Thursday, September 30, 2010

Merrill Lynch & Capgemini's Fifth Annual Asia–Pacific Wealth Report: Asia-Pacific HNWI Wealth and Population Rebound Past Pre–Crisis Levels

Asia–Pacific’s population of high net worth individuals (HNWIs[1]) rose 25.8 percent to 3.0 million in 2009, catching up with Europe’s HWNI population for the first time, according to the 2010 Asia–Pacific Wealth Report released today by Merrill Lynch Global Wealth Management and Capgemini. Asia–Pacific HWNI wealth also surged 30.9 percent to US$9.7 trillion in 2009, erasing losses seen in 2008 and surpassing that of Europe’s HWNI wealth in 2009. The number of ultra–HNWIs[2] in Asia–Pacific rose 36.7 percent to 19,600, while ultra–HNWI wealth jumped 42.6 percent in 2009.

“Asia–Pacific’s HNWI population matching Europe’s for the first time highlights the region’s growth potential, with China and India at the forefront and Japan remaining an important market,” said Wilson So, interim Head of Asia–Pacific Wealth Management at Merrill Lynch Global Wealth Management. “The region holds much promise and is a strategic focus for every wealth management firm with global aspirations.”

Asia–Pacific HNWI Wealth and Population Still Highly Concentrated


The top three countries—Japan, China and Australia— accounted for 76.1 percent of the Asia–Pacific HNWI population and 70.0 percent of its HNWI wealth in 2009. Japan and China together were home to 70.4 percent of HNWIs in the region and 64.6 percent of regional HNWI wealth, up from 51.8 percent and 62.8 percent respectively a year before.

Japan is by far the single largest HNWI market in Asia–Pacific. Alone it accounted for 54.6 percent of the Asia–Pacific HNWI population and 40.3 percent of its wealth at the end of 2009. At the same time, growth in Japan was less than in other markets due to the slowdown in Japan’s macroeconomic growth and the relatively weak performance of its stock markets.

China remained the second–largest HNWI base in the region, and fourth–largest in the world, with 477,000 HNWIs, up 31.0 percent from the previous year.

“Asia–Pacific proved to be the most resilient region in the economic crisis,” added Bertrand Lavayssière, Managing Director Global Financial Services, Capgemini. “Theregion’s aggregate growth is likely to outpace the world economy in 2010 and 2011, as domestic demand and intra–regional trade help to offset any ongoing weakness in exports to advanced economies.”

Growth Abounds for HNWIs in Asia–Pacific

Hong Kong’s HNWI population had the highest percentage gain in the world, up 104.4 percent to 76,000. This growth, however, did not fully recoup the large declines Hong Kong saw in 2008. Despite significant gains in key market drivers of wealth, particularly equities and real estate, the number of HNWIs in Hong Kong at the end of 2009 was still only 79 percent of the number at the end of 2007.

India also saw strong growth in 2009 with its HNWI population and wealth increasing 50.9 percent and 53.8 percent respectively. Helping drive this recovery in India were resurgent stock–markets, as well as strength in the underlying economy, allowing the country to fully recover its HNWI wealth and population to pre–crisis levels.

The Future for Asia–Pacific HNWIs

Faster economic growth, coupled with improving business conditions, should fuel expansion in the HNWI segment as business ownership and income account for 73 percent of all HNWI wealth in Asia–Pacific, excluding Japan. Moving forward, China and India will lead the way in the region with economic expansion and HNWI growth likely to keep outpacing more developed economies.

Asia–Pacific HNWIs Increase Allocations to Equities and Real Estate

In 2009, Asia–Pacific market drivers of wealth, particularly equities and real estate, regained significant ground after hefty losses in 2008. Asia–Pacific HNWI investors ended 2009 with 27 percent of their assets held in equities, up from 23 percent a year earlier, as they headed back into the equity markets and equity–asset values rose, especially in emerging markets. The share of Asia–Pacific HNWI assets dedicated to real estate rivaled that of equities – rising to 26 percent from 22 percent, as real estate prices recovered across major markets in the region. This brought allocations back to pre–crisis levels and reversed the crisis–driven flight to cash–based instruments.

The proportion of Asia–Pacific HNWI assets allocated to cash–based instruments dropped to 22 percent in 2009 from 29 percent in 2008 and fixed–income investments accounted for only 20 percent of assets, unchanged from 2008. In addition, Asia–Pacific HNWIs remained primarily invested in their home regions in 2009, though the proportion invested outside the region rose to 36 percent from 33 percent a year earlier.

Looking toward the future, Asia–Pacific HNWIs’ allocations to equities and fixed–income instruments are expected to increase by 2011 and relative holdings of cash–based and real–estate holdings are expected to decline as HNWIs seek to rebalance their portfolios. In addition, home–region allocations are expected to decline as Asia–Pacific HNWIs pursue returns and opportunities elsewhere, especially in the emerging markets of Latin America and Africa.

Still, real estate will remain a key financial asset class for HNWIs in Asia–Pacific, given that other investment options are more limited than in developed markets. Real estate also provides Asia–Pacific HNWIs with an opportunity to invest in familiar markets, while still diversifying their holdings.

New Traits Emerge in Asia–Pacific HNWIs Post–Crisis

In the aftermath of the financial crisis, Asia–Pacific HNWIs, much like their counterparts globally, were forced to re–evaluate their investment goals, strategies, asset allocations and risk profiles. But despite financial–market recovery and a positive economic outlook for the region, Asia–Pacific HNWIs remain cautious. They want a choice of suitable products and services that will properly align to their risk profiles and help achieve a more balanced asset allocation across their portfolios. They want to better understand exactly what they are investing in, where it is held and how it is valued, and are demanding more value–added advice and investment options that properly align with their investment goals.

However, as wealth management firms in the region try to adapt their strategies to meet the new needs of Asia Pacific HNW clients, issues of investor diversity, industry maturity, market evolution, and regulations present challenges to implementing strategic change.

Key to Success is Holistic Management of Client Demands and Resulting Operational Impact

Post–crisis, Asia–Pacific wealth management firms will need to work hard to satisfy the new and evolving needs of their HNW clients. Truly implementing their chosen client strategies, while also navigating the operational and regulatory hurdles, also highlights the shrinking margins and talent shortage that currently accompany the wealth management industry in Asia–Pacific.

The path each firm takes will naturally depend on its identity (size, geographic footprint, and target segments). As Firms embrace product and service diversity, innovative client servicing models and the build out of their capabilities to help capture the longer–term opportunities in this expanding market are important. The key will be to take a holistic approach to managing these moving parts while creating effective and strategic operational change.

[1] HNWIs are defined as those having investable assets of US$1 million or more, excluding primary residence, collectibles, consumables, and consumer durables

[2] Ultra–HNWIs are defined as those having investable assets of US$30 million or more, excluding primary residence, collectibles, consumables, and consumer durables

About Merrill Lynch Global Wealth Management

Merrill Lynch Global Wealth Management (GWM) is a leading provider of comprehensive wealth management and investment services for individuals and businesses globally. With more than 15,100 Financial Advisors/Private Wealth Managers and approximately $1.4 trillion in client assets as of June 30, 2010, it is among the largest businesses of its kind in the world. More than two–thirds of GWM relationships are with clients who have a net worth of $1 million or more. Within GWM, the Private Banking & Investment Group provides tailored solutions to ultra high net worth clients, offering both the intimacy of a boutique and the resources of a premier global financial services company. These clients are served by Private Wealth Managers, along with experts in areas such as investment management, concentrated stock management and intergenerational wealth transfer strategies. Merrill Lynch Wealth Management is part of Bank of America Corporation.

About Capgemini

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working – the Collaborative Business Experience – and through a global delivery model called Rightshore®, which aims to offer the right resources in the right location at competitive cost. Present in more than 30 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion and employs 90,000 people worldwide. More information is available at www.capgemini.com.

Capgemini’s Financial Services Global Business Unit (FS GBU) brings deep industry experience, enhanced service offerings and next generation global delivery to serve the financial services industry. With a network of 12,000 professionals serving over 900 clients worldwide, the FS GBU collaborates with leading companies in banking, insurance, and capital markets to create tangible value. For more information please visit www.capgemini.com/financialservices.

Wednesday, September 29, 2010

Sirius Solutions Announces New Leader for its Legal and Economic Consulting Practice

Sirius Solutions, L.L.L.P. (Sirius Solutions) today announced David Leathers joins the firm as a Managing Director. David brings decades of experience assisting companies, boards of directors, individuals and legal counsel with economic, valuation and accounting issues that arise during transactions, disputes and investigations. David's practice focuses on the technology and energy sectors where he often advises clients on the economic impact resulting from various business events and negotiation decisions, and on valuation and financial issues in connection with intellectual property and complex commercial disputes.

At Sirius, David will oversee the Firms' Commercial Dispute, Intellectual Property, Investigations, Business Interruption, and E-discovery and Forensic Technology services. Prior to joining Sirius Solutions, David was a Managing Director at Huron Consulting Group, where he led Huron's Disputes and Investigations practice for the Southwestern United States. Previously he was a Vice President of Charles River Associates, and a Principal and Senior Consultant at PricewaterhouseCoopers LLP.

Leathers said, "I look forward to the opportunity to expand Sirius' Legal and Economic Consulting services to corporate counsel throughout the United States. Our goal is to partner with our clients to achieve efficient and cost effective results throughout the litigation lifecycle."

Commenting on the addition Kristi Chickering, CEO Sirius Solutions, said, "Adding David to our team further displays our commitment to providing our clients access to high-level, seasoned consultants. With David at the helm, our Legal and Economic Consulting services will continue to expand and achieve best outcome solutions."

About Sirius Solutions

Sirius Solutions, L.L.L.P. is an independent business consulting firm specializing in the areas of Financial Advisory, Business Operations, Compliance & Controls, Legal & Economic Advisory and Technology. Our mission is to integrate conflict-free consulting and deep subject matter expertise for senior management, providing sustainable solutions to complex business challenges. With a base of professionals averaging more than 15 years experience, we serve clients in over forty countries across a wide range of industries, including construction, energy, financial services, health care, manufacturing and transportation. Sirius Solutions is headquartered in Houston, Texas and has offices in London, New York, Dallas and Denver. Sirius Solutions is not a CPA firm.

Risk Management Associates Welcomes New Hire, Michael R. Epperly, Esq.

Security consulting firm, Risk Management Associates, Inc. (RMA), recently added an in-house counsel and gained a valuable investigative asset in Michael Epperly. Epperly, a graduate of Campbell University and former law enforcement officer, will serve as the firm’s Legal Counsel, focusing on corporate compliance and ethics issues. He will also serve as a consultant and investigator to the firm’s clients.

Epperly, a native of Roanoke, Virginia, received his Juris Doctorate degree in 2002, and served in various investigative capacities in Virginia law enforcement before moving to North Carolina to begin his legal career. Prior to his hiring by RMA, Epperly worked for the NC Attorney General’s office and as the lead investigator for the NC Innocence Commission, where he investigated post-conviction claims of innocence by examining new evidence not presented at trial. Epperly also served as an intelligence officer in the US Navy.

“I’m very excited to put my skills and experience to use in a security consulting capacity,” said Epperly. “Private sector security has always been important to me because of its bearing on our national security. The more we learn about the operations and financing of organizations that threaten our national interests, the more it appears that the business community will be at the forefront of our national security efforts. Whether it is through protection of critical infrastructure, sustainability planning, or compliance with the laws designed to deny financing and other resources to our enemies, the business community has and will continue to play an increasingly significant role in our nation’s overall security effort.”

Epperly’s primary goal is to work in partnership with RMA’s clients to find “innovative, workable solutions that enable them to meet their comprehensive security goals – especially where others have tried and failed or informed them that those goals were unattainable.”

About Risk Management Associates, Inc.

Risk Management Associates (RMA) is a security consulting, design, training, and investigation company. Since its inception in 1988, RMA has become an industry leader, providing comprehensive security solutions to large and small clients in a variety of industries and geographic locations. With a philosophy based on mutual trust, respect and integrity, they exceed their clients' expectations by providing services that are tailored to their specific needs and budget. To learn more, visit http://www.rmasecurity.com.

Update on Huron Consulting Group long term shareholder lawsuit

In August 2009 a Huron Consulting Group investor filed a lawsuit on behalf of all purchasers of Huron Consulting Group, Inc. (Nasdaq:HURN) stock, who purchased their shares between April 27, 2006 and July 31, 2009, against Huron Consulting Group, Inc over alleged Securities Laws violations. Shortly after the lawsuit against Huron Consulting Group long term investors in Huron Consulting Group,

Inc. (NASDAQ:HURN) filed a lawsuit in effort to hold certain current and/or former members of Huron’s board of directors and executive officers liable in connection with the alleged Securities Laws violations.

If you are a current long term investor in Huron Consulting Group (NASDAQ:HURN), you have certain options and you should contact the Shareholders Foundation, Inc by email at mail@shareholdersfoundation.com or call +1 (858) 779 – 1554.

According to a law firm current long term investors can still get actively involved in the lawsuit against certain current and/or former members of Huron’s board of directors and executive officers in effort to hold them liable in connection with the alleged Securities Laws violations. It is alleged that Huron Consulting Group, Inc between April 27, 2006 and July 31, 2009, issued materially false and misleading statements regarding its financial results and compliance with Generally Accepted Accounting Principles and as a result Huron stock traded at artificially inflated prices during April 27, 2006 and July 31, 2009, reaching a high of $83.25 per share on December 26, 2007.

On July 31, 2009, Huron announced that it would be restating its financial results from 2006 through 2008 and the first three months of 2009. As a result of the restatement, Huron expected reduce its revenue reported for the period by 48% from $120 million on an aggregate basis to $63 million. Huron Consulting Group further announced that the SEC had commenced an inquiry into its allocation of chargeable hours related to its recognition of revenue. The SEC’s inquiry was unrelated to the acquisition accounting issue. Huron Consulting Group further withdrew its 2009 earnings guidance, lowered its 2009 revenue guidance and provided preliminary second-quarter revenue below analysts’ expectations. Huron Consulting Group also announced that its chairman and Chief Executive Officer, its Chief Financial Officer and Chief Accounting Officer had all resigned. Huron Consulting Group’s stock decliened $30.66 per share to close at $13.69 per share on August 3, 2009, a 1-day decline of more than 69%. Shares of Huron Consulting Group (Public, NASDAQ:HURN) recently traded at $22.21 per share, down from $71.47 per share in 2008, and over $80 per share in 2007.

Those who are current long term investor in Huron Consulting Group (NASDAQ:HURN), you have certain options and you should contact the Shareholders Foundation.

Tuesday, September 28, 2010

Accenture and DnB NOR Sign Five-Year Application Outsourcing Agreement

Accenture (NYSE: ACN) has signed a five-year application outsourcing agreement with DnB NOR (OSE: DnB NOR ASA), Norway’s largest financial services group, to develop, implement and manage a range of applications that support the company’s life and pension insurance operations in Norway. Financial terms were not disclosed.

Under the terms of the agreement, Accenture will support new and existing applications that manage DnB NOR’s defined-contribution pension plans business, including policy administration applications. The agreement is designed to help DnB NOR improve service for its customers and drive growth in a key sector, while reducing information technology (IT) costs.

“In the defined-contribution business, high-quality financial advice and deep asset management expertise are critical,” said Runar Holen, Executive Vice President at DnB NOR and Business CIO of Vital, DnB NOR’s Life and Pension company. “While Accenture delivers world-class application support for our operations, we can stay focused on providing innovative products matching our customers’ needs within the ever-evolving retirement savings plans market. Accenture’s proven track record of 20 years in application outsourcing and its understanding of the pension industry make it an ideal business partner.”

“By outsourcing its application development and management to Accenture, DnB NOR can be even more focused on addressing its customers’ needs and more cost-effectively managing their defined-contribution plans,” said Martin Fuhr Bolstad, a senior executive in Accenture’s Financial Services group. “Accenture and DnB NOR have been working together for more than 15 years and we look forward to continuing to help DnB NOR strengthen its position as a leader in the Norway life and pension market.”

About DnB NOR

DnB NOR is Norway’s largest financial services group with total combined assets of NOK 2 076 billion. The Group consists of strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbanken, DnB NORD and Carlson. For more information about the Group, please visit our website at www.dnbnor.com.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 190,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. Accenture is committed to being a good corporate citizen – dedicated to minimizing its environmental impact and helping individuals around the world get jobs or build businesses. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is www.accenture.com.

CSC Announces Cloud Foundation Services for Oracle

CSC today announced the ability for its customers to transform their business applications to a cloud-based computing infrastructure using Oracle hardware and software products. CSC Foundation Services for Oracle work together to assist clients in leveraging Oracle's integrated stack from applications-to-disk; including storage, servers, virtualization software, databases, middleware, application and management software.

"Oracle provides the industry's most complete, open, integrated and secure enterprise grade infrastructure and platform products for customers and partners to build, deploy, and manage public and private clouds," said Andy Bailey, senior vice president, Worldwide System Integrator Alliances, Oracle. "CSC's Foundation Services, built on Oracle's platform, provide customers with accelerated development and deployment of SaaS and cloud based business applications with increased agility and reduced IT costs."

CSC's Foundation Services for Oracle are designed to guide clients on their journey to the cloud -- from selecting and transforming applications to establishing their own private cloud environment -- in a way that ensures their business goals are achieved. These services leverage CSC's Business First Approach, which evaluates enterprise business processes and identifies the ideal workloads that will generate the greatest ROI from cloud services. A key feature of this offering is the development of a demonstrable reference architecture that provisions Oracle applications, middleware and infrastructure through virtual instances in minutes. This reference architecture and the accompanying services have been successfully used to guide customers in establishing their own private cloud environments.

"Enterprise workloads based on Service Oriented Architecture (SOA) require integration with the underlying middleware and infrastructure such as that provided by Oracle," said Sreedhar Kajeepeta, vice president, CSC Global Technology Consulting. "CSC has developed a global practice and service offerings to enable our clients' rapid adoption of cloud computing while extracting optimal value from the Oracle Platform Products."

CSC Foundation Services for Oracle include:

Plan & Design Services -- Services to support decision-making around the application of cloud services in the customer's business. These range from defining business process requirements to optimize business value to designing cloud architecture that ensures information security and compliance. Implementation and Integration Services -- Services to help turn cloud strategy into a reality. These services cover launching chosen cloud technologies, configuring them to meet client-specific business needs, and setting them up for integrated management and reporting, even across multiple clouds. CSC enables private cloud solutions on the client's premise or on CSC premises. Deliver and Manage Services -- CSC manages private, public or hybrid cloud infrastructures and helps the client select and implement the right cloud to meet business requirements. This includes defining and refining all the details of standard service offerings, shared or dedicated services, prescriptive architectures, service level agreements, security requirements and any customized solutions.

"Foundation Services for Oracle is one example of CSC applying its experience and capabilities to application transformation and modernization," said Siki Giunta, vice president, Cloud Computing and Software Services, CSC. "For every customer, no matter where they are on their cloud journey, CSC provides multi-platform application transformation to migrate ideal workloads to the cloud."

For more information about CSC's cloud services, please visit www.csc.com/cloud. For insights, resources and community interaction on cloud topics, visit www.trustedcloudservices.com.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle's partner program that provides partners with tools to better develop, sell and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle's growing product portfolio, partner base and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through Specializations. Specializations are achieved through competency development, business results, expertise and proven success. To find out more visit http://www.oracle.com/partners.

About CSC

CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC's advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the Company's website at www.csc.com.

Dimension Data to Address Industry Trends and Challenges at DatacenterDynamics Conference

Dimension Data, a multi-billion dollar global IT solutions and services provider, today announced that Kris Domich, the company’s principal consultant for Data Center and Storage Solutions, will be an acclaimed speaker at the DatacenterDynamics 2010 Conference in Chicago. The event – dedicated to updating data center professionals on the latest strategies for overcoming challenges in the industry – will be held September 30 at the Hilton Chicago.

In its annual visit to Chicago, the DatacenterDynamics Conference will address the challenges faced by owners and operators of legacy structures in need of upgrading and new builds required to meet the complex combination of exponential data growth, technology advances, energy efficiency, resilience and security. Domich will take part in an executive roundtable, entitled “7X24 Exchange Chapter Panel: The Shape of Data Centers to Come” from 4:35-5:15 p.m. in Hall 1. This panel will explore topics including the cloud and shared services; capital constraints, energy and space issues; and trends that are blurring the lines between data centers and networks.

With more than 18 years of technical and consulting experience in data center design, environmental analysis, and data center migration, Domich has been integral in the planning, deployment and relocation of data centers on five continents. Kris has led the design and build-out of more than 2 million square feet of mission-critical data center space, and overseen more than 150 complex data center migrations globally. He has served as a direct advisor to the executive leadership of numerous Fortune 100 companies and is a frequent speaker at leading data center conferences and seminars.

About Dimension Data

Dimension Data (LSE:DDT), a specialist IT services and solutions provider, helps clients plan, build, support and manage their network and IT infrastructures. Dimension Data applies its expertise in networking, security, operating environments, storage and contact center technologies and its unique skills in consulting, integration and managed services to create customized client services. For more information: Call 866-DIDATA-US or visit http://www.dimensiondata.com/rgn/na/Pages/Home.aspx.

Friday, September 24, 2010

Independent Research Firm Names IBM a Leader in Managed Security Services

IBM today announced that it was ranked a leader in "The Forrester Wave™: Managed Security Services, Q3 2010" (August 2010) report and included prominently in "The Forrester Wave™: Information Security And Risk Consulting Services, Q3 2010" (August 2010) report.

The Forrester Wave ™: Managed Security Services, Q3 2010" report included 11 managed security service providers in the assessment. Forrester Research, Inc. thoroughly evaluated these vendors across 78 criteria, broken down into three main areas: current offering, strategy, and market presence. "The Forrester Wave™: Information Security And Risk Consulting Services, Q3 2010" included 12 information security and risk consulting service providers in the assessment and evaluated these vendors across 75 criteria also in three main areas: current offering, strategy and market presence.

The Forrester Wave™ managed security services (MSS) report stated that IBM was a leader in managed security services because of the flexibility, competency and breadth of coverage offered. The report stated: "IBM has the broadest suite of MSS of all the providers assessed in this Forrester Wave…. The IBM X-Force Threat Analysis service is well respected in the industry and provides leading-edge security intelligence and research to IBM clients…. Customers identified responsiveness and breadth of offerings as positive attributes for IBM."

Separately, the Forrester Wave™ Information Security and Risk Consulting Services report noted that IBM continues to offer significant value to its clients by delivering a wide spectrum of capabilities and expertise across its various business units. According to the report, "IBM offers the greatest number of security consulting services. It has a great presence in this market and continues to provide thought leadership and expertise in technical and operation areas of security…. Client references pointed to consultant expertise, customer service, and global presence as areas of strength."

"The Forrester Wave ™: Managed Security Services, Q3 2010" report stated: "security organizations that require global reach, a broad suite of security services, and good threat intelligence from a single vendor should look to IBM to deliver these services." Recommendations included in The Forrester Wave™: Information Security And Risk Consulting Services, Q3 2010" report noted "If you are looking for a single vendor that offers a breadth of capabilities and security technologies and that has a wealth of experience in working security, look to IBM."

"We believe this independent analysis reflects the focus IBM Managed Security Services has on delivering the right expertise, tools and infrastructure needed help to secure information assets and preempt security threats," said Marisa Viveros, vice president, IBM Security Services. "Our global team of security researchers, developers, and subject matter experts have a unique handle on the broad threat landscape, which benefits clients of all sizes and industries."

IBM is one of the world's leading providers of risk and security solutions. Through product offerings, professional security services and managed and cloud-based security services, IBM provides flexibility and breadth of solutions as a trusted security vendor. Clients around the world team with IBM to help reduce the complexities of security and strategically manage risk.

About IBM

For more information on IBM's security solutions, visit: http://www.ibm.com/security/

Accenture and National Australia Group Europe Extend Application Development and Management Agreement

Accenture (NYSE: ACN) and National Australia Group Europe (NAGE), a subsidiary of National Australia Bank, have signed an application development and management agreement that extends their existing contract for an additional three years to 2015.

Accenture will continue to provide application development and management services for a number of the bank’s key enterprise and customer applications. The contract, which extends a similar agreement signed by the two companies in 2007, is designed to help NAGE achieve a more flexible and scalable IT function by increasing its use of Accenture’s Global Delivery Network.

“The extended agreement reflects Accenture’s role as a strategic business partner to National Australia Group Europe,” said Debbie Crosbie, CIO, National Australia Group Europe. “Our decision to continue to partner with Accenture is based upon the strength of our relationship to date, the quality of service provided and Accenture’s ability to help us deliver responsive, flexible and efficient IT service to our customers.”

“By keeping customers at the center of its business and keeping services in step with changing market needs, NAGE has positioned itself for the future,” said Sushil Saluja, Managing Director of Accenture’s Financial Services group in the U.K. “We are delighted with the extension of our relationship and look forward to continuing to help the bank increase efficiencies, manage costs and deliver a high quality service to its customers.”

About National Australia Group

National Australia Group Europe is a UK-based subsidiary of National Australia Bank (NAB) and incorporates Clydesdale Bank, Yorkshire Bank and NAB Capital. Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire, and now has a strong personal customer base and a growing business banking capability in the North of England and the Midlands. Clydesdale Bank was established in 1838 in Glasgow and is one of Scotland's largest banks as well as having a significant presence in London and the South of England. Both banks have a proud history of innovation and support for local industry and communities. With a combined network of 340 retail branches and 72 business banking Financial Solutions Centres, both Clydesdale and Yorkshire Banks are members of the National Australia Bank Group. Clydesdale Bank plc became a member of the Group in 1987 and Yorkshire Bank joined in 1990.

About Accenture

Accenture is a global management consulting, technology services and outsourcing company, with more than 190,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$21.58 billion for the fiscal year ended Aug. 31, 2009. Its home page is www.accenture.com.

BPO: Nokia Siemens Networks Selects Capgemini for Global Order Management Services

Capgemini, one of the world’s foremost providers of consulting, technology and outsourcing services, today announced that its subsidiary Capgemini Outsourcing Services SAS (“Capgemini”), has been awarded a long-term contract from Nokia Siemens Networks, a leading global enabler of communications services, to support the company’s global order management operations. This engagement leverages Capgemini’s in-depth knowledge of the telecommunications market and its industry-leading experience in supply chain business process outsourcing.

Capgemini will provide order management services to Nokia Siemens Networks, including preparation for delivery, customer order management, distribution and customer invoicing, while customer facing activities will remain with Nokia Siemens Networks. Capgemini will leverage its BPOpen™ technology platform and its Rightshore® network to harmonize and standardize the processes across Nokia Siemens Networks’ worldwide operations.

Under the terms of the agreement, close to 400 employees from Nokia Siemens Networks will be joining Capgemini BPO Supply Chain Services teams from several countries including Brazil, China, Finland, Germany and India. Additionally, more than 300 contractors to Nokia Siemens Networks will continue their work under Capgemini’s management.

“As clients face an increasingly global business environment, growing supply chain costs, and a larger ecosystem of partners and customers, a streamlined and sustainable supply chain will be key to growth”, said Hubert Giraud, Head of Capgemini BPO. “Capgemini’s collaborative and strategic approach to supply chain transformation, market knowledge and suite of enabling tools and technology will allow leading global companies like Nokia Siemens Networks to optimize their supply chain operations and achieve true competitive advantage.”

“Capgemini’s excellent reputation and proven track record of maximizing efficiency in business processes, along with its global delivery model, were major factors in our decision to select them as our partner and future employer of our logistics experts. We believe that this relationship will considerably improve our order management and delivery performance through shorter lead times, better quality and increased efficiency, while Nokia Siemens Networks will focus more intensely on the customer facing aspects of order management“, said Johannes Giloth, global head of Supply Chain, Nokia Siemens Networks.

About Nokia Siemens Networks

Nokia Siemens Networks is a leading global enabler of telecommunications services. With its focus on innovation and sustainability, the company provides a complete portfolio of mobile, fixed and converged network technology, as well as professional services including consultancy and systems integration, deployment, maintenance and managed services. It is one of the largest telecommunications hardware, software and professional services companies in the world. Operating in 150 countries, its headquarters are in Espoo, Finland. www.nokiasiemensnetworks.com

About Capgemini

Capgemini, one of the world's foremost providers of consulting, technology and outsourcing services, enables its clients to transform and perform through technologies. Capgemini provides its clients with insights and capabilities that boost their freedom to achieve superior results through a unique way of working, the Collaborative Business ExperienceTM. The Group relies on its global delivery model called Rightshore®, which aims to get the right balance of the best talent from multiple locations, working as one team to create and deliver the optimum solution for clients. Present in more than 30 countries, Capgemini reported 2009 global revenues of EUR 8.4 billion (approximately USD $11.6 billion) and employs 95,000 people worldwide.

More information is available at www.capgemini.com.

Capgemini’s expertise is recognized in Business Process Outsourcing (BPO) with a solution portfolio that spans Finance & Accounting, Customer Care & Intelligence, Procurement, Supply Chain Management, Assurance Management Human Resources and Knowledge Process Outsourcing services. As part of Capgemini’s Rightshore® delivery network, BPO professionals provide services to clients worldwide 24 hours a day, seven days a week, in 36 languages, from centers located in Australia, Brazil, Canada, Chile, China, Guatemala, India, Poland, Sweden and the United States.

For more information: http://www.capgemini.com/services/outsourcing/bpo/

Thursday, September 23, 2010

Management Consulting In The US - Industry Risk Rating Report - New Report Published

This is the replacement for the July 2010 edition of Management Consulting in the US Industry Risk Ratings Report.

This Industry Risk Ratings report evaluates the inherent risks associated with the Management Consulting in the US industry. Industry Risk is assumed to be 'the difficulty, or otherwise, of the business operating environment'.

The report looks at the operational risk associated with this industry. Three types of risk are recognized in our analysis. These are: risk arising from within the industry itself (structural risk), risks arising from the expected future performance of the industry (growth risk) and risk arising from forces external to the industry (external sensitivity risk).

This approach is new in that it analyses non-financial information surrounding each industry. Industries are scored on a 9-point scale, where 1 represents the lowest risk and 9 the highest. The Industry Risk score measures expected Industry Risk over the coming 12-18 months.

Industry Definition
Management consultants provide advice and assistance to businesses and other organizations on management issues, such as strategic and organizational planning; financial planning and budgeting; marketing objectives and policies; human resource policies, practices, and planning; production scheduling; and control planning.

Report Contents

Risk Overview

The Risk Overview chapter includes sections on Industry Definition and Activities, Industry Risk Score and Risk Rating Analysis. The Industry Definition and Activities section provides a detailed definition of the activities carried out by operators in this industry as defined in NAICS. A list of the primary activities of the industry is also included. The Industry Risk Score section provides the Overall Industry Risk Score as well as the Risk Scores for each of the three types of risk covered that combine to form the Overall Industry Risk Score. These three types of risk are Structural Risk, Growth Risk and External Sensitivity Risk. The Risk Rating Analysis section discusses the underlying factors contributing to the Overall Industry Risk Score.

Structural Risk

The Structural Risk chapter looks at risk arising from within the industry itself and provides a detailed discussion of the industry's level of exposure to seven key indicators. These key indicators are Barriers to Entry, Competition, Industry Exports, Industry Imports, Level of Assistance, Life Cycle Stage and Volatility of Industry. The Overall Structural Risk Score is a weighted aggregation of these seven key indicators. Each of the key indicators is discussed in detail in this section.

Growth Risk

The Growth Risk chapter looks at risks arising from the expected future performance of the industry. The Overall Growth Risk Score is determined by amalgamating the scores for Recent Industry Growth and Forecast Industry Growth. Detailed analysis is provided discussing the reasons for the growth scores of both.

Sensitivity Risk

The Sensitivity Risk chapter looks at risks arising from forces (sensitivities) external to the industry. The Overall External Sensitivity Risk Score is determined by identifying the most significant (up to 6) external factors and weighting them to represent how significant each sensitivity is to the performance of the industry. Examples of External Sensitivities are Exchange Rates, Interest Rates, Commodity Prices and Government Regulations. There is also a detailed analysis of the affect each of the sensitivities has on the industry, including charts and data tables where appropriate.

Industry Risk and Industry Risk Scoring Methodology

This chapter provides an overview of how Industry Risk is defined and discusses the methodology used to arrive at an Industry Risk Score. There is also a table that provides a definition of the seven levels of Industry Risk.

54161 - Management Consulting in the US
51339 - Radar & Satellite Operations in the US

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David Widerhorn Consulting to Expand Services to Europe

David Widerhorn Consulting, LLC (DWC), a Chicago based financial technology consultancy, announced today that it intends to begin offering its technology consulting services to customers in London and throughout Europe starting October 1st. The firm is currently a market leader in providing custom API development services and technology solutions for financial services firms and individuals in Chicago, with clients ranging from local traders to large proprietary trading firms.

"We look forward to offering our consulting services to customers in Europe," said David Widerhorn, owner and CEO, at DWC. "As more traders begin to venture into the algorithmic trading world, there has been a sharp increase in demand for custom technology solutions in Europe, particularly development to vendor APIs. We believe that by offering our expertise in this area, we will be helping traders achieve their algorithmic trading goals."

DWC offers a variety of services ranging from custom API and trading software development to infrastructure build-outs and trading strategy risk advisory services. DWC was founded by David Widerhorn, an experienced trader and technologist, and focuses on building technology solutions for traders and risk managers from a trader's perspective and mindset.

More information on DWC can be found at their website, www.davidwiderhorn.com.

About David Widerhorn Consulting

David Widerhorn Consulting (DWC) is a Chicago based financial technology consulting firm specialized at providing technology solutions for financial services firms, particularly in the area of trading and risk management. DWC understands the concerns of traders and risk managers, providing solutions focused on proper risk management and protection of confidential information in a timely manner. DWC prides itself in having the fastest turnaround times in the industry. DWC's key asset is their strong relationship and extensive experience working with vendors and technology providers firms already use. Recent DWC projects include global infrastructure build outs, automated trading software, Excel powered trading tools, low latency FIX messaging, back-testing tools, risk front-ends and much more!

Friday, September 17, 2010

Huron Consulting Group Announces R3con(TM) Solution Providing Cost-Effective Intellectual Property and Enterprise Data Protection Investigations

Huron Consulting Group, a leading provider of business consulting services, today announced the launch of its R3con(TM) solution, an expert-driven, cost-effective solution to investigate and protect enterprise data.

"Data theft, leakage, and destruction can harm an organization's reputation, competitive position and compliance obligation, not to mention it can be extremely costly," said Shahzad Bashir, vice president, Huron Consulting Group's Legal Consulting segment. "Huron's R3con solution helps an organization or outside counsel determine if data has been compromised and whether to embark on expensive litigation, or feel confident that the data is secure."

When suspicions arise, company personnel sometimes follow their emotions or rely on circumstantial evidence when making critical decisions for their company about safeguarding intellectual property and information related to litigation matters. Organizations and their outside counsel may often be deterred from seeking professional support because of the traditionally unpredictable cost of a forensic investigation. Huron's R3con (pronounced "recon") solution is a low, fixed cost service that provides clients with direct evidence regarding intellectual property and security matters so they can make an informed decision.

Huron experts understand the time sensitivities and can quickly run a series of computer forensic tests to determine if information has been compromised. If no impropriety is determined, the client has the evidence they need to confidently close the case. However, if data movement or destruction is determined, the client, after consulting with legal counsel, may choose to pursue litigation. At this point, Huron provides affidavits, expert reports and further examination to support any legal action.

"While litigation is costly, inaction could cost even more if valuable company information lands in the hands of competitors," said James Zinn, managing director, who specializes in computer forensics and electronic discovery services. "Huron's R3con solution guides clients through the early stages of a possible security breach at a predictable price. Clients should never have to choose between their most precious assets and their bottom line."

In a recent case, a group of individuals left their employer to set up a new organization in direct competition with their previous employer. The former employer called on Huron's R3con solution to identify evidence of data transfer from the former employer's computer systems. Huron's computer forensic examiners uncovered widespread sharing and usage of confidential files on external data storage devices from the former employer's computer systems soon after the employees' departure. The information and reports generated by the R3con solution supported the client's decision to take legal action. Ultimately, based on the results of Huron's examinations and the facts developed in the case through the R3con solution, the case was decided in favor of Huron's client and a multi-million dollar judgment awarded.

Huron's R3con solution assists organizations, and their outside counsel, in protecting enterprise data, including customer accounts or contact lists, formulations, project plans and deliverables, and other valuable information. The R3con solution's standardized examination also uncovers coordinated activities between employees, including communications, data transfers or sharing of external devices. Evidence of data movement using hard drives, personal email accounts, flash drives, etc., is presented in an easy-to-understand format to allow organizations and their legal counsel to rapidly make informed decisions. Similar to Huron's V3locity(R) solution, the R3con solution is a low cost, fixed price discovery solution.

For more information visit: www.huronconsultinggroup.com/r3con

About Huron Consulting Group

Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, resolve disputes, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.

Leading Business Process Outsourcing Consultant EPIC Connections Partners with inContact as Its Preferred Cloud-Based Call Center Technology Provider

inContact , the market leader in on-demand call center software and call center agent optimization tools, announced today that EPIC Connections, an experienced industry leader in business process outsourcing (BPO) consulting, has partnered with inContact to be the preferred hosted call center technology provider for its clients and its outsourcers. The strategic relationship will enable both companies to expand their reach in the global call center outsourcing industry and provide a full suite of solutions for their clients.

The new strategic partnership expands the technology offerings available to EPIC when aligning clients with an outsourced call center provider, while increasing the number of business opportunities for inContact. EPIC can now provide its clients with inContact's hosted technology to reduce costs, eliminate on-site installation, scale to accommodate seasonal call volumes, easily support home agents, and provide other benefits that may not be available from premises-based call center infrastructure.

In addition, inContact's cloud-based call routing and workforce optimization portfolio enables EPIC, and other clients, to simply and cost-effectively extend their technology to an outsourced call center, providing a common set of operational processes and full visibility into outsourcer activity. This flexibility will equip EPIC with a solution for its clients that seamlessly combines in-house and outsourced customer support using the same call center software and monitoring solutions.

EPIC Connections has provided a no-cost service assisting clients with their customer contact initiatives since 2003, by applying a consultative approach to outsourcing. With more than 175 business process outsourcing providers in its global network, EPIC's footprint extends to all regions of the world, providing onshore, near shore and offshore solutions to its clients. The co-marketing activities between EPIC and inContact will expand the service offering to all additional opportunities in the outsourced call center space.

"There is a clear shift in the marketplace to hosted call center technology because of the cost, maintenance and functionality advantages. inContact is playing a key role in driving that momentum because of their platform's reliability, versatility and ease of use," said Bill Pieper, President of EPIC. "This relationship positions us to recommend a best-of-breed solution that our clients can trust."

"Due to our leadership status in the cloud-based call center software industry, companies of all kinds are turning to inContact to help power and enable their cloud-based initiatives, and EPIC occupies an interesting focus within the channel with its focus on outsourcers," said Frank Maylett, inContact Executive Vice President of Sales and Global Alliances. "With their years of experience in the outsourced call center market, and enormous reach within the industry, our partnership with EPIC will help us maximize our reach to that sector of the industry."

About EPIC Connections

Since 2003, EPIC Connections has been assisting companies with their customer contact initiatives by applying a consultative approach to outsourcing. EPIC assesses a company's outsourcing goals and objectives and aligns those with a best in class call center outsourcing provider. EPIC's mission is to provide superior customer service and sales support that will build brand loyalty, customer satisfaction, and profitability, while allowing its clients to focus on their core business. With more than 175 BPO providers in its global network, EPIC's solutions help take the guesswork out of choosing the right customer contact provider and align clients with the partner that best fits their needs.

About inContact

inContact helps call centers around the globe create profitable customer experiences through its powerful portfolio of cloud-based call center software solutions. The company's services and solutions enable call centers to operate more efficiently, optimize the cost and quality of every customer interaction, create new pathways to profit, and ensure ongoing customer-centric business improvement and growth. To learn more, visit www.inContact.com.

Stratinis & ABeam Consulting Announce Alliance Agreement

Stratinis, the principal vendor of international price management solutions, today announced its alliance agreement with ABeam Consulting, to better support international companies with international pricing management and profit optimisation projects.

In mature markets, common profit-drivers such as sales volume and cost offer very little optimisation opportunity. Price (and its impact on operating profits) has been under the spotlight and has become a core topic for most management teams. Companies are discovering that pricing is one of the most powerful instruments to increase profit sustainably.

The proactive management, control and optimisation of business-to-business pricing, discounts, rebates and other elements of the value chain (e.g. free samples, takeover of freight cost, year-end rebates etc) as well as pro-active price management at the international level (e.g. managing price differences, or International Key Accounts) offer tremendous potential to improve operating profits year-on-year.

Considering their experience in pricing management initiatives, ABeam Consulting and Stratinis have strengthened their strategic cooperation and now offer a combination of price management and price optimisation services, and supporting software. In most cases, initiatives deliver substantial Return on Investment to companies within the first 12 months.

The support of pricing management software is essential for proactive price management and successful price optimisation. Standard ERP, CRM and BI systems that are currently used by international companies are not designed for pricing management and therefore cover the topic only to a very minor degree.

Price management and pricing optimisation software offers a comprehensive solution specifically designed to help companies solve pricing challenges both at the local and international level. Core analytical, strategic and execution modules are designed for many different stakeholders in the company such as marketing, finance and sales, facilitating best pricing management practice.

Peter Dam-Johnsen, SVP Sales and Marketing at Stratinis highlight the strategic importance of the Stratinis – ABeam alliance:

“We are delighted to strengthen our partnership with ABeam Consulting, a leading and recognised global consultancy. ABeam’s consultants have extensive international pricing experience and their high-level of professionalism will bring significant added-value to international customers.”

“Stratinis’s software solution combined with ABeam’s experience in pricing initiatives and global system implementation services are set to offer real value to customers around the world.”

With over 700 customers across the world, ABeam consulting has extensive experience of international projects, naturally complementing Stratinis’ value proposition with the ultimate objective of creating value for customers.

“Almost every manufacturing company with international business has complex pricing structures and processes which are not supported sufficiently by any corresponding tool/software, in particular as most of the software providers have their origin in less complex markets such as the USA. With Stratinis Pricing Suite we can offer a best-in-class application constructed to support international pricing processes in an intelligent manner“, says Alfred Kraus, Marketing & Sales Practice Lead of ABeam Consulting Europe.

“Based on the recent enhancements of Stratinis Pricing Suite, the commonly developed project methodologies and implementation tools as well as the implemented training program we are now in a position to extend the collaboration and to support global accounts outside the DACH region, especially in Asia“, stated Michael Schneider, Business Manager and responsible Principal for Business Development of ABeam Consulting Europe.

About ABeam Consulting

ABeam Consulting provides business transformation services that create strategic advantage, improve business processes, leverage technology innovation, and enhance organisational performance for leading multinational and domestic companies worldwide. ABeam partners with clients to diagnose and solve their real challenges with solutions that combine industry and operational best practices with technical expertise. Pragmatic approaches ensure that clients gain measurable value more quickly. Headquartered in Tokyo, ABeam’s 5,300 professionals serve 700 clients in 21 countries. For more information, please visit www.ABeam.com.

About Stratinis

Stratinis is a dynamic and quickly expanding software company, with headquarters in London and offices in Bucharest and Copenhagen, specialising in helping companies do better business internationally. Stratinis’ flagship product is an enterprise software solution, Stratinis Pricing Suite, which helps companies manage all aspects of their pricing including analysis of prices, discounts and profitability across customer groups, channels, segments, sales people, geography, subsidiaries, countries or a number of other parameters. This is combined with pricing strategy modules as well as pricing execution tools to best offer prices and discounts to customers. To learn more or to request further information please visit www.stratinis.com.

BCMC Awarded Contract to Support DISA's Cyber Security Situational Awareness System

Business Computers Management Consulting Group, LLC announced today it has been awarded a contract by the Defense Information Systems Agency (DISA) to provide services in support of Department of Defense Cyber Situational Awareness. BCMC's work will initially be performed primarily at Falls Church, Va., but will move to Ft. Meade, MD in support of the BRAC.

DISA Program Executive Office Mission Assurance and Network Operations (PEO-MA) focuses on acquiring/developing, engineering, and implementing DoD Information Assurance and NetOps capabilities. DISA PEO-MA provides responsive, secure, and interoperable net-centric solutions necessary to secure and operate the Global Information Grid. Under the contract, BCMC will provide program support in areas including project management, engineering, integration, certification and accreditation, logistics, operations, maintenance, and test and evaluation.

"We are excited to support DISA as they maintain and enhance their overall DoD GIG situational awareness capabilities," said Kalvin Lee, President.

About BCMC

BCMC, an SBA 8(a) company, recognized as a "Top 500 Emerging Business in the US," is one of the fastest growing federal contracting firms in the greater Washington DC Metropolitan area. With core competencies in program management, engineering, and technology applications, BCMC uses expertise in cyber security and systems integration to provide critical solutions to solve problems of vital importance to the nation. BCMC's core of trusted engineers supports several branches of the US government such as the Department of Homeland Security (DHS), and the Department of Defense (DoD). For more information, please visit www.bcmcgroup.com.

International law firm Eversheds launches new legal management consultancy

International law firm Eversheds has launched a new legal management consultancy service, Eversheds Consulting. At a time when it is increasingly difficult to secure growth, Eversheds has been investigating and discussing with clients their future needs and as a result has identified a need for legal management consultancy services.

Eversheds Consulting is a stand alone legal consultancy offering, working with international in-house legal teams to advise on how to manage their legal function more efficiently. Eversheds Consulting will offer services in areas crucial to legal teams including compliance, records management and dealing with legal suppliers as well as providing teams with experts, tools, frameworks and approaches to tackle challenges.

Using practical knowledge and a thorough understanding of the global legal market, Eversheds has developed this product while working with legal departments of companies such as Tyco, FMC and DuPont to deliver cost and risk control. The Eversheds Consulting team will be led by partner Graham Richardson and will be made up of legal experts and management consultants.

Chief executive Bryan Hughes comments:

“By listening and responding to our clients needs, we have developed Eversheds Consulting to help legal teams at global companies adapt to a changing international business landscape. Current marketing conditions are placing continually greater demands on in-house teams to deliver cost and risk control and our recent 21st Century Law Firm research found in-house counsel are taking a more important commercial role within their companies.

“We have a great track record of working with international companies to help their legal departments address global issues and this experience has allowed us to set a precedent in the legal industry by providing a bespoke consultancy offering. Eversheds Consulting has recognised the demand for innovative, quality client services, and is helping in-house teams to meet the challenges set by global market place.”

Eversheds Consulting will be working with clients across the world and is a fully chargeable service. The benefits of this service to in-house teams include helping them to deliver greater efficiency, cost and risk control, allow them to demonstrate real benefits to their businesses, and implement better processes and budgeting.

ICF International Awarded Contracts Totaling $9.2 Million to Support Major U.S. Utilities

ICF International, a leading provider of consulting services and technology solutions to government and commercial clients, has been awarded two multi-year contracts totaling $9.2 million to support two major U.S. utilities.

ICF's responsibilities under the contracts fall in the areas of energy-efficiency programs, demand side management, recruitment, training, and program support.

"ICF looks forward to working with these major regional utilities," said Michael Mernick, senior vice president for ICF International. "A thorough understanding of utility objectives and customer needs uniquely positions ICF to support its clients in the energy industry. We are proud to bring our expertise and experience to bear on these projects."

ICF International offers results and solutions to a broad range of clients in the energy industry worldwide. ICF has advised both private and public sector clients in all facets of the energy industry for more than 30 years and is a leader in designing and implementing effective and innovative strategies.

ICF clients include new integrated energy enterprises, power developers, regulated transmission and distribution companies, unregulated enterprises, municipal power authorities, energy traders and marketers, oil and gas exploration and production companies, gas transmission companies, pipeline developers, local distribution companies, industry associations, investors, financial institutions, law firms, and regulators.

About ICF International

ICF International partners with government and commercial clients to deliver professional services and technology solutions in the energy and climate change; environment and infrastructure; health, human services, and social programs; and homeland security and defense markets. The firm combines passion for its work with industry expertise and innovative analytics to produce compelling results throughout the entire program life cycle, from research and analysis through implementation and improvement. Since 1969, ICF has been serving government at all levels, major corporations, and multilateral institutions. More than 3,500 employees serve these clients worldwide. ICF's Web site is http://www.icfi.com/.

Sunrise Consulting Group, Inc. Reports Financials Nearly Complete to Enable Elevated Status on PinkSheets

Sunrise Consulting Group, Inc. announced today that its financial statements are near completion and are expected to be uploaded to PinkSheets shortly. As a result the Company expects to be upgraded to "Limited Information" status on PinkSheets. The updated financials are also being forwarded to the company's legal counsel, who is in the final stages of compiling an Information and Disclosure Statement so that the company can file all necessary documents for it to achieve "Current Information" status with Pinksheets. The company plans to update shareholders of further developments as they happen.

ABOUT SUNRISE CONSULTING GROUP, INC.

Sunrise Consulting Group's mission is to develop its presence in the Solar Industry in the fastest, most productive and profitable way possible.

For more information, go to the website www.sunriseconsultinggroup.net

Cognizant Joins 'Change the Equation' to Build America's Innovation Future

Cognizant, a leading provider of consulting and technology services, announced today it has joined Change the Equation (CTEq), a CEO-led initiative to cultivate widespread literacy in science, technology, engineering and math (STEM). CTEq will not only achieve the President's Educate to Innovate campaign mission to increase private and philanthropic involvement in STEM education, but also will meet a critical need for a workforce and a citizenry fluent in science and math.

Change the Equation is bringing together top companies like Cognizant across multiple sectors, all of which are dedicated to preparing students for STEM-related careers as an investment in their business, the economy and our democracy. Through innovative and effective company-led programs, Cognizant and CTEq aim to fill the opportunity gap with capable and enthusiastic STEM-literate young people. It is the first and only STEM education group that brings so many corporate leaders together in collaboration with the White House, State Houses nationwide, and the foundation community.

Corporate Member Cognizant joins founding members from Time Warner Cable, Sally Ride Science, Kodak, Intel and Xerox.

"Investing in and collaborating on STEM education has been a priority for our company," said Francisco D'Souza, President and CEO of Cognizant. "STEM literacy is a business imperative for the economic well being of the United States. Our collaboration will not only help students prepare themselves for the workplace of the future, but will also revive our economy, fuel our competitiveness, and ultimately empower our nation in a globalized economy."

According to a report by the Center on Education and the Workforce, there will be 8 million jobs available in STEM-related fields by 2018. However, the report also finds that the next generation of employees in America will be unprepared to take advantage of these positions.

America's challenges with math—which is the entry point into science, technology and engineering—are not solely rooted in academic skill. It may be indicative of a deeper cultural norm. According to a recent survey commissioned by CTEq, nearly three in ten adults believe they are not good at math. The problem is especially acute in younger Americans. More than half of Americans aged 18 to 36 admit that they often find themselves saying they can't do math. Americans' attitudes toward math were so negative that thirty percent would prefer cleaning the bathroom to doing a math problem.
"'I can't do math' has become an iconic excuse in our society," said Linda Rosen, Chief Executive Officer of CTEq. "Many Americans have expressed it, but I don't believe it's an accurate reflection of who we are, or, more importantly, what we can do."

Rosen continued, "If we don't encourage our children and students to get excited about math as well as science, technology and engineering, we are denying them the chance to reach their potential, and be prepared for a future filled with opportunity."

Rosen announced that CTEq will establish a set of criteria that guides the organization and its member companies in defining program success. "It has been said that conscience is a person's compass," Rosen said. "CTEq can and will fire the nation's conscience on STEM education. We will monitor our own progress and the progress of others, identifying what is working and what isn't. CTEq will apply the lessons we learn so that the nation continues to move towards a future where every American is literate in science, technology, engineering and mathematics."

CTEq has an ambitious agenda for its first year, including creating a snapshot of existing STEM investments by its 100 member companies to establish a baseline of STEM programs. In response, Cognizant is extending its U.S. education outreach program and is planning to invest in existing and emerging programs that combine STEM excellence with proven and innovative leadership and collaboration techniques. "Our primary goal is to educate the knowledge worker of the future and provide the skills they need to succeed in the global knowledge economy," Francisco D'Souza explained.

CTEq also will create a self-evaluation mechanism for member companies to measure the effectiveness of their STEM programs. It will also launch an ambitious plan to initiate a core set of very effective programs in 100 new sites across the country to broaden the philanthropic reach of CTEq members and to create a state-by-state scorecard that can assess the condition of STEM education in all 50 states.

CTEq evolved as a result of the first Educate to Innovate Event in November 2009, when President Obama named five leading business and thought leaders (Sally Ride, Craig Barrett, Ursula Burns, Glen Britt, and Antonio Perez) to head an effort to improve American student participation and performance in science, technology, engineering, and mathematics. The Carnegie Corporation of New York and the Gates Foundation generously provided challenge grants to launch the organization.

CTEq's goals are to:

Improve STEM teaching at all grade levels, with a larger and more racially, ethnically and gender-diverse pool of highly-capable STEM teachers.
Deepen student appreciation and excitement for STEM programs and careers to increase enrollment and success, especially among females and students of color.
Achieve a sustained commitment to the STEM movement from business leaders, government officials, STEM teachers and other stakeholders through communication, collaboration and data-based decision making.

About Change the Equation

Change the Equation (CTEq) is a non-profit organization whose 100 member companies from across industry sectors are dedicated to promoting innovation and investment in STEM teaching and learning. CTEq aims to give STEM education a central place in the national lexicon of excellence and achievement, establishing a national movement to support, promote and implement excellent STEM education for every child.

About Cognizant

Based in Teaneck, N.J., Cognizant (Nasdaq: CTSH) is a leading provider of information technology and consulting services. Cognizant's single-minded passion is to dedicate our global technology and innovation know-how, our industry expertise and worldwide resources to working together with clients to make their businesses stronger. With over 50 global delivery centers and approximately 88,700 employees as of June 30, 2010, we combine a unique global delivery model infused with a distinct culture of customer satisfaction. A member of the NASDAQ-100 Index and S&P 500 Index, Cognizant is a Forbes Global 2000 company and a member of the Fortune 1000 and is ranked among the top information technology companies in BusinessWeek's Hot Growth and Top 50 Performers listings. Visit us online at www.cognizant.com.

Thursday, September 16, 2010

Panorama Consulting Group Issues New ERP Report Titled Clash of the Titans: SAP vs. Oracle

Panorama Consulting Group, an independent ERP consulting firm, today released a new ERP report titled Clash of the Titans: SAP vs. Oracle. The new research compares the two largest ERP vendors, SAP and Oracle, and provides a review of functionality and a detailed listing of their competing products and technologies.

The intent of this report is to provide an independent and balanced comparison of the ERP market’s two leading software providers. Panorama is in no way affiliated with SAP, Oracle, or any other software vendor or reseller.

Clash of the Titans: SAP vs. Oracle Highlights:

• The ERP report provides comparison data on SAP and Oracle by reviewing each vendor by market share, user satisfaction, implementation duration, payback period, project cost, and benefits realization.
• The ERP report further investigates the two ERP vendors by providing a review of Oracle e-Business Suite and SAP Business Suite, JD Edwards EnterpriseOne and PeopleSoft Enterprise, SAP Business All-in-One, and SAP Business One, as well as an on-demand software as a service (SaaS) model comparison of SAP ByDesign and Oracle On-Demand.
• The ERP report provides an analysis of SAP and Oracle’s technology infrastructure and future roadmap.
• The ERP report provides average functional scores for each ERP vendor based on Panorama’s client ratings of each vendor. These results are average numbers from clients that included both SAP and Oracle on their short-lists.
• The report provides an overall assessment of each ERP vendor’s functional strengths.

“SAP and Oracle are the industry’s leading ERP vendors for good reasons,” says Eric Kimberling. “However, as with any comparison of ERP Software solutions, each has its strengths, weaknesses, and trade-offs depending on a company’s unique business requirements. Potential ERP solutions should be objectively compared against these individual organizational needs as part of an effective ERP software selection process.”

To offer further analysis of the study results, Kimberling will present the free webinar on Thursday, September 16, at 10:00 a.m. Mountain Daylight Time. Register for this webcast at: http://panorama-consulting.com/resource-center/erp-webinars/.

The full report is available for download at: http://panorama-consulting.com/resource-center/clash-of-the-titans-sap-vs-oracle/.

Panorama Consulting Group


Founded in 2005, Panorama Consulting Group is a niche consulting firm specializing in the enterprise resource planning (ERP) market for mid-sized companies across the globe. Independent of affiliation, Panorama helps firms evaluate and select ERP software, manages the implementation of the software, and facilitates all related organizational change management to assure that each of its clients realize the full business benefits of their ERP implementation. More information can be found on the company’s web site: http://www.Panorama-Consulting.com.

Triton Consulting Confirmed as Speakers at the UKCMG Forum 2010

The UKCMG have announced details of the annual UKCMG Forum, taking place on 13th October 2010 at the Novotel London St Pancras. Triton Consulting are delighted to confirm that they have been selected to run a session on DB2 pureScale.

This one-day conference will include three tracks with elective sessions covering Capacity Management, Performance and Service Management. Alongside the conference there will be an exhibition and networking event.

Triton Consulting will be running a session at 10am on Wednesday 13th October called "Pure Genius: How to get Mainframe-like scalability & availability for midrange DB2". During this session, Julian Stuhler - IBM Data Champion, IBM Gold Consultant and Director at Triton Consulting will provide an introduction to DB2 pureScale and an overview of the architecture. He will be joined by James Gill who is a Principal Consultant at Triton. James is heading up an R&D project on DB2 pureScale and recently spent a week in the IBM Labs in Boeblingen Germany to gain practical experience of working in a DB2 pureScale environment and testing for scalability and resilience. James will be sharing details of the team's own experiences of implementation and findings from the work in the labs.

"We are delighted to be involved in this year's UKCMG Forum. This is a great event with a fully packed agenda including some really interesting speakers. Our DB2 pureScale team are really looking forward to sharing some insights into this exciting new technology from IBM" Laura Hood, Marketing Manager, Triton Consulting.

For the last 15 years, mainframe DB2 has been the industry leading platform for availability & scalability thanks to Data Sharing, the High Availability solution for DB2 for z/OS. Technologies such as clustering have tried to match mainframe levels of scalability and resilience for midrange databases but require application changes as data is not shared across clusters. With the DB2 pureScale feature, IBM has provided a solution which enables customers to achieve mainframe-like scalability and availability for Midrange DB2.

“This is the single most significant technology improvement that IBM has introduced to the midrange market in years. By utilizing the many years of mainframe data sharing experience, DB2 pureScale will revolutionise the way organisations are able to manage their workload; achieve scalability and continuous availability” says Julian Stuhler, Service Delivery Director, Triton Consulting.

The UKCMG Free Forum is an event for the IT industry designed to help professionals to keep up to date with key industry trends, developments and best practice. The event is an ideal opportunity for networking with industry peers.

For more information or to book a place, vist the UKCMG website - http://www.ukcmg.org.uk/ifOct2010.html

For more information on Triton's time at the IBM labs, visit our DB2 pureScale blog - http://www.triton.co.uk/blog/category/db2-purescale-lab-experiences/

About Triton

Triton Consulting are Data Management specialists and IBM Premier Business Partners. Specialising in DB2 for both the mainframe and distributed systems, Triton provide a full range of services from consultancy through to education and remote support.

Ironworks Consulting Continues to Grow: Richmond Headquarters Relocates to Larger, More Innovative Space

Ironworks Consulting, a management, IT and web consulting firm, has opened a new headquarters located at 10900 Nuckols Road Suite 400 Glen Allen, Virginia.

The move comes as a result of the Company's phenomenal growth, which has averaged 30% each year despite the economic downturn. The role that the Company's clients play in the success does not go unnoticed -- a client logo wall is proudly mounted in the lobby, emphasizing Ironworks' client-first attitude.

With over 35,000 square feet and an open floor plan, the new office was designed to support a dynamic environment that encourages teamwork and creativity. The innovative space offers extensive team rooms and fewer offices, all of which is essential to support agile development.

"When designing the new space, we focused on creating a workplace that will be highly collaborative for our client projects as well as energizing for our people," said Scott Walker, Chief Executive Officer of Ironworks.

Ironworks continues to operate from offices throughout the East Coast and Midwest, serving a growing list of national clients.

About Ironworks Consulting


Ironworks is a management, IT and Web consulting firm with one mission -- never fail a client. Ironworks offers expertise to clients nationwide in the practice areas of Strategy and Program Management, Business Process Improvement, User Experience, Content Management, Portal Solutions, Enterprise Search, Service-Oriented Architecture, and Business Intelligence. Headquartered in Richmond, Va., Ironworks also operates from offices in Tysons Corner, Va., Raleigh and Charlotte, N.C., and Minneapolis, Minn. For more information, visit www.ironworks.com.

Fish & Richardson Named “IP Litigation Powerhouse” in BTI Consulting Group’s Survey of In-House Counsel

America’s biggest companies trust Fish & Richardson as an “IP Litigation Powerhouse,” according to a recent BTI Consulting Group survey of 240 in-house counsel. The survey findings were published in BTI’s “Litigation Outlook 2011” and identify Fish as one of only three firms that handle the most critically important intellectual property litigation.

“Fish & Richardson has a reputation among general counsel for being comfortable with taking on complex, high-end work with tremendous risk exposure. The firm also has a strong sense of how important and risky such cases are for clients,” said Michael Rynowecer, BTI President, in an interview with Law360 about the survey.

“It is a huge honor to have corporate counsel name Fish & Richardson as an elite IP Litigation Powerhouse. We handle more IP litigation than any other firm in the country, and we have a history of winning some of the most important patent litigation in history,” said Peter Devlin, President of Fish & Richardson. “Fish is the absolute best at what we do, we fight hard for our clients, and we work diligently to earn this reputation among in-house counsel.”

Fish’s big wins over the past year include successfully concluding the largest and most closely watched patent dispute of the decade for Microsoft Corp. in its epic digital compression war with Alcatel-Lucent, including the reversal of a $1.5 billion verdict against Microsoft. Other major wins include protecting Allergan’s $240 million market for its glaucoma drug in its ANDA patent infringement suit against Apotex, Inc. and securing a major jury verdict for Fresenius Medical Care North America that completely rejected patent infringement claims made by Baxter Healthcare Corp. over dialysis machine patents.

The BTI survey mirrors the results of Corporate Counsel magazine’s annual survey of “Who Represents America’s Biggest Companies,” which was published in August 2010. Fish was named the #1 IP Litigation law firm and #2 IP Patent Prosecution law firm in the country according to Corporate Counsel’s research of which law firms Fortune 100 corporations used the most.

Fish & Richardson is a leading global law firm with more than 350 attorneys and technology specialists practicing intellectual property strategy and counseling, intellectual property litigation, and business litigation. Fish does cutting-edge legal work for innovative clients who value their intellectual property. The firm was recently named top patent prosecution firm (Managing Intellectual Property, February 2010), was honored as an IP Firm of the Year (Law360, January 2010), and named a finalist for top IP Litigation Department of the Year (American Lawyer, January 2010). Fish handles more patent litigation than any other law firm (IP Law & Business, September 2009), is the number one IP firm for America’s biggest companies (Corporate Counsel, September 2009), and was named the number one firm in the world for PCT filings (Managing Intellectual Property, October 2009). The firm also handled two of the top ten most important IP cases of 2009 (Managing Intellectual Property, January 2010). For more information, visit http://www.fr.com.

Corporate Governance Consulting Firm, XCEO, Inc., Announces CEO Dr. Curtis J. Crawford has been Named One of the 2010 Directorship 100

Corporate governance consulting firm, XCEO Inc., announces that CEO Dr. Curtis J. Crawford has been named one of Directorship's 100 Most Influential Individuals in Corporate Governance.

The Directorship 100 is the veritable Who's Who of the American corporate governance community; the National Association of Corporate Directors (NACD) Directorship 100 reveals the most renowned boardroom influentials, according to Directorship. Directorship LLC provides corporate governance news, research, and boardroom intelligence for directors of public companies. The organization produces the most visited corporate governance Web site at Directorship.com and publishes NACD Directorship, the official publication of the National Association of Corporate Directors.

XCEO is honored to announce Dr. Crawford's recognition for his decades of dedication to the pursuit of enlightened corporate governance and delivering exceptional shareholder value.

Since Dr. Crawford founded XCEO in 2003, the XCEO mission and vision have centered on delivering outstanding products and services to boards and directors to promote personal leadership and enhanced boardroom effectiveness via Enlightened Corporate Governance and Extreme Personal Leadership.

These XCEO cornerstones, developed by Dr. Crawford, serve as the foundation for all XCEO programs and initiatives. Specifically, through XCEO's Professional Mentoring and Director Support Services, Dr. Crawford works one-on-one with clients to educate them on corporate governance best practices, support directors in the increasingly challenging role of board service and maximize performance via personal leadership.

In addition, through XCEOs Enlightened Corporate Governance and Advanced Consulting Programs, Dr. Crawford and the XCEO team advise boards on topics, such as risk oversight and succession planning, and they utilize CEO, committee, individual leadership and board evaluation components to provide performance benchmarks, results analyses and counsel to ensure a sustainable improvement in board performance.

Dr. Crawford's expertise of corporate governance stems from over 15 years of research and writing about corporate governance and over 20 years of experience inside the ever-changing landscape and environment of corporate boardrooms.

About Dr. Curtis J. Crawford

Dr. Crawford is the author of three publications including, Corporate Rise: The X Principles of Extreme Personal Leadership, Compliance & Conviction: The Evolution of Enlightened Corporate Governance and Managers Guide to Mentoring.

Dr. Crawford currently serves on the Board of Directors of E. I. du Pont de Nemours, ITT Corporation, and ON Semiconductor. Also, he is a Trustee of DePaul University. He was recently honored with the B. Kenneth West Lifetime Achievement Award.

He began his career as a systems engineer at IBM. During 15 years, he held a variety of executive positions including Vice President of Marketing. During a ten-year tenure, Dr. Crawford was Group President of the Microelectronics Group and President of the Intellectual Property division of AT&T and Lucent Technologies.

He has served as Chairman of the Board of ON Semiconductor; Chairman, President and CEO of Zilog; President, CEO and Director of Onix Microsystems, and Chairman of the Board of ISTAT.

About XCEO Inc.

Based in Santa Clara, Calif., XCEO Inc. offers Professional Mentoring and Personal Leadership Development Programs, as well as Corporate Governance and Board Leadership Development Programs, for high-aspiration individuals and forward-looking corporations.

XCEO implements these products and services via a comprehensive set of well-defined principles and practices which encourage board directors, highly enlightened executives, and high-aspiration individuals to accelerate toward extraordinary levels of performance and personal achievement.

The XCEO extreme personal leadership Professional Mentoring Programs assist high-aspiration individuals in developing personal career and development plans to achieve senior executive and corporate board level positions.

The XCEO Corporate Governance and Board Leadership Development Programs provide boards and individual directors with comprehensive consulting services complemented by automated online exercises to evaluate current performance and establish a desired future performance. XCEO offers boards a full-range of products and services needed to properly mitigate risk in the boardroom. XCEO consulting services include risk oversight, CEO, committee, individual leadership and board evaluation components.

Wednesday, September 15, 2010

AVF Consulting Selected as a VAR 100 by Accounting Today

Accounting Today has announced that AVF Consulting has been selected as a member of the 2010 VAR 100.

The VAR 100 is an annual compilation of the top 100 value-added resellers of financial management software in the U.S. AVF Consulting provides sales and services for several products including Microsoft Dynamics NAV, Serenic Navigator, LS Retail, and K12 Enterprise.

This is the third consecutive year in which AVF has been recognized in the VAR 100. In 2009, AVF was named Serenic’s Partner of Excellence for its commitment to providing nonprofit organizations and school districts with Serenic Navigator, Microsoft Dynamics NAV, and K12 Enterprise.

“AVF is committed to providing a superior level of customer service as well as educating our clients on the best technology that Microsoft offers,” says Andrew Fass, CEO of AVF Consulting. “We are pleased that our accomplishments have earned us a place in the VAR 100.”

The VAR 100 is chosen and published annually by Accounting Today. The list is chosen based on a variety of criteria including industry leadership, annual growth, revenue, size, and industry awards.

AVF is a leading Microsoft VAR and serves customers throughout the U.S. as well as Mexico and Canada.

About AVF Consulting, Inc.

AVF Consulting, Inc., is a Microsoft Gold Certified partner offering ERP business management applications and IT solutions. AVF provides nonprofits, K-12 schools, retailers, distributors, and service organizations with a system for success through customer-specific systems design, analysis, development, implementation, training and support. AVF has been offering accounting, HR, and payroll solutions since 1986 and is a leading Microsoft Dynamics NAV Solution Center.

Bluewolf Announces Sponsorship of TechAmerica's David Packard Medal of Achievement & Technology Awards

Bluewolf announced its sponsorship of TechAmerica's David Packard Medal of Achievement & Technology Innovators 52nd Annual Awards dinner which will honor Marc Benioff, Chairman and CEO of salesforce.com. An agile business consulting firm, Bluewolf has more than a decade of success in Cloud Computing and SaaS solutions, such as Salesforce CRM.

The Innovators Award honors significant lifetime contributors and pioneers of the high-tech industry, and past honorees include: Robert N. Noyce, founder of Intel Corp; Thomas J. Watson of IBM; and John Thomspon of Symantec. This year, the event will be held on Oct. 11 at the Four Seasons Hotel Silicon Valley.

"As a leader and innovator in the technology industry, we at Bluewolf are proud to sponsor the David Packard Medal of Achievement, recognizing outstanding individuals in the industry, such as Marc Benioff," said Eric Berridge, principal and cofounder of Bluewolf.

He added, "We have a decade of success in bringing cloud computing to life for thousands of clients worldwide, through our agile business transformation methodology. Salesforce.com has changed the technology landscape forever and Bluewolf is ushering in a new consulting model that enables continual improvement.

About Bluewolf

Bluewolf is a global pack of experts committed to partnering with clients to achieve agile business transformation leveraging cloud computing solutions. Only Bluewolf can bring 10 years of best practices to every project and guarantee its success. Bluewolf is distinctly positioned between classic management consultants and breakthrough technical designers. Its world-class portfolio proves the company's ability to match its agile methodology with unparalleled vision. From demand generation to close, from channel effectiveness to customer care, the company helps clients attain efficient, responsible business performance gaining the label of tomorrow's business standard.

Bluewolf clients include QlikTech, Orange Telecom, Univar, ADP, Chevron and more. For more information, visit http://www.bluewolf.com/. To view client success stories, visit http://www.bluewolf.com/tv/. Join the conversation on Bluewolf Twitter and Bluewolf Facebook.