[0] TRW Sells Inventory Software Products and Services Division MARC to Management Group and Washington Investment Partners.Business Editors WASHINGTON--(BUSINESS WIRE)--Dec. 8, 2000 MARC Global Services to be renamed MARC Global Holdings MARC Global Holdings a company formed by Senior Management and an international investment group led by Washington Investment Partners (WIP WIP Work In Progress WIP Work in Process WIP World Internet Project WIP Women in Prison (movie genre) WIP World Institute of Pain WIP Wash-In-Place WIP Women in Publishing WIP Work In Place WIP Wireless Internet Protocol ) has acquired the MARC products and services division from Cleveland based TRW TRW The Real World (TV reality show) TRW The Right Way TRW Tactical Reconnaissance Wing TRW The Retriever Weekly (University of Maryland, Baltimore, MD) TRW Thompson Ramo Wooldridge Inc Inc. TRW will continue to own 19.9% of the company and will remain a major MARC customer. Success in the new economy will depend upon development of leaner, faster, and more flexible e-chain management systems. MARC is a leading provider of highly scaleable products and services in the warehouse and supply chain, execution systems market segment. Using next generation proprietary technologies, MARC systems reduce the usual months long installation process to a matter of a few days. MARC customers are thus not burdened by high costs to re-write, re-host and re-structure their supply chain solutions. With operations in the U.S., Europe and Australia, MARC Global Holdings expects sales in 2001 to exceed $45 million. Efforts will be focused on increasing the global reach of MARC systems through continued development of indirect sales channels and value-added integrators. The company will continue to concentrate on rapid delivery of end-to-end supply chain solutions. "MARC Global Holdings will allow us to realize our true market potential in the new competitive marketplace," said Theo Kremers, formerly with TRW and the new CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and President of MARC Global Holdings. "We are committed to ongoing product innovation, aggressive channel marketing and strong customer service. We are especially pleased to have completed this acquisition amidst the current turbulence of the capital markets." MARC currently counts among its customers some of the largest and most complex traditional and new economy businesses with global supply chain execution operations, including pharmaceutical, third party logistics, automotive, high technology and electronics, food service and publishing. With a presence in over 20 countries, customers include Bristol Myers Squibb, Johnson & Johnson, Fosters Brewing Company, Ford Motor Company, Merck Pharmaceuticals, New Wave Logistics Fed Ex, Penske Truck Leasing Penske Truck Leasing Co., L.P., headquartered in Reading, Pa., is a joint venture of Penske Corporation and General Electric. A global transportation services provider, Penske operates over 216,000 vehicles and serves customers from more than 1,000 locations in North America, South , Sony, Quill quill: see pen. Corp., Random House, Tech Pacific and TNT TNT: see trinitrotoluene. TNT in full trinitrotoluene Pale yellow, solid organic compound made by adding nitrate (−NO2) groups to toluene. Logistics. "MARC represents a continuation of our strategy to acquire interests in companies with proprietary technology providing differentiated offerings in Internet enabled markets," said Tom Snyder Tom Snyder (May 12, 1936 - July 29, 2007) was an American television personality, news anchor, and radio personality best known for his late night talk shows The Tomorrow Show, on the NBC television network in the late 1970s and '80s, and The Late Late Show , Managing Director of European Operations, WIP. "Internet and telecommunications advancements have made it possible for entire industry groups to take advantage of new solutions for business critical data intensive systems. We believe the market for MARC systems will enable us to grow our sales in excess of a 25% annual rate for the foreseeable future." Washington Investment Partners is a privately held merchant bank that focuses upon making investment in the new economy. Its partners include former Senator Robert Kasten, Howard Lefkowitz, formerly Vice President for Internet business development at EarthLink, F. Davis Camalier, David Littman David Littman can refer to any of the following people
 The of this article or section may be compromised by "weasel words".You can help Wikipedia by removing weasel words. The Carlyle Group is a Washington, D.C. in Washington. |
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