes of business practices.
www.emerald-business-services.com/newsletter/
The "Business Mentor Weekly" e-newsletter is edited for use in our current business climate by MBA business consultant Mike Adams who has more than 30 years experience building companies.
The Business Mentor Weekly newsletter is designed to help managers develop skills to identify and grow their strengths while becoming more effective in an economic crisis.
Mentoring in the newsletter is based upon the premise that becoming effective is totally dependent upon a manager working within his or her strengths and abilities to identify the right things to do, document how to do them and implement them in an effective manner. Without first discovering what the right things are, companies are doomed to the incredibly expensive practice of growing efficiencies doing things that do not matter, a problem the auto industry, for example, is plagued with. Industry Leaders and business managers can receive mentoring in these and other critical ideas and strategies by signing up to receive the Business Mentor Weekly Newsletter.
People can only perform from strengths, and knowing principles and concepts, which help them work on the right things helps them become more effective in a time when America desperately needs them. The Business Mentor Weekly is designed to assist managers in getting the right people to do the right things, (being effective) the right way, (being efficient.)
The author of the Business Mentor Weekly is Mike Adams. Mike is a serial entrepreneur who has founded 10 companies over the last 30 years including retail, distribution, business systems, services and e-commerce companies. From 1989 until today Mike has been researching the dynamics of applied leadership and business strategy relative to its effects on the outcomes of business practices.
www.emerald-business-services.com/newsletter/
Paradigm Technology Consulting, LLC Named 2008 Technology Pacesetter by Accounting Technology Magazine
Paradigm Technology Consulting, LLC (PTC), an East Windsor, NJ based provider of business solutions and services for small and mid-market businesses, was chosen as one of the select 100 Pacesetters for 2008 by Accounting Technology magazine.
Every year, Accounting Technology recognizes 100 leaders in the accounting technology profession. The special feature described pacesetters as companies that "distinguish themselves through their performance." Additional factors considered by the selection committee include "awards won by the organization, leadership, industry reputation and growth."
Paradigm attributes its success and outstanding growth to its strong client relationships, business and product experience and exceptional knowledge base.
About Paradigm Technology Consulting, LLC (PTC)
PTC works with companies of all sizes to help them define their business processes and assess technology requirements. PTC's consultants combine outstanding real world experience with strong technical skills to solve even the most complex business and technology problems. Founded in 1999, PTC has been helping companies fulfill their business management and information technology needs. PTC's primary business service is developing, implementing and delivering quality, complete solutions, which enable companies to gain a competitive advantage in today's demanding marketplace. PTC is a Microsoft Gold Certified Partner with competencies in Business Solutions, Networking Infrastructure Solutions, Advanced Infrastructure Solutions and Data Management Solutions. Offices are located in East Windsor, New Jersey and New York City, New York.
Every year, Accounting Technology recognizes 100 leaders in the accounting technology profession. The special feature described pacesetters as companies that "distinguish themselves through their performance." Additional factors considered by the selection committee include "awards won by the organization, leadership, industry reputation and growth."
Paradigm attributes its success and outstanding growth to its strong client relationships, business and product experience and exceptional knowledge base.
About Paradigm Technology Consulting, LLC (PTC)
PTC works with companies of all sizes to help them define their business processes and assess technology requirements. PTC's consultants combine outstanding real world experience with strong technical skills to solve even the most complex business and technology problems. Founded in 1999, PTC has been helping companies fulfill their business management and information technology needs. PTC's primary business service is developing, implementing and delivering quality, complete solutions, which enable companies to gain a competitive advantage in today's demanding marketplace. PTC is a Microsoft Gold Certified Partner with competencies in Business Solutions, Networking Infrastructure Solutions, Advanced Infrastructure Solutions and Data Management Solutions. Offices are located in East Windsor, New Jersey and New York City, New York.
Gary Hubbell Consulting to Provide Sacred Heart Medical Center & Children’s Foundations with Consulting Services to Plan a Capital Campaign
Gary Hubbell Consulting, LLC, has been retained by Sacred Heart Medical Center and Children’s Foundations of Spokane, Washington. Hubbell will consult with Foundation leaders as they consider a major capital campaign.
Sacred Heart Medical Center and Children’s Hospital is part of Providence Health Care. PHC is part of Providence Health & Services, comprising a network of hospitals and agencies specific to the Eastern Washington geographic area. Sacred Heart Medical Center is planning numerous capital intensive projects around which community support is sought in coming years. Chief among the current project interest is a comprehensive cancer center and construction, renovation and expansion of the pediatric emergency department.
Gary Hubbell Consulting will work with Foundation leaders to discover how a campaign can be optimally positioned for prompt implementation and can be leveraged to achieve greater organizational capacity for philanthropy growth in the future. Leadership anticipate conducting donor and community opinion interviews in early January, the results of which will help with Foundation planning
Joyce Cameron, Foundations Executive Director says "We are thrilled to be working with Gary Hubbell and his professional staff. This is a very challenging time in philanthropy and with Gary's years of experience and expertise, the campaign planning study will help guide us toward a successful campaign."
In addition to consulting, Hubbell is an active author, speaker and researcher. His first book, Forces of Change: The Coming Challenges in Hospital Philanthropy (Association of Healthcare Philanthropy), was published in 2005. With co-author Mary Reinders, he published his second book, Lessons from Benchmarking: Fast-Forwarding the Maturity of the Fundraising Operation in 2007. His third book Staff-Led Feasibility: How to Design and Conduct your Own Fundraising Feasibility Study will be published in January 2009. All books are available at www.Amazon.com, through the Association of Healthcare Philanthropy (www.ahp.org), and through On The Cusp Publishing (www.OnTheCuspPublishing.com).
Gary Hubbell Consulting works with organizations on the cusp of doing great things – articulating innovative philanthropy models, engaging board members and stakeholders in unprecedented ways, sparking transformational change within organizations and communities. Gary listens to clients with an ear for key issues and an eye on the horizon. No issue or opportunity appears in isolation. Gary’s deep knowledge and innate ability helps organizations see through an ever more chaotic marketplace with clarity and agility. He brings research and resources to help you view opportunities and challenges in new ways. For more information, call 414-962-6696, or visit online at www.garyhubbellconsulting.com.
Sacred Heart Medical Center and Children’s Hospital is part of Providence Health Care. PHC is part of Providence Health & Services, comprising a network of hospitals and agencies specific to the Eastern Washington geographic area. Sacred Heart Medical Center is planning numerous capital intensive projects around which community support is sought in coming years. Chief among the current project interest is a comprehensive cancer center and construction, renovation and expansion of the pediatric emergency department.
Gary Hubbell Consulting will work with Foundation leaders to discover how a campaign can be optimally positioned for prompt implementation and can be leveraged to achieve greater organizational capacity for philanthropy growth in the future. Leadership anticipate conducting donor and community opinion interviews in early January, the results of which will help with Foundation planning
Joyce Cameron, Foundations Executive Director says "We are thrilled to be working with Gary Hubbell and his professional staff. This is a very challenging time in philanthropy and with Gary's years of experience and expertise, the campaign planning study will help guide us toward a successful campaign."
In addition to consulting, Hubbell is an active author, speaker and researcher. His first book, Forces of Change: The Coming Challenges in Hospital Philanthropy (Association of Healthcare Philanthropy), was published in 2005. With co-author Mary Reinders, he published his second book, Lessons from Benchmarking: Fast-Forwarding the Maturity of the Fundraising Operation in 2007. His third book Staff-Led Feasibility: How to Design and Conduct your Own Fundraising Feasibility Study will be published in January 2009. All books are available at www.Amazon.com, through the Association of Healthcare Philanthropy (www.ahp.org), and through On The Cusp Publishing (www.OnTheCuspPublishing.com).
Gary Hubbell Consulting works with organizations on the cusp of doing great things – articulating innovative philanthropy models, engaging board members and stakeholders in unprecedented ways, sparking transformational change within organizations and communities. Gary listens to clients with an ear for key issues and an eye on the horizon. No issue or opportunity appears in isolation. Gary’s deep knowledge and innate ability helps organizations see through an ever more chaotic marketplace with clarity and agility. He brings research and resources to help you view opportunities and challenges in new ways. For more information, call 414-962-6696, or visit online at www.garyhubbellconsulting.com.
Wincor Nixdorf Expands Bank Consulting in Business Intelligence
Wincor Nixdorf AG is enhancing its consulting portfolio for the banking business.
According to a news release, Wincor Nixdorf plans to expand its business intelligence into its overall consulting business. Wincor Nixdorf says it is responding to the increased demand for specialized knowledge in the area of designing and integrating business-intelligence solutions.
A Business Week survey, in which some 700 European and American companies were polled, shows that nearly 80 percent of managers complain that they have insufficient or imprecise information for important business decisions. The same number of managers also reported knowing of bad decisions that were made on the basis of insufficient information.
"First, we analyze the starting situation, pin down goals and develop the project strategy," Wincor says. "In a second step, we identify the various processes and user concerns, define the key figures and determine the recipients, contents and structure of the reports. These first two steps are followed by the development of the new process and system design. A test environment is developed on this basis and a prototype BI solution installed. System, applications and data quality are then examined in a test phase, after which the system is configured and is put into operation."
According to a news release, Wincor Nixdorf plans to expand its business intelligence into its overall consulting business. Wincor Nixdorf says it is responding to the increased demand for specialized knowledge in the area of designing and integrating business-intelligence solutions.
A Business Week survey, in which some 700 European and American companies were polled, shows that nearly 80 percent of managers complain that they have insufficient or imprecise information for important business decisions. The same number of managers also reported knowing of bad decisions that were made on the basis of insufficient information.
"First, we analyze the starting situation, pin down goals and develop the project strategy," Wincor says. "In a second step, we identify the various processes and user concerns, define the key figures and determine the recipients, contents and structure of the reports. These first two steps are followed by the development of the new process and system design. A test environment is developed on this basis and a prototype BI solution installed. System, applications and data quality are then examined in a test phase, after which the system is configured and is put into operation."
Accenture Rises to Six-Week High on Strong Q1 Report
Accenture (ACN | Quote | Chart | News | PowerRating) surged to a six-week high on a strong first-quarter earnings report. The stock rose to $32.21, up $1.80 for the session. Shares gained for a sixth straight session.
The company's net income for the first quarter increased to $479.87 million or $0.74 per share from $381.29 million or $0.60 per share in the comparable quarter last year. Wall Street expected the company to earn $0.68 per share for the quarter. Analyst estimate typically excludes special items.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved
For full details on Accenture Ltd (ACN) click here. Accenture Ltd (ACN) has Short Term PowerRatings of 3. Details on Accenture Ltd (ACN) Short Term PowerRatings is available at this link.
The company's net income for the first quarter increased to $479.87 million or $0.74 per share from $381.29 million or $0.60 per share in the comparable quarter last year. Wall Street expected the company to earn $0.68 per share for the quarter. Analyst estimate typically excludes special items.
For comments and feedback: contact editorial@rttnews.com Copyright(c) 2008 RealTimeTraders.com, Inc. All Rights Reserved
For full details on Accenture Ltd (ACN) click here. Accenture Ltd (ACN) has Short Term PowerRatings of 3. Details on Accenture Ltd (ACN) Short Term PowerRatings is available at this link.
Ernst & Young: Banking Execs Cite Challenges to Risk Management
The credit crunch reinforces the need to focus on risk management, but only 14% of top executives at nearly 40 global banks say they have a consolidated view of risk, Ernst & Young reports.
"Seventy-five percent of the leaders we spoke with in Canada and around the world said creating a risk-aware culture throughout their organization was vitally important," explains Paul Battista, Ernst & Young Partner in Toronto.
"One of this year's biggest lessons is that unidentified risk can lead to catastrophic results. We now need to be prepared for the unexpected. But these
organizations are facing real obstacles as they work to achieve that."
In Navigating the crisis, Ernst & Young's second annual study on risk
governance, the firm noted organizational silos, decentralization of resources
and decision-making, inadequate forecasting, and lack of transparent reporting
as the major barriers to effective enterprise-wide risk management.
Battista says if the phrase "risk management" was viewed in the past as a narrow and often little-understood domain, this year's dramatic events have highlighted how central risk management is to an organization's very survival.
"The current crisis has reminded banks - as well as all other organizations - of the need to build and effectively maintain strategic risk management programs now if they want to succeed in 2009 and beyond," Battista says. "Risk management must become top-of-mind for everyone within an organization if we're going to create a stronger culture of risk awareness in banks."
That means addressing issues like weaknesses in risk governance, as well as the need for improved collaboration between risk and finance, through both top-down and bottom-up approaches.
Respondents unanimously agreed that in order to create a more pervasive culture of risk awareness in the banks, the discussion of risk must be elevated to the strategic level by encouraging much closer collaboration across functions, business units and risk classes.
<<
Other key survey findings include:
- Eighty-six percent of those surveyed indicated that their banks are
implementing a variety of projects designed to provide a more
comprehensive approach to risk. However, only 16% said they have a
well-defined, shared vision of what that would look like.
- Respondents consistently cited the need for better information flow
and reporting in the area of risk. Poor data quality, gaps in data
flow, and the sheer volume of data are just a few challenges banks
face.
- Sixty-seven percent of executives indicated that they were underway
with the process of implementing consolidated risk reporting across
their organizations, but only 9% felt they have truly been able to
aggregate data across the enterprise.
- A vast majority of this year's survey respondents said their
organizations do not have well-defined, rigorous processes for
forecasting risk. However, all recognized the need to strengthen
forecasting by developing more formal processes and more forward-
looking risk-assessment tools.
>>
About the study
Ernst & Young commissioned Broderick & Company, an independent market strategy firm, to conduct a global market survey of key industry opinion leaders from leading banks. From May through October 2008, Broderick completed in-depth, qualitative interviews with 48 senior executives from 36 major banking institutions around the world, including Canada. Interviewees included a mix of senior executives in each organization, including chief financial officers, chief risk officers and heads of business units, as well as heads of functional divisions including finance, operational risk, internal audit, compliance, legal and strategy. For the full study, Navigating the crisis, please visit ey.com/banking.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 135,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities achieve their
potential. For more information, please visit ey.com/ca.
"Seventy-five percent of the leaders we spoke with in Canada and around the world said creating a risk-aware culture throughout their organization was vitally important," explains Paul Battista, Ernst & Young Partner in Toronto.
"One of this year's biggest lessons is that unidentified risk can lead to catastrophic results. We now need to be prepared for the unexpected. But these
organizations are facing real obstacles as they work to achieve that."
In Navigating the crisis, Ernst & Young's second annual study on risk
governance, the firm noted organizational silos, decentralization of resources
and decision-making, inadequate forecasting, and lack of transparent reporting
as the major barriers to effective enterprise-wide risk management.
Battista says if the phrase "risk management" was viewed in the past as a narrow and often little-understood domain, this year's dramatic events have highlighted how central risk management is to an organization's very survival.
"The current crisis has reminded banks - as well as all other organizations - of the need to build and effectively maintain strategic risk management programs now if they want to succeed in 2009 and beyond," Battista says. "Risk management must become top-of-mind for everyone within an organization if we're going to create a stronger culture of risk awareness in banks."
That means addressing issues like weaknesses in risk governance, as well as the need for improved collaboration between risk and finance, through both top-down and bottom-up approaches.
Respondents unanimously agreed that in order to create a more pervasive culture of risk awareness in the banks, the discussion of risk must be elevated to the strategic level by encouraging much closer collaboration across functions, business units and risk classes.
<<
Other key survey findings include:
- Eighty-six percent of those surveyed indicated that their banks are
implementing a variety of projects designed to provide a more
comprehensive approach to risk. However, only 16% said they have a
well-defined, shared vision of what that would look like.
- Respondents consistently cited the need for better information flow
and reporting in the area of risk. Poor data quality, gaps in data
flow, and the sheer volume of data are just a few challenges banks
face.
- Sixty-seven percent of executives indicated that they were underway
with the process of implementing consolidated risk reporting across
their organizations, but only 9% felt they have truly been able to
aggregate data across the enterprise.
- A vast majority of this year's survey respondents said their
organizations do not have well-defined, rigorous processes for
forecasting risk. However, all recognized the need to strengthen
forecasting by developing more formal processes and more forward-
looking risk-assessment tools.
>>
About the study
Ernst & Young commissioned Broderick & Company, an independent market strategy firm, to conduct a global market survey of key industry opinion leaders from leading banks. From May through October 2008, Broderick completed in-depth, qualitative interviews with 48 senior executives from 36 major banking institutions around the world, including Canada. Interviewees included a mix of senior executives in each organization, including chief financial officers, chief risk officers and heads of business units, as well as heads of functional divisions including finance, operational risk, internal audit, compliance, legal and strategy. For the full study, Navigating the crisis, please visit ey.com/banking.
About Ernst & Young
Ernst & Young is a global leader in assurance, tax, transaction and
advisory services. Worldwide, our 135,000 people are united by our shared
values and an unwavering commitment to quality. We make a difference by
helping our people, our clients and our wider communities achieve their
potential. For more information, please visit ey.com/ca.
Connecticut Sage MAS 90 and 200 Consulting Firm Named One of 100 Techology Pacesetters for 2008
The editors of Accounting Technology are pleased to announce that Schulz Consulting has been chosen as a Technology Pacesetter for 2008.
The magazine, published 11 times annually by SourceMedia Inc., each year gives this award to 100 organizations that market financial midmarket applications.
“Pacesetters are selected for a wide range of criteria, such as substantial growth, their leaderships’ influence and involvement in the accounting software community, and recognition from the companies whose software they market,” said Robert Scott, editor of Accounting Technology. “All of these factors help us recognize quality businesses, regardless of size.”
Most companies in the accounting software channel market a wide range of technology software and services. However, financial software remains the focus of their operations.
Schulz Consulting distinguishes themselves by receiving this award for the fourth consecutive year. The firm, located In Glastonbury CT, consults on the popular Sage MAS 90 and 200 line of accounting software. They provide new implementation, training, technical support and troubleshooting for all versions of the MAS 90 and MAS 200 program.
The names of all 100 organizations were published in the December 2008 issue of Accounting Technology and can be accessed at www.accountingtechnology.com. Thumbnail sketches of the 100 winners are being made available on the Web site only.
For more information about Schulz Consulting, including a free 60 minute video that reviews the important steps for closing the year in Sage MAS 90, please visit their web site - http://www.s-consult.com.
The magazine, published 11 times annually by SourceMedia Inc., each year gives this award to 100 organizations that market financial midmarket applications.
“Pacesetters are selected for a wide range of criteria, such as substantial growth, their leaderships’ influence and involvement in the accounting software community, and recognition from the companies whose software they market,” said Robert Scott, editor of Accounting Technology. “All of these factors help us recognize quality businesses, regardless of size.”
Most companies in the accounting software channel market a wide range of technology software and services. However, financial software remains the focus of their operations.
Schulz Consulting distinguishes themselves by receiving this award for the fourth consecutive year. The firm, located In Glastonbury CT, consults on the popular Sage MAS 90 and 200 line of accounting software. They provide new implementation, training, technical support and troubleshooting for all versions of the MAS 90 and MAS 200 program.
The names of all 100 organizations were published in the December 2008 issue of Accounting Technology and can be accessed at www.accountingtechnology.com. Thumbnail sketches of the 100 winners are being made available on the Web site only.
For more information about Schulz Consulting, including a free 60 minute video that reviews the important steps for closing the year in Sage MAS 90, please visit their web site - http://www.s-consult.com.
Samai Consulting: Special Offers for Business Debt Restructuring
For businesses in this economy, there is a tremendous pressure just to survive no matter what kind of industry the business is in. Business debt settlement is a practical way for companies to come out of debt without costly legal proceedings and without going bankrupt. Samai Consulting is offering special discounts starting Dec 22 2008 for any small or medium sized business seeking business debt help.
In this severe recession, there is a huge struggle not only for consumers to stay afloat but also more so for the businesses. As the consumer spending goes down, all kinds of businesses are having lower cash flows causing severe pressure to stay afloat. It is very important more so than before to manage the business debt properly to see through this tough times.
Samai Consulting provides small and medium sized companies different options to manage debt such as business debt settlement services which is an effective way to manage debt. Starting Dec 22 2008 for a period of 3 months, Samai Consulting is offering special discount prices for companies seeking business debt help. As part of this program, the company will provide free consultation and result based fees. Please call them at 908-350-3603 for free consultation and more details about this offer.
In this severe recession, there is a huge struggle not only for consumers to stay afloat but also more so for the businesses. As the consumer spending goes down, all kinds of businesses are having lower cash flows causing severe pressure to stay afloat. It is very important more so than before to manage the business debt properly to see through this tough times.
Samai Consulting provides small and medium sized companies different options to manage debt such as business debt settlement services which is an effective way to manage debt. Starting Dec 22 2008 for a period of 3 months, Samai Consulting is offering special discount prices for companies seeking business debt help. As part of this program, the company will provide free consultation and result based fees. Please call them at 908-350-3603 for free consultation and more details about this offer.
Human Resources Consulting Services Moves to New Offices in Colorado
Human Resource Consulting Services, LLC (HRCS) has recently moved to a new office location at 5280 Red Pass Lane, Castle Rock, Colorado 80108.
HRCS serves clients in Colorado and throughout the U.S. in a variety of businesses and industry. The firm was established in 2002 to provide clients with human resource management consulting services in a wide variety of people management matters in the areas of compensation and benefit plan design and insurance placement; employee and labor relations; executive coaching and outplacement; executive search; training and development; safety; policies and procedures; and M&A activities.
HRCS has served clients involved in aviation, business services, consulting, engineering, construction, travel and entertainment, financial services, insurance, banking, healthcare, golf resort management, manufacturing, distribution, mining, not-for-profit, technology, telecommunications and education.
HRCS delivers expert human resource management solutions at a fraction of the cost of a full-time human resource staff. HRCS has associates located throughout the U.S. who have over 100 years of combined management experience in all facets of human resources and labor relations who serve clients every day.
David Swan, President and Founder of HRCS, has over 30 years of varied industry and geographical experience delivering expert business solutions through people management strategies. Prior to forming HRCS, he held the top human resource management position in several private and public companies in retailing, manufacturing, consulting engineering, construction, and telecommunications. He is a member of the Society of Human Resource Management and serves as a business advisor and Director to several organizations.
Human Resource Consulting Services may be contacted at www.hrcs-co.com.
HRCS serves clients in Colorado and throughout the U.S. in a variety of businesses and industry. The firm was established in 2002 to provide clients with human resource management consulting services in a wide variety of people management matters in the areas of compensation and benefit plan design and insurance placement; employee and labor relations; executive coaching and outplacement; executive search; training and development; safety; policies and procedures; and M&A activities.
HRCS has served clients involved in aviation, business services, consulting, engineering, construction, travel and entertainment, financial services, insurance, banking, healthcare, golf resort management, manufacturing, distribution, mining, not-for-profit, technology, telecommunications and education.
HRCS delivers expert human resource management solutions at a fraction of the cost of a full-time human resource staff. HRCS has associates located throughout the U.S. who have over 100 years of combined management experience in all facets of human resources and labor relations who serve clients every day.
David Swan, President and Founder of HRCS, has over 30 years of varied industry and geographical experience delivering expert business solutions through people management strategies. Prior to forming HRCS, he held the top human resource management position in several private and public companies in retailing, manufacturing, consulting engineering, construction, and telecommunications. He is a member of the Society of Human Resource Management and serves as a business advisor and Director to several organizations.
Human Resource Consulting Services may be contacted at www.hrcs-co.com.
Friday, December 19, 2008
Invesp Consulting Names Top 100 Influential Online Marketers of 2008
Invesp Consulting, a landing page optimization company, has named the top 100 most influential online marketers of 2008. The list includes the greatest marketing minds, visionaries, and thought-leaders in the industry. After over 1,000 recommendations and nominations, Invesp picked 100 of the top online marketers. They are people who provided the most insightful, cutting edge marketing ideas, products, and/or services in 2008.
These are the leaders people go to and respect for their online marketing expertise. "There are thousands of marketers who produce content every day and deliver results for their clients. In creating the list, we were looking for the thought leaders, innovators, and those who changed and influenced the marketing space during 2008," said Ayat Shukairy, co-founder and managing partner at Invesp consulting.
Many on the list are well-known, some may not be as famous, but all were named because of their continued efforts to expand as well as give back to the online marketing community.
Here are the Top 10 Online Marketers of 2008
1. Chris Hughes
2. Guy Kawasaki
3. Brian Clark
4. Michael Arrington
5. Rand Fishkin
6. Pete Cashmore
7. Aaron Wall
8. Jackie Huba
9. Darren Rowse
10. Avinash Kaushik
Chris Hughes who is praised for his work in helping elect Barak Obama has topped the list. "Chris took his intimate knowledge of social media to create My.BarackObama.com; The Obama campaign's online social networking website. His transformation of Barak Obama form a mere candidate to an online phenomenon contributed to the Presiden Elect's nomination and admiration of tens of millions across the world," adds Ayat Shukairy.
Rand Fishkin of SEOMoz, one of this year's top 10 marketers, praised and nominated Google's Avinash Kaushik. He said: "Avinash has made marketers across the web more responsible and more informed when it comes to measuring their successes and failures. Through his book, blog and evangelizing, he reaches tens of thousands of companies and websites that can take truly actionable intelligence from his advice."
The top woman marketer of 2008 is Jackie Huba of Church of the Customer. Jackie's effort in evangelizing citizen marketing as well co-founding The society for Word of Mouth earned her the title top woman marketer of 2008. To get the full list see www.invesp.com/2008/top-100-marketers-of-2008.html
About Invesp Consulting
Since 1995, the founders and team at Invesp Consulting have architected, designed and deployed 22 of the largest e-commerce websites in North America. The company drives sales to e-commerce sites through the practice of conversion rate optimization. In 2007, Invesp's clients averaged 14.56% conversion rate.
To see how Invesp can help your site with conversion rate optimization, see www.invesp.com.
These are the leaders people go to and respect for their online marketing expertise. "There are thousands of marketers who produce content every day and deliver results for their clients. In creating the list, we were looking for the thought leaders, innovators, and those who changed and influenced the marketing space during 2008," said Ayat Shukairy, co-founder and managing partner at Invesp consulting.
Many on the list are well-known, some may not be as famous, but all were named because of their continued efforts to expand as well as give back to the online marketing community.
Here are the Top 10 Online Marketers of 2008
1. Chris Hughes
2. Guy Kawasaki
3. Brian Clark
4. Michael Arrington
5. Rand Fishkin
6. Pete Cashmore
7. Aaron Wall
8. Jackie Huba
9. Darren Rowse
10. Avinash Kaushik
Chris Hughes who is praised for his work in helping elect Barak Obama has topped the list. "Chris took his intimate knowledge of social media to create My.BarackObama.com; The Obama campaign's online social networking website. His transformation of Barak Obama form a mere candidate to an online phenomenon contributed to the Presiden Elect's nomination and admiration of tens of millions across the world," adds Ayat Shukairy.
Rand Fishkin of SEOMoz, one of this year's top 10 marketers, praised and nominated Google's Avinash Kaushik. He said: "Avinash has made marketers across the web more responsible and more informed when it comes to measuring their successes and failures. Through his book, blog and evangelizing, he reaches tens of thousands of companies and websites that can take truly actionable intelligence from his advice."
The top woman marketer of 2008 is Jackie Huba of Church of the Customer. Jackie's effort in evangelizing citizen marketing as well co-founding The society for Word of Mouth earned her the title top woman marketer of 2008. To get the full list see www.invesp.com/2008/top-100-marketers-of-2008.html
About Invesp Consulting
Since 1995, the founders and team at Invesp Consulting have architected, designed and deployed 22 of the largest e-commerce websites in North America. The company drives sales to e-commerce sites through the practice of conversion rate optimization. In 2007, Invesp's clients averaged 14.56% conversion rate.
To see how Invesp can help your site with conversion rate optimization, see www.invesp.com.
Wipro Appoints New Global Head for Consultancy Division
Wipro Technologies, the global IT services business of Wipro Limited (NYSE:WIT) announced the appointment of Kirk Strawser as Global Head, Wipro Consulting Services.
Kirk Strawser has more than 22 years experience in senior leadership roles in the consulting industry which include Americas Leader CRM for Ernst & Young, LLP, Global Leader CRM, Capgemini and in his most recent role as President- Consulting Services, Capgemini Americas.
Commenting on the appointment, T K Kurien, President, Wipro Consulting Services, Communication and Media, Global Programs and Strategic Initiatives, said, �We have seen a significant increase in demand for our consultancy business recently, especially for our cost optimization and business transformation services. We listened to our customers who were asking for higher level advisory services to complement our world class IT and BPO services. This helps set the agenda for strategic cost reduction, capital efficiency and customer experience in transformation related programs.�
Commenting on his appointment, Kirk Strawser said, �The consulting market must undergo a �step change� in how we approach the business of teaming with our clients to manage cost, capital and customers. Clients want industry specific, integrated solutions (Consulting, IT, BPO) delivered using innovative, accelerated approaches that drive measurable improvements in critical metrics such as free cash flow and Return on Equity. Wipro is uniquely positioned to meet the new customer challenge through our core competencies in business transformation enabled through technology and continuous improvement in how these solutions and results are delivered. I�m excited to be a member of the Wipro team and look forward to continuing their outstanding tradition of �Applying Thought� to deliver high value to our customers.�
Wipro Consulting Services (WCS) is a division of the Wipro Ltd (NYSE: WIT), a $5bn global enterprise. With 1200+ experts based in Europe, North America, Asia Pacific, Australia Middle East and India, WCS integrates Wipro�s IT, BPO and Product Engineering services to provide solutions to global enterprises.
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com.
Kirk Strawser has more than 22 years experience in senior leadership roles in the consulting industry which include Americas Leader CRM for Ernst & Young, LLP, Global Leader CRM, Capgemini and in his most recent role as President- Consulting Services, Capgemini Americas.
Commenting on the appointment, T K Kurien, President, Wipro Consulting Services, Communication and Media, Global Programs and Strategic Initiatives, said, �We have seen a significant increase in demand for our consultancy business recently, especially for our cost optimization and business transformation services. We listened to our customers who were asking for higher level advisory services to complement our world class IT and BPO services. This helps set the agenda for strategic cost reduction, capital efficiency and customer experience in transformation related programs.�
Commenting on his appointment, Kirk Strawser said, �The consulting market must undergo a �step change� in how we approach the business of teaming with our clients to manage cost, capital and customers. Clients want industry specific, integrated solutions (Consulting, IT, BPO) delivered using innovative, accelerated approaches that drive measurable improvements in critical metrics such as free cash flow and Return on Equity. Wipro is uniquely positioned to meet the new customer challenge through our core competencies in business transformation enabled through technology and continuous improvement in how these solutions and results are delivered. I�m excited to be a member of the Wipro team and look forward to continuing their outstanding tradition of �Applying Thought� to deliver high value to our customers.�
Wipro Consulting Services (WCS) is a division of the Wipro Ltd (NYSE: WIT), a $5bn global enterprise. With 1200+ experts based in Europe, North America, Asia Pacific, Australia Middle East and India, WCS integrates Wipro�s IT, BPO and Product Engineering services to provide solutions to global enterprises.
About Wipro
Wipro Technologies, a division of Wipro Limited (NYSE:WIT) is the first PCMM Level 5 and SEI CMM Level 5 certified global IT services organization. Wipro Technologies was recently assessed at Level 5 for CMMI V 1.2 across offshore and onsite development centers. Wipro is one of the largest product engineering and support service providers worldwide. Wipro provides comprehensive research and development services, IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development, and maintenance services to corporations globally.
In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India, offering system integration, network integration, software solutions and IT services.
Wipro also has a profitable presence in niche market segments of consumer products and lighting. In the Asia-Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro's ADS' are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com and www.wiprocorporate.com.
CCID Consulting Analyzes China's SMT Market
CCID Consulting, China's leading research, consulting and IT outsourcing service provider, and the first Chinese consulting firm listed in Hong Kong (Hong Kong Stock Exchange: HK08235), recently released its article on China's SMT market.
Latest development in Surface Mounting Technology (SMT) enabled electronic products to be light, thin, multi-function, highly reliable and come with low cost. After years of development, SMT technology has been very mature, and has been widely applied in computer, communications, consumer electronics and industrial automation industries. SMT in this article refers to the processing cost of PCBA manufacturing process, excluding the cost of PCB board manufacturing and components purchasing, as in the electronic manufacturing industry supply chain, production and manufacturing has become inseparable.
The size of China's SMT market in 2008 will reach 36.15 billion Yuan
China has become the global electronic products' processing and production base. The demand for China's SMT market come from various electronic products, including board and card production. The size of China's SMT market in 2007 reached 34.01 billion Yuan, up 10.2% over 2006; but as for growth rate, the growth rate has declined, the reason being that growth rate of China's electronic manufacturing products has been becoming flat. In 2008, because the growth rates of notebook computer, mobile phone and LCD TV have dropped largely, it is forecast that the growth rate of China's SMT market will decrease to 6.3%; in the next few years, China's SMT market's growth rate will continue to decline.
Mobile phone and computer board and card products the major demand force
Divided by application structure, network communications, consumer electronics and computers are the major application fields, which account for over 90% of the total market. Network communications are the largest application market, its market size in 2007 reached 11.71 billion Yuan, which accounted for 34.4% of the total market. Change in China's mobile phone output is the major factor of SMT market. As mobile terminal products, PCB board's size and component number have high requirements for SMT equipments' precision, but mobile phone PCBA board production has large competitive pressure.
With global computer industrial transfer to China, China's PC, NB and display have
become the largest production base globally. Board and card products have large contribution to SMT market, which include mainboard, display card, sound card and network card. The size of computer field in SMT market reached 9.77 billion Yuan, which accounted for 28.7% of the total market.
In consumer electronic field, China's large consumer electronic product output base supports the demands of consumer electronic field in SMT market. China's air-condition, refrigerator/reefer outputs account for 70% of the global output; China's TV output ranks first in the world; China's STB and small home appliance products are export-oriented, but compared with products in other fields, consumer electronic products' technical content is low, such as air-condition, washing machine, refrigerator and microwave oven. Because of their simple computer board design and a few components, artificial plug-in could satisfy production demands, the patch price can be relatively cheap, so its contribution to SMT market is limited. Besides these three fields, automotive electronics and medical electronics account for 8.3% of the total market.
SMT foundry market share will continue to rise
In SMT foundry market, mobile phones are the most important products. After a few years of development, mobile phone foundry production includes PCBA production, components purchasing, shell production, display production and the whole machine assembly. Large EMS vendors have advantage in production matching, components purchasing, capacity utilization and client resources, such as Foxconn and Flextronics, they simplify products' process and reduce products' cost, which causes a certain threat to small and medium SMT enterprises' growth. Household products are SMT foundry market's main force.
Household products have sale and production busy season and off-season, especially the white goods. Brand manufacturers couldn't expand production capacity in order to satisfy busy season demands, they will seek SMT foundry to satisfy demands, and therefore, household products' particularity drives the development of SMT foundry.
Different from communications and consumer electronic field, computer manufacturers take charge of the assembly production of board, interface and shell, computer's board have special brand manufacturers, such as GIGABYT and ASUS, thus demands for SMT foundry are fewer in this field. As for automotive electronics products, the outputs of pre-installed and after-loaded market are small. Because of lacking scale benefit, its manufacturing cost is high, so automotive electronics products' small batch and various kinds decide automotive electronic enterprises carry through PCBA production by itself. Generally speaking, China's electronic manufacturing industry is getting mature with mature industrial specialization. Cost pressure of whole machine manufacturers is rising, which drives the development of future SMT outsourcing.
Development of SMT Market Slows Down due to Economic Situation
The global economic situation is extremely complicated in 2008. Economic crisis in USA leads to global financial crisis and most countries are facing economic downturn. As a result, demands on electronic terminal products around the world are dropping. In 2008H2, China's electronic manufacturing enterprises have suffered a lot from financial crisis. In 2009, global financial crisis is difficult to recover in short-term, downward economic cycle will continue. Affected by this situation, China's SMT market will face larger market difficulties in 2009, the market size will be same as the market size in 2008.
About CCID Consulting
CCID Consulting Co., Ltd., the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting
commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.
Latest development in Surface Mounting Technology (SMT) enabled electronic products to be light, thin, multi-function, highly reliable and come with low cost. After years of development, SMT technology has been very mature, and has been widely applied in computer, communications, consumer electronics and industrial automation industries. SMT in this article refers to the processing cost of PCBA manufacturing process, excluding the cost of PCB board manufacturing and components purchasing, as in the electronic manufacturing industry supply chain, production and manufacturing has become inseparable.
The size of China's SMT market in 2008 will reach 36.15 billion Yuan
China has become the global electronic products' processing and production base. The demand for China's SMT market come from various electronic products, including board and card production. The size of China's SMT market in 2007 reached 34.01 billion Yuan, up 10.2% over 2006; but as for growth rate, the growth rate has declined, the reason being that growth rate of China's electronic manufacturing products has been becoming flat. In 2008, because the growth rates of notebook computer, mobile phone and LCD TV have dropped largely, it is forecast that the growth rate of China's SMT market will decrease to 6.3%; in the next few years, China's SMT market's growth rate will continue to decline.
Mobile phone and computer board and card products the major demand force
Divided by application structure, network communications, consumer electronics and computers are the major application fields, which account for over 90% of the total market. Network communications are the largest application market, its market size in 2007 reached 11.71 billion Yuan, which accounted for 34.4% of the total market. Change in China's mobile phone output is the major factor of SMT market. As mobile terminal products, PCB board's size and component number have high requirements for SMT equipments' precision, but mobile phone PCBA board production has large competitive pressure.
With global computer industrial transfer to China, China's PC, NB and display have
become the largest production base globally. Board and card products have large contribution to SMT market, which include mainboard, display card, sound card and network card. The size of computer field in SMT market reached 9.77 billion Yuan, which accounted for 28.7% of the total market.
In consumer electronic field, China's large consumer electronic product output base supports the demands of consumer electronic field in SMT market. China's air-condition, refrigerator/reefer outputs account for 70% of the global output; China's TV output ranks first in the world; China's STB and small home appliance products are export-oriented, but compared with products in other fields, consumer electronic products' technical content is low, such as air-condition, washing machine, refrigerator and microwave oven. Because of their simple computer board design and a few components, artificial plug-in could satisfy production demands, the patch price can be relatively cheap, so its contribution to SMT market is limited. Besides these three fields, automotive electronics and medical electronics account for 8.3% of the total market.
SMT foundry market share will continue to rise
In SMT foundry market, mobile phones are the most important products. After a few years of development, mobile phone foundry production includes PCBA production, components purchasing, shell production, display production and the whole machine assembly. Large EMS vendors have advantage in production matching, components purchasing, capacity utilization and client resources, such as Foxconn and Flextronics, they simplify products' process and reduce products' cost, which causes a certain threat to small and medium SMT enterprises' growth. Household products are SMT foundry market's main force.
Household products have sale and production busy season and off-season, especially the white goods. Brand manufacturers couldn't expand production capacity in order to satisfy busy season demands, they will seek SMT foundry to satisfy demands, and therefore, household products' particularity drives the development of SMT foundry.
Different from communications and consumer electronic field, computer manufacturers take charge of the assembly production of board, interface and shell, computer's board have special brand manufacturers, such as GIGABYT and ASUS, thus demands for SMT foundry are fewer in this field. As for automotive electronics products, the outputs of pre-installed and after-loaded market are small. Because of lacking scale benefit, its manufacturing cost is high, so automotive electronics products' small batch and various kinds decide automotive electronic enterprises carry through PCBA production by itself. Generally speaking, China's electronic manufacturing industry is getting mature with mature industrial specialization. Cost pressure of whole machine manufacturers is rising, which drives the development of future SMT outsourcing.
Development of SMT Market Slows Down due to Economic Situation
The global economic situation is extremely complicated in 2008. Economic crisis in USA leads to global financial crisis and most countries are facing economic downturn. As a result, demands on electronic terminal products around the world are dropping. In 2008H2, China's electronic manufacturing enterprises have suffered a lot from financial crisis. In 2009, global financial crisis is difficult to recover in short-term, downward economic cycle will continue. Affected by this situation, China's SMT market will face larger market difficulties in 2009, the market size will be same as the market size in 2008.
About CCID Consulting
CCID Consulting Co., Ltd., the first Chinese consulting firm listed in the Growth Enterprise Market of the Stock Exchange (GEM) of Hong Kong (stock code: 8235.HK), is directly affiliated with China Center for Information Industry Development (hereinafter known as CCID Group). Headquartered in Beijing, CCID Consulting has so far set up branch offices in Shanghai, Guangzhou, Shenzhen, Wuhan and Chengdu, with over 300 professional consultants after many years of development. The company's business scope has covered over 200 large and medium-sized cities in China.
Based on major areas of competitiveness: industrial resources, information technology and data channels, CCID Consulting provides customers with public policy establishment, industry competitiveness upgrading, development strategy and planning, marketing strategy and research, HR management, IT programming and management. CCID Consulting's customers range from industrial users in electronics, telecommunications, energy, finance, automobile, to government departments at all levels and diversified industrial parks. CCID Consulting
commits itself to becoming the No. 1 advisor for enterprise management, the No. 1 consultancy for government decisions and the No. 1 brand for informatization consulting.
MiPro Consulting Achieves Oracle Certified Partner Level
MiPro Consulting, a specialized provider of Oracle's PeopleSoft Enterprise consulting services, announced today that it has achieved Oracle Certified Partner status within the Oracle® PartnerNetwork. MiPro joins a select and dedicated group of companies that have achieved this partner status in North America and who have shown a significant commitment to the Oracle platform as well as providing a full portfolio of services that demonstrate superior levels of technical expertise, customer support, and professionalism.
"MiPro's focus has always been to provide our customers with the best array of services for their PeopleSoft Enterprise needs. As we have continued to develop our service lines, our relationship with Oracle has grown significantly," said Chris Bishop, President of MiPro Consulting. "Our Certified Partner status is a testament not only to our ongoing efforts to provide a superior consulting experience that complements PeopleSoft Enterprise solutions, but also to our commitment to our customers and their investment in Oracle technology."
Oracle Certified partners have access to additional resources within the Oracle organization including technical, training, marketing, and more. These resources will give MiPro Consulting even more tools to help strengthen their services arms and serve Oracle customers in the best way possible.
"MiPro has been a leading provider of consulting services PeopleSoft applications for years," said Oracle Vice President of Product Strategy, John Webb. "Their services help our customers extend their PeopleSoft solutions in new and dynamic ways. MiPro's new status as a Certified Partner is well-deserved and we look forward to our continued relationship."
About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of more than 20,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Certified Partner levels.
http://oraclepartnernetwork.oracle.com.
About MiPro Consulting
MiPro Consulting is a leading professional services organization focused on helping its clients achieve maximum value from their PeopleSoft, Workday, and Authoria investments. MiPro's professionals have proven expertise in delivering superior planning and assessment, project management, implementation, upgrade support, data management, and configuration services. Offering exemplary communication and professionalism and focusing on strong teamwork and applying real-world experience, MiPro Consulting's professionals continue to be recognized as leaders in the industry. Since 2005, MiPro has served mid-market to Fortune 100 customers and has become known as a consulting authority on PeopleSoft, Workday, and Authoria implementations. MiPro Consulting, MiPro Unfiltered Blog, MiPro on Twitter.
"MiPro's focus has always been to provide our customers with the best array of services for their PeopleSoft Enterprise needs. As we have continued to develop our service lines, our relationship with Oracle has grown significantly," said Chris Bishop, President of MiPro Consulting. "Our Certified Partner status is a testament not only to our ongoing efforts to provide a superior consulting experience that complements PeopleSoft Enterprise solutions, but also to our commitment to our customers and their investment in Oracle technology."
Oracle Certified partners have access to additional resources within the Oracle organization including technical, training, marketing, and more. These resources will give MiPro Consulting even more tools to help strengthen their services arms and serve Oracle customers in the best way possible.
"MiPro has been a leading provider of consulting services PeopleSoft applications for years," said Oracle Vice President of Product Strategy, John Webb. "Their services help our customers extend their PeopleSoft solutions in new and dynamic ways. MiPro's new status as a Certified Partner is well-deserved and we look forward to our continued relationship."
About the Oracle PartnerNetwork
Oracle PartnerNetwork is a global business network of more than 20,000 companies who deliver innovative software solutions based on Oracle software. Through access to Oracle's premier products, education, technical services, marketing and sales support, the Oracle PartnerNetwork program provides partners with the resources they need to be successful in today's global economy. Oracle partners are able to offer their customers leading-edge solutions backed by Oracle's position as the world's largest enterprise software company. Partners who are able to demonstrate superior product knowledge, technical expertise and a commitment to doing business with Oracle qualify for the Certified Partner levels.
http://oraclepartnernetwork.oracle.com.
About MiPro Consulting
MiPro Consulting is a leading professional services organization focused on helping its clients achieve maximum value from their PeopleSoft, Workday, and Authoria investments. MiPro's professionals have proven expertise in delivering superior planning and assessment, project management, implementation, upgrade support, data management, and configuration services. Offering exemplary communication and professionalism and focusing on strong teamwork and applying real-world experience, MiPro Consulting's professionals continue to be recognized as leaders in the industry. Since 2005, MiPro has served mid-market to Fortune 100 customers and has become known as a consulting authority on PeopleSoft, Workday, and Authoria implementations. MiPro Consulting, MiPro Unfiltered Blog, MiPro on Twitter.
Swedish IT consulting company Modul 1 Data AB wins consulting contract from ICA AB
Swedish IT consulting company Modul 1 Data AB (OMX Stockholm:MOD1) announced on Thursday (18 December) that it has landed a one-year framework contract from the Swedish retail chain ICA AB.
The contract, which can be extended, covers IT consulting services.
The value of the framework contract was not disclosed.
Modul 1 Data, headquartered in Stockholm, Sweden, provides IT consulting services to large and mid sized enterprises and organisations within banking and finance and the public sector. The company has 160 employees and reported sales of SEK285m in 2007.
One British pound (GBP) is worth approximately 12.38 Swedish kronor (SEK).
The contract, which can be extended, covers IT consulting services.
The value of the framework contract was not disclosed.
Modul 1 Data, headquartered in Stockholm, Sweden, provides IT consulting services to large and mid sized enterprises and organisations within banking and finance and the public sector. The company has 160 employees and reported sales of SEK285m in 2007.
One British pound (GBP) is worth approximately 12.38 Swedish kronor (SEK).
Watson Wyatt Acquires Vietnam Consulting Firm
Watson Wyatt Worldwide, a leading global consulting firm, announced today that it has acquired SMART Human Resource Vietnam Company Limited ("SMART HR"), a premier HR consulting services firm in Vietnam.
SMART HR provides human capital consulting services in training and development, talent management, compensation management and salary surveys. The firm has 25 employees with offices in Ho Chi Minh City and Hanoi.
"This acquisition greatly strengthens Watson Wyatt's presence in the broader ASEAN market place and Asia Pacific overall," said Bob Charles, Watson Wyatt's Asia Pacific Regional Managing Director. "By establishing operations in Vietnam, we can provide our global and regional clients with world-class consulting advice in one of Asia's most dynamic emerging markets."
"We are delighted to be part of the Watson Wyatt team," said Jessica Lu, CEO of SMART HR. "This integration will enable us to leverage Watson Wyatt's global network of expertise to offer a broad portfolio of client solutions to the burgeoning Vietnam market."
Jessica will lead Watson Wyatt's Vietnam operations. Watson Wyatt currently has offices across 12 markets in the Asia Pacific region - Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
About Watson Wyatt Worldwide
Watson Wyatt is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,600 associates in 32 countries and is located on the Web at www.watsonwyatt.com
About SMART HR Vietnam
SMART HR Vietnam, established in 2001, is a client-focused HR consulting firm providing services in training and development, talent management, compensation management and salary surveys. The firm has 25 employees with 10 associated facilitators/consultants and has a track record of helping foreign multinationals achieve their human capital objectives.
SMART HR provides human capital consulting services in training and development, talent management, compensation management and salary surveys. The firm has 25 employees with offices in Ho Chi Minh City and Hanoi.
"This acquisition greatly strengthens Watson Wyatt's presence in the broader ASEAN market place and Asia Pacific overall," said Bob Charles, Watson Wyatt's Asia Pacific Regional Managing Director. "By establishing operations in Vietnam, we can provide our global and regional clients with world-class consulting advice in one of Asia's most dynamic emerging markets."
"We are delighted to be part of the Watson Wyatt team," said Jessica Lu, CEO of SMART HR. "This integration will enable us to leverage Watson Wyatt's global network of expertise to offer a broad portfolio of client solutions to the burgeoning Vietnam market."
Jessica will lead Watson Wyatt's Vietnam operations. Watson Wyatt currently has offices across 12 markets in the Asia Pacific region - Australia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan and Thailand.
About Watson Wyatt Worldwide
Watson Wyatt is the trusted business partner to the world's leading organizations on people and financial issues. The firm's global services include: managing the cost and effectiveness of employee benefit programs; developing attraction, retention and reward strategies; advising pension plan sponsors and other institutions on optimal investment strategies; providing strategic and financial advice to insurance and financial services companies; and delivering related technology, outsourcing and data services. Watson Wyatt has 7,600 associates in 32 countries and is located on the Web at www.watsonwyatt.com
About SMART HR Vietnam
SMART HR Vietnam, established in 2001, is a client-focused HR consulting firm providing services in training and development, talent management, compensation management and salary surveys. The firm has 25 employees with 10 associated facilitators/consultants and has a track record of helping foreign multinationals achieve their human capital objectives.
Consulting Firm BearingPoint Awarded DoD "Thought Leadership & Change Management" Contract Valued up to $260 Million
BearingPoint, Inc., one of the world's largest management and technology consulting firms, announced today that the Department of Defense Business Transformation Agency (BTA) has awarded the Company an indefinite delivery indefinite quantity (IDIQ) contract for thought leadership and change management services. The contract has a five-year ceiling of $260 million.
BearingPoint was one of six firms awarded a contract for BTA's Cross Agency Support Services (CASS) effort for Thought Leadership/Change Management. The effort seeks to deliver a full range of services necessary to support BTA headquarters, directorates, and program/project/product offices in delivering enterprise-level capabilities that align to warfighter needs. BTA's mission is to help guide the transformation of business operations throughout the Department of Defense.
BearingPoint's long history of supporting the Department of Defense, combined with its Business Transformation experience throughout the public sector, strongly positions the firm to support task orders the BTA is anticipated to issue under this new contract. Using Lean, Six Sigma and other methodologies, BearingPoint will assist BTA CASS efforts with thought leadership and change management services that could range from strategic planning and analysis, to governance and organizational design, to increased financial visibility, streamlining of supply chain, and broad training initiatives.
"BearingPoint is a leader in public services transformation," said Brenda Walker, vice president for BearingPoint's Defense practice supporting the Office of the Secretary of Defense and the Defense Agencies. "We believe BearingPoint's proven ability to drive transformation projects, combined with our highly-skilled consultants and an understanding of mission priorities, will serve us well as we work to support the BTA with this critical initiative."
About BearingPoint, Inc.
BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.
BearingPoint was one of six firms awarded a contract for BTA's Cross Agency Support Services (CASS) effort for Thought Leadership/Change Management. The effort seeks to deliver a full range of services necessary to support BTA headquarters, directorates, and program/project/product offices in delivering enterprise-level capabilities that align to warfighter needs. BTA's mission is to help guide the transformation of business operations throughout the Department of Defense.
BearingPoint's long history of supporting the Department of Defense, combined with its Business Transformation experience throughout the public sector, strongly positions the firm to support task orders the BTA is anticipated to issue under this new contract. Using Lean, Six Sigma and other methodologies, BearingPoint will assist BTA CASS efforts with thought leadership and change management services that could range from strategic planning and analysis, to governance and organizational design, to increased financial visibility, streamlining of supply chain, and broad training initiatives.
"BearingPoint is a leader in public services transformation," said Brenda Walker, vice president for BearingPoint's Defense practice supporting the Office of the Secretary of Defense and the Defense Agencies. "We believe BearingPoint's proven ability to drive transformation projects, combined with our highly-skilled consultants and an understanding of mission priorities, will serve us well as we work to support the BTA with this critical initiative."
About BearingPoint, Inc.
BearingPoint, Inc. is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to "next-generation" technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Thursday, December 18, 2008
Revel Consulting Bolsters Software-as-a-Service Practice with Hiring of Senior Managers
Revel Consulting, a Kirkland, Washington based business and IT consulting firm, announced today the appointment of Jonathan Friederichsen and Bob Wanezek as Senior Associates. Friederichsen and Wanezek, both former senior level technology managers with Washington Mutual, will focus on business engagements in Revel's growing Software-as-a-Service Practice.
"Bringing Jonathan and Bob onboard adds key veteran experience and understanding to our team," said Brett Alston, Managing Partner of Revel. "These talented professionals have proven they have the applicable skills, business discipline and the entrepreneurial spirit that are essential to our 'pure consulting' model."
Both senior associates will support the continued expansion of Revel's Software-as-a-Service Practice, evaluating need, developing strategy and implementing online services for their clients. Friederichsen will focus his efforts on streamlining clients' business operations so they are best prepared for a transition to hosted solutions. Wanezek will develop strategy and implement plans for Revel's clients to move enterprise software to the "cloud".
Friederichsen brings over 13 years of experience in finance, technology, and process improvement to Revel from his experience with banking industry leaders Wachovia, Bank of America, Wells Fargo and most recently Washington Mutual. At Washington Mutual he managed the Card Service Technology team who coordinated all Card Services (debit, credit) project deployments. As a Vice President at Bank of America, Friederichsen led a team responsible for the stabilization and national integration of the bank's online banking channel as well as migration of all Bank of America's credit cards to a new vendor.
Previously, Wanezek was First Vice President and Senior Technology Group Manager at Washington Mutual where he was responsible for the ongoing development and deployment of corporate methodologies for software development and project portfolio management. Additionally, Wanezek spent 8 years with Microsoft, where he led a variety of program/process management teams including his latest position as Senior Procurement Manager. In this position he led Microsoft's initiative to move the company's worldwide network of third party suppliers to the cloud.
About Revel Consulting
Revel Consulting is a leading business and IT consulting firm founded on the belief that client success is achieved through Pure Consulting - reduced barriers between great minds and great opportunities. Revel's consultants are given the tools, authority, responsibility, and ownership to solve complex challenges with smart, efficient and proven processes. Based in Kirkland, Washington, Revel was founded (originally as CRM Consultants, Inc.) by Joseph Sedmak, who soon added industry veterans Vikas Kamran and Brett Alston as co-founders. This innovative trio saw the market opportunity created by the fracturing of the large consulting firms and the need for nimble, mid-sized firms able to meet the needs of clients. In 2008, Revel was named the fastest growing private company in Washington State and the 48th fastest nationally on Inc. magazine's Top 5000 list.
For additional information on Revel and to view case studies, visit: www.revelconsulting.com.
"Bringing Jonathan and Bob onboard adds key veteran experience and understanding to our team," said Brett Alston, Managing Partner of Revel. "These talented professionals have proven they have the applicable skills, business discipline and the entrepreneurial spirit that are essential to our 'pure consulting' model."
Both senior associates will support the continued expansion of Revel's Software-as-a-Service Practice, evaluating need, developing strategy and implementing online services for their clients. Friederichsen will focus his efforts on streamlining clients' business operations so they are best prepared for a transition to hosted solutions. Wanezek will develop strategy and implement plans for Revel's clients to move enterprise software to the "cloud".
Friederichsen brings over 13 years of experience in finance, technology, and process improvement to Revel from his experience with banking industry leaders Wachovia, Bank of America, Wells Fargo and most recently Washington Mutual. At Washington Mutual he managed the Card Service Technology team who coordinated all Card Services (debit, credit) project deployments. As a Vice President at Bank of America, Friederichsen led a team responsible for the stabilization and national integration of the bank's online banking channel as well as migration of all Bank of America's credit cards to a new vendor.
Previously, Wanezek was First Vice President and Senior Technology Group Manager at Washington Mutual where he was responsible for the ongoing development and deployment of corporate methodologies for software development and project portfolio management. Additionally, Wanezek spent 8 years with Microsoft, where he led a variety of program/process management teams including his latest position as Senior Procurement Manager. In this position he led Microsoft's initiative to move the company's worldwide network of third party suppliers to the cloud.
About Revel Consulting
Revel Consulting is a leading business and IT consulting firm founded on the belief that client success is achieved through Pure Consulting - reduced barriers between great minds and great opportunities. Revel's consultants are given the tools, authority, responsibility, and ownership to solve complex challenges with smart, efficient and proven processes. Based in Kirkland, Washington, Revel was founded (originally as CRM Consultants, Inc.) by Joseph Sedmak, who soon added industry veterans Vikas Kamran and Brett Alston as co-founders. This innovative trio saw the market opportunity created by the fracturing of the large consulting firms and the need for nimble, mid-sized firms able to meet the needs of clients. In 2008, Revel was named the fastest growing private company in Washington State and the 48th fastest nationally on Inc. magazine's Top 5000 list.
For additional information on Revel and to view case studies, visit: www.revelconsulting.com.
Stanford Institutional Consulting Formed to Provide Asset Management Services to Individual and Institutional Investors
Stanford Financial Group today announced the formation of Stanford Institutional Consulting, a new business group within its global network of financial services companies. Based in Baltimore, MD, Stanford Institutional Consulting (SIC) serves the needs of both high net worth clients and institutional clients spanning education, healthcare, foundations, endowments, associations, and retirement plans, with assets ranging in size from $10 million to over $1 billion.
SIC is practitioner-driven and client-centric, providing customized and proactive advice through a solution-based approach to all aspects of its clients' portfolios, including capital markets analysis, investment manager research and opinion, and custodial selection, which will be delivered independently. SIC will be led by veteran Financial Advisor Christopher C. Aitken, CIMA, who will serve as Executive Managing Director and Senior Investment Consultant; and Stephen L. Thacker, CIMA, Managing Director, Senior Investment Consultant. Messrs. Aitken and Thacker have worked as a team for the past 15 years. Joining them will be an experienced team of financial services professionals, including: Dawn M. Pfaff - Vice President, Senior Analyst; Timothy J. Truss - Senior Analyst; Danyelle L. Berger - Senior Analyst; Ayaz Hasan - Analyst; Shari L. Serafin - Vice President, Operations Manager; Teri L. Houp - Vice President, Portfolio Administration; and Karen Doggett - Senior Portfolio Administrator.
"The formation of Stanford Institutional Consulting underscores our commitment to using our strong balance sheet to build a top-notch portfolio of institutional and wealth management services," said Sir Allen Stanford, Chairman, Stanford Financial Group of Companies. "At a time when the financial services industry is facing unprecedented challenges, the Stanford Group is poised to continue its proven track record of growth."
Laura Pendergest-Holt, Chief Investment Officer, Stanford Financial Group, added: "We are delighted this team of well-respected and seasoned professionals has chosen to bring their expertise to launch this important new business for our company. This new team has an established track record of exceptional client services, and we are confident they will help accelerate our company's growth."
Mr. Aitken brings more than 22 years financial services experience to Stanford and has been ranked among Barron's "Top 100 Financial Advisors" for the past three years and Registered Rep's "Top 100 Financial Advisors" for the past two years. Mr. Thacker brings more than 16 years experience to the company.
"The Stanford global organization has the financial resources, investment and research acumen, and dedicated management team to be a leader in developing new services and supporting new technologies to offer our clients," said Mr. Aitken. "As the number of investment options has expanded dramatically, our sophisticated client base requires a broader choice of solutions than most firms can deliver. In deciding to join Stanford Institutional Consulting, we were guided by a number of considerations of significant importance, the most essential was that it offers the freedom and support to seek out and deliver these solutions for our clients."
Prior to joining Stanford Institutional Consulting, Mr. Aitken was Managing Director for Citi-Smith Barney Institutional Consulting. He began his investment career with Smith Barney and its predecessor firm. From 2006- 2008, Mr. Aitken was named to Barron's "Top 100 Financial Advisors" and also was named to Registered Rep's "Top 100 Financial Advisors" in 2007 and 2008. He was a two-time President of the Association of Professional Consultants (APC), an independent organization dedicated to professionalism within the consulting industry. In addition, he has been a member of the Investment Management Consultants Association (IMCA) for nearly 20 years, and frequently speaks throughout the U.S. on a host of investment topics, including risk evaluation, performance measurement analysis, asset allocation, pension liability modeling, writing investment and spending policy, alternative investments, and understanding investment styles. He earned his Certified Investment Management Analyst (CIMA) designation at the Wharton School of Business at the University of Pennsylvania and holds a B.S. from the University of Maryland.
Mr. Thacker also joins the company from Citi-Smith Barney Institutional Consulting where he has served for the past 16 years, most recently as a Senior Institutional Consultant. In his new role, Mr. Thacker will provide counsel on investment policy statements, asset allocation, investment advisor research and performance reporting for foundations, endowments, hospitals, pensions and high net worth families. He is a former board member of APC and also is a member of IMCA. Thacker received his CIMA designation from the Wharton School of Business at the University of Pennsylvania and holds a B.S. from Virginia Military Institute.
In addition to Messrs. Aitken and Thacker, the following individuals have also joined at Stanford Institutional Consulting:
-- Dawn Pfaff, Vice President and Senior Analyst is responsible for managing the team of analysts at Stanford Institutional Consulting. She brings more than 20 years industry experience to Stanford and joins the company from Citi-Smith Barney Institutional Consulting, where she was Manager, Research Analyst. Her career also includes work with Legg Mason, Alex Brown/Deutsche Bank and Wachovia. Ms. Pfaff holds the Series 7, 63, 65 and 31 licenses, as well as a B.A. from Western Maryland College.
-- Timothy J. Truss, Senior Analyst also joins from Citi-Smith Barney Institutional Consulting where he was a Research Analyst. With more than 10 years financial services experience, Mr. Truss is responsible for conducting manager research, developing research reports and analyzing portfolios. He holds the Series 7, 63, and 66 licenses and an MBA from Loyola College in Maryland.
-- Danyelle Berger, Senior Analyst, brings nearly 10 years experience to Stanford Institutional Consulting and is responsible for manager and statistical analysis, performance reviews and client reporting. Prior to joining the company, she was a Research Analyst with Citi-Smith Barney Institutional Consulting. She holds the Series 7, 63, and 65 licenses and earned an MBA from Johns Hopkins University.
-- Ayaz Hasan, Analyst, spent the last two years at Citi-Smith Barney Institutional Consulting where he served in the same capacity. In his new role, Mr. Ayaz will focus on client reporting, performance analysis and manager research. He holds the Series 7 and 66 licenses and a B.S. from Towson University.
-- Shari Serafin, Vice President, Operations Manager has nearly 20 years financial services experience and most recently served as Senior Portfolio Administrator for Citi-Smith Barney Institutional Consulting. She also has worked with Prudential Securities in New York where she managed the municipal bond liaison desk. She began her career with First National Bank of Maryland where she was a Junior Fixed Income Trader. Ms. Serafin holds the Series 7, 63, 53, 65, and 31 licenses and earned a B.S. from Western Maryland College.
-- Teri Houp, Vice President, Portfolio ADMINISTRATION, joins Stanford Institutional Consulting as Administrator from Citi-Smith Barney Institutional Consulting where she has served for more than 22 years in portfolio administration. Prior to Citi, Ms. Houp held various positions with Legg Mason Wood Walker, Inc. She holds the Series 7 license.
-- Karen Doggett, Senior Portfolio Administrator, brings more than 25 years industry experience to Stanford. Most recently, Ms. Doggett worked in portfolio administration with Citi-Smith Barney Institutional Consulting, prior to which she worked with George K. Baum & Co. where she held the positions of First Vice President, Municipal Syndicate and Vice President of Operations. Ms. Doggett holds the Series 7, 66 and 31 licenses, as well as a M. Ed. and a B.S. from Indiana University of Pennsylvania.
Executives at Stanford Institutional Consulting can be reached at:
Stanford Institutional Consulting
A Division of Stanford Capital Management
2800 Quarry Lake Drive, First Floor
Baltimore, MD 21209
Main Number: +1-410-753-9600
Toll Free: +1-866-410-9920
www.stanfordinstitutionalconsulting.com
About Stanford Financial Group
Stanford Financial Group is a privately held global network of independent, affiliated financial services companies led by Chairman and CEO Sir Allen Stanford. The first Stanford company was founded by his grandfather, Lodis B. Stanford in 1932. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies.
The Stanford Financial Group of companies provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, award-winning policy and equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford has over $50 billion in assets under management or advisement. Stanford Financial has made it a priority to invest in the communities in which it operates across the globe through signature corporate philanthropy initiatives with nonprofit organizations such as St. Jude Children's Research Hospital and countless local and national charities that strengthen communities.
SOURCE: Stanford Financial Group
SIC is practitioner-driven and client-centric, providing customized and proactive advice through a solution-based approach to all aspects of its clients' portfolios, including capital markets analysis, investment manager research and opinion, and custodial selection, which will be delivered independently. SIC will be led by veteran Financial Advisor Christopher C. Aitken, CIMA, who will serve as Executive Managing Director and Senior Investment Consultant; and Stephen L. Thacker, CIMA, Managing Director, Senior Investment Consultant. Messrs. Aitken and Thacker have worked as a team for the past 15 years. Joining them will be an experienced team of financial services professionals, including: Dawn M. Pfaff - Vice President, Senior Analyst; Timothy J. Truss - Senior Analyst; Danyelle L. Berger - Senior Analyst; Ayaz Hasan - Analyst; Shari L. Serafin - Vice President, Operations Manager; Teri L. Houp - Vice President, Portfolio Administration; and Karen Doggett - Senior Portfolio Administrator.
"The formation of Stanford Institutional Consulting underscores our commitment to using our strong balance sheet to build a top-notch portfolio of institutional and wealth management services," said Sir Allen Stanford, Chairman, Stanford Financial Group of Companies. "At a time when the financial services industry is facing unprecedented challenges, the Stanford Group is poised to continue its proven track record of growth."
Laura Pendergest-Holt, Chief Investment Officer, Stanford Financial Group, added: "We are delighted this team of well-respected and seasoned professionals has chosen to bring their expertise to launch this important new business for our company. This new team has an established track record of exceptional client services, and we are confident they will help accelerate our company's growth."
Mr. Aitken brings more than 22 years financial services experience to Stanford and has been ranked among Barron's "Top 100 Financial Advisors" for the past three years and Registered Rep's "Top 100 Financial Advisors" for the past two years. Mr. Thacker brings more than 16 years experience to the company.
"The Stanford global organization has the financial resources, investment and research acumen, and dedicated management team to be a leader in developing new services and supporting new technologies to offer our clients," said Mr. Aitken. "As the number of investment options has expanded dramatically, our sophisticated client base requires a broader choice of solutions than most firms can deliver. In deciding to join Stanford Institutional Consulting, we were guided by a number of considerations of significant importance, the most essential was that it offers the freedom and support to seek out and deliver these solutions for our clients."
Prior to joining Stanford Institutional Consulting, Mr. Aitken was Managing Director for Citi-Smith Barney Institutional Consulting. He began his investment career with Smith Barney and its predecessor firm. From 2006- 2008, Mr. Aitken was named to Barron's "Top 100 Financial Advisors" and also was named to Registered Rep's "Top 100 Financial Advisors" in 2007 and 2008. He was a two-time President of the Association of Professional Consultants (APC), an independent organization dedicated to professionalism within the consulting industry. In addition, he has been a member of the Investment Management Consultants Association (IMCA) for nearly 20 years, and frequently speaks throughout the U.S. on a host of investment topics, including risk evaluation, performance measurement analysis, asset allocation, pension liability modeling, writing investment and spending policy, alternative investments, and understanding investment styles. He earned his Certified Investment Management Analyst (CIMA) designation at the Wharton School of Business at the University of Pennsylvania and holds a B.S. from the University of Maryland.
Mr. Thacker also joins the company from Citi-Smith Barney Institutional Consulting where he has served for the past 16 years, most recently as a Senior Institutional Consultant. In his new role, Mr. Thacker will provide counsel on investment policy statements, asset allocation, investment advisor research and performance reporting for foundations, endowments, hospitals, pensions and high net worth families. He is a former board member of APC and also is a member of IMCA. Thacker received his CIMA designation from the Wharton School of Business at the University of Pennsylvania and holds a B.S. from Virginia Military Institute.
In addition to Messrs. Aitken and Thacker, the following individuals have also joined at Stanford Institutional Consulting:
-- Dawn Pfaff, Vice President and Senior Analyst is responsible for managing the team of analysts at Stanford Institutional Consulting. She brings more than 20 years industry experience to Stanford and joins the company from Citi-Smith Barney Institutional Consulting, where she was Manager, Research Analyst. Her career also includes work with Legg Mason, Alex Brown/Deutsche Bank and Wachovia. Ms. Pfaff holds the Series 7, 63, 65 and 31 licenses, as well as a B.A. from Western Maryland College.
-- Timothy J. Truss, Senior Analyst also joins from Citi-Smith Barney Institutional Consulting where he was a Research Analyst. With more than 10 years financial services experience, Mr. Truss is responsible for conducting manager research, developing research reports and analyzing portfolios. He holds the Series 7, 63, and 66 licenses and an MBA from Loyola College in Maryland.
-- Danyelle Berger, Senior Analyst, brings nearly 10 years experience to Stanford Institutional Consulting and is responsible for manager and statistical analysis, performance reviews and client reporting. Prior to joining the company, she was a Research Analyst with Citi-Smith Barney Institutional Consulting. She holds the Series 7, 63, and 65 licenses and earned an MBA from Johns Hopkins University.
-- Ayaz Hasan, Analyst, spent the last two years at Citi-Smith Barney Institutional Consulting where he served in the same capacity. In his new role, Mr. Ayaz will focus on client reporting, performance analysis and manager research. He holds the Series 7 and 66 licenses and a B.S. from Towson University.
-- Shari Serafin, Vice President, Operations Manager has nearly 20 years financial services experience and most recently served as Senior Portfolio Administrator for Citi-Smith Barney Institutional Consulting. She also has worked with Prudential Securities in New York where she managed the municipal bond liaison desk. She began her career with First National Bank of Maryland where she was a Junior Fixed Income Trader. Ms. Serafin holds the Series 7, 63, 53, 65, and 31 licenses and earned a B.S. from Western Maryland College.
-- Teri Houp, Vice President, Portfolio ADMINISTRATION, joins Stanford Institutional Consulting as Administrator from Citi-Smith Barney Institutional Consulting where she has served for more than 22 years in portfolio administration. Prior to Citi, Ms. Houp held various positions with Legg Mason Wood Walker, Inc. She holds the Series 7 license.
-- Karen Doggett, Senior Portfolio Administrator, brings more than 25 years industry experience to Stanford. Most recently, Ms. Doggett worked in portfolio administration with Citi-Smith Barney Institutional Consulting, prior to which she worked with George K. Baum & Co. where she held the positions of First Vice President, Municipal Syndicate and Vice President of Operations. Ms. Doggett holds the Series 7, 66 and 31 licenses, as well as a M. Ed. and a B.S. from Indiana University of Pennsylvania.
Executives at Stanford Institutional Consulting can be reached at:
Stanford Institutional Consulting
A Division of Stanford Capital Management
2800 Quarry Lake Drive, First Floor
Baltimore, MD 21209
Main Number: +1-410-753-9600
Toll Free: +1-866-410-9920
www.stanfordinstitutionalconsulting.com
About Stanford Financial Group
Stanford Financial Group is a privately held global network of independent, affiliated financial services companies led by Chairman and CEO Sir Allen Stanford. The first Stanford company was founded by his grandfather, Lodis B. Stanford in 1932. Stanford's core businesses are private wealth management and investment banking for institutions and emerging growth companies.
The Stanford Financial Group of companies provides private and institutional investors with global expertise in asset allocation strategies, investment advisory services, award-winning policy and equity research, international private banking and trust administration, commercial banking, investment banking, merchant banking, institutional sales and trading, real estate investment and insurance. Stanford has over $50 billion in assets under management or advisement. Stanford Financial has made it a priority to invest in the communities in which it operates across the globe through signature corporate philanthropy initiatives with nonprofit organizations such as St. Jude Children's Research Hospital and countless local and national charities that strengthen communities.
SOURCE: Stanford Financial Group
BearingPoint Ranks 11th in 2008 InformationWeek China Top 100
BearingPoint, Inc. (OTCBB:BGPT), one of the world’s largest management and technology consulting firms, announced today that it ranked 11th in the 2008 InformationWeek China Top 100.
The InformationWeek China Top 100 tracks the technology practices of China’s most innovative companies. The study offers a unique look at the business technology strategies, investments and practices of some of China's best-known companies. This year, the report covers more than 7,000 companies in nearly 40 industries.
BearingPoint received the ranking because of its success in IT innovation and deployment among some of China’s leading technology users.
“It is our great honor to be ranked in the InformationWeek China Top 100,” said Ron Machan, CEO of BearingPoint China. “As a leading management and technology consulting company, BearingPoint is dedicated to helping our clients meet their most pressing challenges and achieve their business objectives by providing the world-class solutions that leverage innovative technologies. We will continue to embrace technological innovation and help our clients not only adapt to an ever-changing technological landscape but capitalize on it to lead success in their businesses.”
This is the third time BearingPoint China was named to the InformationWeek China Top 100 list. The company ranked 16th in 2005 and 9th in 2006.
About BearingPoint, Inc.
BearingPoint, Inc. (OTCBB:BGPT) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.
The InformationWeek China Top 100 tracks the technology practices of China’s most innovative companies. The study offers a unique look at the business technology strategies, investments and practices of some of China's best-known companies. This year, the report covers more than 7,000 companies in nearly 40 industries.
BearingPoint received the ranking because of its success in IT innovation and deployment among some of China’s leading technology users.
“It is our great honor to be ranked in the InformationWeek China Top 100,” said Ron Machan, CEO of BearingPoint China. “As a leading management and technology consulting company, BearingPoint is dedicated to helping our clients meet their most pressing challenges and achieve their business objectives by providing the world-class solutions that leverage innovative technologies. We will continue to embrace technological innovation and help our clients not only adapt to an ever-changing technological landscape but capitalize on it to lead success in their businesses.”
This is the third time BearingPoint China was named to the InformationWeek China Top 100 list. The company ranked 16th in 2005 and 9th in 2006.
About BearingPoint, Inc.
BearingPoint, Inc. (OTCBB:BGPT) is one of the world's largest providers of management and technology consulting services to Global 2000 companies and government organizations in more than 60 countries worldwide. Based in McLean, Va., the firm has approximately 16,000 employees focusing on the Public Services, Commercial Services and Financial Services industries. BearingPoint professionals have built a reputation for knowing what it takes to help clients achieve their goals, and working closely with them to get the job done. Our service offerings are designed to help our clients generate revenue, increase cost-effectiveness, manage regulatory compliance, integrate information and transition to “next-generation” technology. For more information, visit the Company's Web site at www.BearingPoint.com.
Alternative Consulting Source Offers Complimentary "2009 Business Outlook"
Have you heard all you need to from the established think tanks and ubiquitous data dumpers about next year's business climate? Steven Mark Weiss, author of this year's highly praised SIGNS OF SUCCESS: The Remarkable Power of Business Astrology (AMACOM, New York, 2008) offers a captivatingly cosmic consideration of the way business forces will play out in the coming year. Addressing topics from asset appreciation to product positioning to human resource hot buttons, Weiss goes to 'astronomical' lengths to make sense of a year that will assuredly be one of the most challenging in recent memory.
Among the specific issues addressed in Weiss' "2009: Business Outlook" report are:
- What is the message that must be part of all business communications next year?
- What will be the Obama effect on business relationships and the economy?
- What is the essence of "value" to customers in these trying times?
- What are the nation's workers really thinking and likely to do en masse next?
- Why are partnerships in particular a potential problem area?
- Why is the 1979/1980 time period so instructive at this time?
- What are some viable icons to use in advertising & marketing (29 of them!)?
The report is entirely free of astrological jargon and can therefore be easily comprehended by the astrologically uninitiated. Best of all, the seven-page report is free and can be accessed via e-mail at www.stevenmarkweiss.com.
"It really is time to give a little business respect to the right brain, non-linear capacities of our intelligence," says Weiss. "This report is an attempt to go beyond the ordinary in our thinking by accessing a mode of inquiry that has leant valuable insight to mankind and many of its most distinguished leaders for the past 5,000 years. Certainly these extraordinary times call for a willingness to reach beyond our comfort zones."
Contact: Steven Mark Weiss / 480-483-9420 / smw@stevenmarkweiss.com
Steven Mark Weiss is an acclaimed business journalist, trends consultant and practicing astrologer. Steve is the author of SIGNS OF SUCCESS: The Remarkable Power of Business Astrology. For further information, please visit www.stevenmarkweiss.com.
Among the specific issues addressed in Weiss' "2009: Business Outlook" report are:
- What is the message that must be part of all business communications next year?
- What will be the Obama effect on business relationships and the economy?
- What is the essence of "value" to customers in these trying times?
- What are the nation's workers really thinking and likely to do en masse next?
- Why are partnerships in particular a potential problem area?
- Why is the 1979/1980 time period so instructive at this time?
- What are some viable icons to use in advertising & marketing (29 of them!)?
The report is entirely free of astrological jargon and can therefore be easily comprehended by the astrologically uninitiated. Best of all, the seven-page report is free and can be accessed via e-mail at www.stevenmarkweiss.com.
"It really is time to give a little business respect to the right brain, non-linear capacities of our intelligence," says Weiss. "This report is an attempt to go beyond the ordinary in our thinking by accessing a mode of inquiry that has leant valuable insight to mankind and many of its most distinguished leaders for the past 5,000 years. Certainly these extraordinary times call for a willingness to reach beyond our comfort zones."
Contact: Steven Mark Weiss / 480-483-9420 / smw@stevenmarkweiss.com
Steven Mark Weiss is an acclaimed business journalist, trends consultant and practicing astrologer. Steve is the author of SIGNS OF SUCCESS: The Remarkable Power of Business Astrology. For further information, please visit www.stevenmarkweiss.com.
CV Technology Explosion Consulting Takes New Practical Approach in Comprehensive Explosive Dust Analysis
Standardized test protocols alone do not offer the necessary perspective to define dust explosion risk. There are variances in the conditions surrounding the tests and the environment from which the samples were drawn that are not traditionally considered when interpreting the results. CV Technology consultants compliment the test data by specifying the testing protocols and coordinating with laboratories to make sure that a true picture of the dust risk is obtained. The results are then adapted into a comprehensive dust explosion protection and mitigation solution.
Bill Stevenson, Vice President of Engineering for CV Technology, international leader in explosion consulting and mitigation, points out, "A proper risk analysis not only identifies and minimizes the conditions that foster explosion, but in most cases a well formed mitigation strategy can prevent fatal injury if an explosion were to occur."
Test labs are not expected to know the conditions in the plant, nor should the lab make decisions on the test with only an eye toward establishing a worst-case result. The place to seek help is with a qualified and complete risk analysis.
Standard ASTM E 1226 (Standard Test Method for Pressure and Rate of Pressure Rise for Combustible Dusts) and 2019 (Standard Test Method for Minimum Ignition Energy of a Dust Cloud in Air) tests can only give half the story. Their main purpose is to determine whether or not the dust being handled is explosible. "While preconditioned tests provide valuable insight", adds Stevenson, "relying solely on published data can lead to false conclusions resulting in over sizing and otherwise wasting money on unnecessary and/or insufficient explosion protection schemes."
Bill Stevenson has written a full article on this topic; "Testing Essential to Establish Risk For Dust Explosion" and is available on the CV Technology corporate website: www.cvtechnology.com.
http://www.cvtechnology.com/testing-essential-establish-risk-dust-explosion.htm
CV Technology provides strategic consulting to examine the needs of each client and assess the risk of dust explosion. In addition, CV Technology manufactures products that are designed to prevent or mitigate dust explosions. Isolation Valves, Rupture Discs and Panels, and Flameless Vents are custom tailored to minimize (and in some cases prevent) any damage or other interruptions to the process if an explosion were to happen
More Information:
http://www.cvtechnology.com/pas_consultingServices.html
http://www.cvtechnology.com/pas_explosionPrevention.html
Bill Stevenson, Vice President of Engineering for CV Technology, international leader in explosion consulting and mitigation, points out, "A proper risk analysis not only identifies and minimizes the conditions that foster explosion, but in most cases a well formed mitigation strategy can prevent fatal injury if an explosion were to occur."
Test labs are not expected to know the conditions in the plant, nor should the lab make decisions on the test with only an eye toward establishing a worst-case result. The place to seek help is with a qualified and complete risk analysis.
Standard ASTM E 1226 (Standard Test Method for Pressure and Rate of Pressure Rise for Combustible Dusts) and 2019 (Standard Test Method for Minimum Ignition Energy of a Dust Cloud in Air) tests can only give half the story. Their main purpose is to determine whether or not the dust being handled is explosible. "While preconditioned tests provide valuable insight", adds Stevenson, "relying solely on published data can lead to false conclusions resulting in over sizing and otherwise wasting money on unnecessary and/or insufficient explosion protection schemes."
Bill Stevenson has written a full article on this topic; "Testing Essential to Establish Risk For Dust Explosion" and is available on the CV Technology corporate website: www.cvtechnology.com.
http://www.cvtechnology.com/testing-essential-establish-risk-dust-explosion.htm
CV Technology provides strategic consulting to examine the needs of each client and assess the risk of dust explosion. In addition, CV Technology manufactures products that are designed to prevent or mitigate dust explosions. Isolation Valves, Rupture Discs and Panels, and Flameless Vents are custom tailored to minimize (and in some cases prevent) any damage or other interruptions to the process if an explosion were to happen
More Information:
http://www.cvtechnology.com/pas_consultingServices.html
http://www.cvtechnology.com/pas_explosionPrevention.html
Blue Jay Consulting Improving Emergency Departments Across the Country
Blue Jay Consulting, leaders in emergency department optimization, is showing a healthy balance sheet despite the weakening economy.
November was Blue Jay Consulting's most profitable month. With 16 employees on the payroll, this initially boot-strapped two-year-old firm is now a $4 million company with new hires, new business and leads in the pipeline.
Blue Jay Consulting is working in a number of hospitals across the country, from major academic teaching hospitals to community health care facilities, including Plains Regional Medical Center in New Mexico, Henry Medical Center in Georgia, Monongalia General Hospital in West Virginia and North Florida Regional Medical Center in Florida.
In economic downturns, statistics show the number of emergency visits across the country rise. Since hospitals cannot necessarily enhance brick and mortar to get around this increased volume, administrators and boards are looking for other means to improve the care they provide.
Emergency Departments across the country turn to Blue Jay Consulting to optimize labor productivity and throughput in order to compete. Blue Jay enables emergency departments to make improvements in patient flow without additional capital expenditures.
"These days, investment income is down and access to capital is constrained so hospitals are looking at every opportunity to improve operations," said Jim Hoelz, Managing Partner, Blue Jay Consulting. "It's very important to improve operations and focus on providing quality patient care. In the long run it makes sense financially and ethically."
Blue Jay Consulting is comprised of nationally recognized emergency care experts who implement effective, lasting changes to optimize service and throughput in hospital emergency departments. Blue Jay creates outcome-oriented solutions and achieves quantifiable results through process improvement services and enhanced interim leadership.
The firm recently brought on board William R. Welsh, RN, MSN, MBA as Director, as well as William J. Stewart, RN, BSN, MSN(c), CEN, EMT-LP as a Consultant to join Blue Jay Consulting's unmatched professional team. The firm hand picks its team with as much care as it approaches its work. The firm's reputation and long-term success is based solely on the quality of the people on the team.
Most recently, Mr. Welsh was a senior manager for one of the leading health care consulting firms in the US. He focused on improving patient care and the flow of patients within the ED and on inpatient units. He assisted clients to decrease the number of patients who leave the ED without being seen and improved patient wait times in the ED prior to discharge and admission. Prior to this, Mr. Welsh held positions as a director of an urban ED with over 46,000 annual visits and as an ED clinical nurse specialist in a Level I Trauma Center.
Mr. Welsh has lectured nationally and regionally on a number of leadership and clinical topics pertaining to emergency care, customer service and working with consultants. He has been an active member of the Emergency Nurses Association for over 25 years, serving as a national committee member and a state council president. He received his MSN, with a focus in emergency care, from the University of Texas Health Science Center and is a graduate of the Executive MBA program at Temple University.
Mr. Stewart is a Certified Emergency Nurse and most recently led a 58,000-visit emergency department for 6 years. Mr. Stewart worked at one of Texas' leading tertiary referral centers for 16 years. His roles included providing direct patient care in a Level II trauma center, charge nurse, and nurse manager of a 41-bed department with 94 FTEs and 130 total staff roster. Mr. Stewart assisted in facilitating the merger of St. Mary of the Plains Hospital and Methodist Hospital Emergency Departments to become the Covenant Health System Emergency Department in Lubbock, Texas. He has participated in many quality and performance improvement initiatives and has implemented a proven shared governance structure on his unit.
This shared governance structure has assisted in recruitment and retention of qualified staff that provides emergency care to patients of all ages. His department also had region-wide recognition as a leader in trauma and cardiac care.
Mr. Stewart holds a Bachelor of Science in Nursing from Texas Tech University Health Science Center and is currently in the Master of Nursing Administration Program. He is an active member of the Emergency Nurses Association and will serve as the 2009 President for the Texas State Emergency Nurses Association.
ABOUT BLUE JAY CONSULTING
Blue Jay Consulting is comprised of nationally recognized emergency care experts who implement effective, lasting changes to optimize service and throughput in hospital emergency departments. Blue Jay creates outcome-oriented solutions and achieves quantifiable results through process improvement services and enhanced interim leadership. We empower hospitals to be the best they can be. For further information, please visit www.bluejayconsulting.com.
November was Blue Jay Consulting's most profitable month. With 16 employees on the payroll, this initially boot-strapped two-year-old firm is now a $4 million company with new hires, new business and leads in the pipeline.
Blue Jay Consulting is working in a number of hospitals across the country, from major academic teaching hospitals to community health care facilities, including Plains Regional Medical Center in New Mexico, Henry Medical Center in Georgia, Monongalia General Hospital in West Virginia and North Florida Regional Medical Center in Florida.
In economic downturns, statistics show the number of emergency visits across the country rise. Since hospitals cannot necessarily enhance brick and mortar to get around this increased volume, administrators and boards are looking for other means to improve the care they provide.
Emergency Departments across the country turn to Blue Jay Consulting to optimize labor productivity and throughput in order to compete. Blue Jay enables emergency departments to make improvements in patient flow without additional capital expenditures.
"These days, investment income is down and access to capital is constrained so hospitals are looking at every opportunity to improve operations," said Jim Hoelz, Managing Partner, Blue Jay Consulting. "It's very important to improve operations and focus on providing quality patient care. In the long run it makes sense financially and ethically."
Blue Jay Consulting is comprised of nationally recognized emergency care experts who implement effective, lasting changes to optimize service and throughput in hospital emergency departments. Blue Jay creates outcome-oriented solutions and achieves quantifiable results through process improvement services and enhanced interim leadership.
The firm recently brought on board William R. Welsh, RN, MSN, MBA as Director, as well as William J. Stewart, RN, BSN, MSN(c), CEN, EMT-LP as a Consultant to join Blue Jay Consulting's unmatched professional team. The firm hand picks its team with as much care as it approaches its work. The firm's reputation and long-term success is based solely on the quality of the people on the team.
Most recently, Mr. Welsh was a senior manager for one of the leading health care consulting firms in the US. He focused on improving patient care and the flow of patients within the ED and on inpatient units. He assisted clients to decrease the number of patients who leave the ED without being seen and improved patient wait times in the ED prior to discharge and admission. Prior to this, Mr. Welsh held positions as a director of an urban ED with over 46,000 annual visits and as an ED clinical nurse specialist in a Level I Trauma Center.
Mr. Welsh has lectured nationally and regionally on a number of leadership and clinical topics pertaining to emergency care, customer service and working with consultants. He has been an active member of the Emergency Nurses Association for over 25 years, serving as a national committee member and a state council president. He received his MSN, with a focus in emergency care, from the University of Texas Health Science Center and is a graduate of the Executive MBA program at Temple University.
Mr. Stewart is a Certified Emergency Nurse and most recently led a 58,000-visit emergency department for 6 years. Mr. Stewart worked at one of Texas' leading tertiary referral centers for 16 years. His roles included providing direct patient care in a Level II trauma center, charge nurse, and nurse manager of a 41-bed department with 94 FTEs and 130 total staff roster. Mr. Stewart assisted in facilitating the merger of St. Mary of the Plains Hospital and Methodist Hospital Emergency Departments to become the Covenant Health System Emergency Department in Lubbock, Texas. He has participated in many quality and performance improvement initiatives and has implemented a proven shared governance structure on his unit.
This shared governance structure has assisted in recruitment and retention of qualified staff that provides emergency care to patients of all ages. His department also had region-wide recognition as a leader in trauma and cardiac care.
Mr. Stewart holds a Bachelor of Science in Nursing from Texas Tech University Health Science Center and is currently in the Master of Nursing Administration Program. He is an active member of the Emergency Nurses Association and will serve as the 2009 President for the Texas State Emergency Nurses Association.
ABOUT BLUE JAY CONSULTING
Blue Jay Consulting is comprised of nationally recognized emergency care experts who implement effective, lasting changes to optimize service and throughput in hospital emergency departments. Blue Jay creates outcome-oriented solutions and achieves quantifiable results through process improvement services and enhanced interim leadership. We empower hospitals to be the best they can be. For further information, please visit www.bluejayconsulting.com.
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