[0] E-Business Consulting Firm Receives Multimillion Dollar Investment From IT Industry Leaders; EverPoint Inc. to Boost Operations in Texas and Florida.Business Editors/Technology Writers BOCA RATON Boca Raton (bō`kə rətōn`), city (1990 pop. 61,492), Palm Beach co., SE Fla., on the Atlantic; inc. 1925. Boca Raton is a popular resort and retirement community that experienced significant industrial development in the 1970s and 80s. , Fla.--(BUSINESS WIRE)--May 15, 2000 EverPoint Inc., a specialty IT consulting firm that designs and implements enterprise-wide business systems and provides application hosting and IT outsourcing services for high growth and middle market organizations, today announced that it has received a multi-million dollar investment from Miami-based venture capital firm Entente Entente: see Triple Alliance and Triple Entente; Balkan Entente; Little Entente. Investment. EverPoint, which has already implemented critical projects for a wide range of South Florida customer, including Flanigan's Seafood Bar & Grill (AMEX AMEX See: American Stock Exchange :BDL BDL - Block Diagram Compiler ) and Take to Auction.com, will use the investment to expand the scope of its operations. "Entente is committed to helping companies like EverPoint grow to meet the explosive demand for innovative e-business infrastructure services," said William Pruitt, co-founder of Entente. "Our investment reflects our belief that EverPoint is helping to drive and manage the rapid growth of the Internet." EverPoint provides focused consulting services for Fortune 1000, middle-market and high-growth organizations. The first consulting firm to offer one-stop IT management under one service agreement, EverPoint implements e-business programs and hosts the software to run them. By managing a complete portfolio of front-office, back office, e-commerce and business productivity systems, EverPoint reduces the time, effort and expense traditionally associated with a complex systems implementation. "It was crucial for EverPoint to ally with a strong institutional investor Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. that truly understands the IT consulting space," said Chuck Schaeffer, chief executive officer of EverPoint. "Entente's investment brings more than capital to our front door - it brings us the experience of a seasoned team of industry experts." Under the terms of the agreement, Entente co-founders William Pruitt and Augusto Vidaurreta will serve on EverPoint's board of directors, bringing critical industry experience to the already strong management team. Pruitt is the former managing partner of Arthur Andersen for Florida, Venezuela, and the Caribbean. Vidaurreta brings extensive experience in the consulting arena as co-founder of Systems Consulting Group (SCG SCG Serbia and Montenegro SCG Srbija I Crna Gora (Servian: Serbia and Montenegro) SCG Sydney Cricket Ground SCG Service Canadien des Glaces (Canadian Ice Service) SCG superior cervical ganglion ) and as a senior-level executive at Cambridge Technology Partners and Arthur Andersen. EverPoint has five inter-related practice and technology areas, including customer relationship management (CRM (Customer Relationship Management) An integrated information system that is used to plan, schedule and control the presales and postsales activities in an organization. ) solutions; financial and ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. (Enterprise and Resource Planning) systems; web solutions, including e-commerce development; hosting and outsourcing services; and business intelligence solutions. About EverPoint, Inc. Based in Boca Raton, Florida Boca Raton ("bōkə rə-tōn") is a city in Palm Beach County, Florida incorporated in May 1925. As of the 2000 census, the city had a total population of 74,764; the 2006 population recorded by the U.S. Census Bureau was 86,396. , with offices in Houston, Texas, EverPoint is a specialty IT consulting firm focused on providing services for Fortune 1000, middle-market and high-growth organizations. EverPoint aligns itself with leading strategic partners and leverages these relationships to enable its clients to become more productive, competitive and profitable. More information is available at www.everpoint.com. About Entente Investment Created and led by a team of successful entrepreneurs from leading consulting firms such as Arthur Andersen LLP LLP - Lower Layer Protocol , Andersen Consulting, and Cambridge Technology Partners, Entente invests equity in start-up and early stage e-business consulting firms and mentors them through every level of growth. Entente is backed by successful private equity investors New River Capital Partners and C/Max Capital. More information about Entente is available at www.entente-inv.com. |
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