Conversion Services International Awarded Data Warehouse Strategy and Proof of Concept Contract for Financial Services Giant
03 Dicembre 2007 - 2:00PM
PR Newswire (US)
Revenue to Exceed $300,000 EAST HANOVER, N.J., Dec. 3
/PRNewswire-FirstCall/ -- Conversion Services International, Inc.
(AMEX:CVN), a premier professional services firm focused on
delivering business intelligence and business process optimization
solutions to Global 2000 organizations and other businesses, today
announced a data warehousing strategy and proof of concept
engagement for a financial services giant. CSI will earn
approximately $300,000 for this engagement with the potential for
significant additional revenue over the next few years, as the
client looks to engage us to assist them in implementing the
strategy. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO ) This
client's underwriting divisions are world leaders in insurance and
financial services with global operations. Over-arching project
goals include providing insight into a global view of corporate
information across its many business lines. This will deliver more
value to the management team and users, while reducing overall
costs and complexity. The client wishes to improve executive
reporting, financial reporting, risk management, customer intimacy,
and regulatory reporting as well as get a consistent, global view
of the business. CSI will deliver to the client a business needs
assessment, an associated business requirements document, a
detailed multi-phased strategic plan for architecting and
implementing a comprehensive data warehouse solution, as well as
the recommendation and implementation of an initial Proof of
Concept. The client selected CSI to conduct this strategic
engagement providing them with a scalable and flexible architecture
as well as a road map of short-, mid- and long-range goals for
developing an enterprise data warehouse. CSI will utilize its Best
Practices Site Assessment, Strategy and Planning Service Offering
for this engagement. This is our proven approach and methodology
for analyzing client needs and providing expert advice and guidance
across the process, people, and technology dimensions. The result
is a comprehensive road map that outlines vision, approach, and
architecture requirements, along with a phased implementation
approach based on the client's business and technology environment.
According to Glenn Peipert, chief operations officer for CSI, "Our
long history and keen focus on leveraging information as a
strategic asset, along with our senior staff of strategists ensures
our clients have access to the most comprehensive solutions for
their information management needs. Our approach enables
organizations to use the 'enterprise information asset' for
strategic analysis, customer-centricity, performance and
productivity analytics, and personalization, supporting the
transition of an organization from operational and line-of-business
oriented to an intelligent, learning, and agile global enterprise,
in full leverage of one of their most important assets -
information." Scott Newman, chairman and chief executive officer of
CSI, stated, "We are seeing more corporate activity, more
opportunities to bid for business, and increased success in our
bids. As a general rule, our data warehousing strategy and proof of
concept engagements result in further engagements with our clients,
securing revenue both in the immediate term as well as in coming
years." About Conversion Services International, Inc. Conversion
Services International, Inc. (CSI) is a leading provider of
professional services focusing on strategic consulting, data
warehousing, business intelligence, business process reengineering,
as well as integration and information technology management
solutions. CSI offers an array of products and services to help
companies define, develop, and implement the warehousing and
strategic use of both enterprise-wide and specific categories of
strategic data. CSI's current customers include ADP, Coach, Goldman
Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer.
Information about CSI can be found on the web at
http://www.csiwhq.com/ or by calling its corporate headquarters at
888-CSI-5036. Note on Forward-Looking Statements Except for the
historical information contained herein, this press release
contains, among other things, certain forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995 that involve risks and uncertainties. Such statements may
include, without limitation, statements with respect to CSI's
plans, objectives, expectations and intentions and other statements
identified by words such as "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends,"
"plans" or similar expressions. These statements are based upon the
current beliefs and expectations of CSI's management and are
subject to significant risks and uncertainties, including the
ability of CSI to be in compliance with all applicable American
Stock Exchange continued listing requirements, the ability to
maintain revenue growth, the ability to locate and acquire other
businesses and to successfully integrate such acquisitions, the
ability to decrease operating expenses, and those detailed in CSI's
filings with the Securities and Exchange Commission. Actual results
may differ from those set forth in the forward-looking statements.
These forward-looking statements involve certain risks and
uncertainties that are subject to change based on various factors
(many of which are beyond CSI's control). CSI undertakes no
obligation to update publicly any forward-looking statements.
Investor Relations: Porter, LeVay & Rose, Inc. Andrew Berlin,
Account Executive Jeffrey Myhre, VP -- Editorial 212-564-4700 Media
Contact: Tracee Lee Beebe Marketing & Communications Conversion
Services International, Inc. 973-560-9400
http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO
http://photoarchive.ap.org/ DATASOURCE: Conversion Services
International, Inc. CONTACT: Tracee Lee Beebe, Marketing &
Communications of Conversion Services International, Inc.,
+1-973-560-9400, ; Investor Relations: Andrew Berlin, Account
Executive, or Jeffrey Myhre, VP of Editorial, both of Porter, LeVay
& Rose, Inc., +1-212-564-4700 Web site: http://www.csiwhq.com/
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