ABS Capital Partners Joins with Concept Five Technologies to Evaluate IT Investments; Architectural and Security Expertise Cuts Through E-business Hype.Business Editors/Hi-Tech Writers VIENNA, Va.--(BUSINESS WIRE)--April 11, 2000 ABS (Automatic Backup System) See backup program. Capital Partners, an independent private equity fund that invests in companies with high growth potential, has retained Concept Five Technologies, a leading web integration firm, to evaluate the e-business readiness of companies they are considering as potential investments. "There is e-business hype hype 1 Slang n. 1. Excessive publicity and the ensuing commotion: the hype surrounding the murder trial. 2. everywhere. We trust Concept Five Technologies to cut through the hype and discover the IT strengths and vulnerabilities of our potential investments," says Tim Weglicki, General Partner, ABS Capital. "Concept Five is a valuable partner in our venture capital business. And, the more complex e-business becomes, the more we will depend on the sophisticated enterprise architectural and security skills Concept Five offers." Concept Five uses the principals found in its market proven Secure Application Integration Methodology (SAIM(sm)) to assess how well a company's IT infrastructure tracks and scales to its business initiatives. They also evaluate the security policies and technologies to determine the risk they may incur To become subject to and liable for; to have liabilities imposed by act or operation of law. Expenses are incurred, for example, when the legal obligation to pay them arises. An individual incurs a liability when a money judgment is rendered against him or her by a court. by doing b2b or b2c e-business. When Concept Five exposes integration flaws and security risks they make recommendations and strategies for making the company e-business ready. "A company's information infrastructure is a key determiner of its viability as an e-business. We have been impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: with how much scrutiny ABS Capital wants to give to the IT systems of the companies they are reviewing," said Bill Ruh, Executive Vice President and CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. , Concept Five Technologies. "We are pleased to be asked to provide this scrutiny on their behalf." ABOUT CONCEPT FIVE TECHNOLOGIES Concept Five is a web integration firm that helps companies use the Internet and their current technologies to grow their business. Concept Five designs, builds and launches e-business services, integrating these services to the Web and to their clients' back-end systems, then make sure the enterprise is secure. Concept Five's advanced integration and security know-how helps their clients bring their e-business services to market fast. And, Concept Five's scalable and flexible business solutions keep its clients ahead of their competition. www.concept5.com ABOUT ABS CAPITAL PARTNERS ABS Capital Partners (www.abscapital.com) is a private equity firm with $900 million under management and offices in Baltimore, Nashville, Northern Virginia Northern Virginia (NoVA) consists of Arlington, Fairfax, Loudoun, and Prince William counties and the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park. and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden . ABS invests in growth companies primarily in technology, healthcare, media/communications and business services industries. ABS makes privately negotiated equity investments through management buyouts Management buyout (MBO) Leveraged buyout whereby the acquiring group is led by the firm's management. management buyout See going private. , recapitalizations and expansion financings. |
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