Accompany Acquires Corollary Solutions; Mr. David Shoup, President of Corollary Solutions, becomes Accompany CEO.Business Editors OAKLAND, Calif.--(BUSINESS WIRE)--May 21, 2002 Accompany Mobile Technology, Inc., the mobile enterprise application software company, announced today its acquisition of Corollary Solutions, a high-end customer care business-consulting firm based in Oakland, California “Oakland” redirects here. For other uses, see Oakland (disambiguation). Oakland (IPA: /ˈoʊklənd/), founded in 1852, is the eighth-largest city in the U.S. . From this acquisition, Accompany gains experienced 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. ) business consultants and wireless industry executives. Other significant benefits in the acquisition are Corollary's revenue streams and its impressive client base, including HP (formerly Compaq) and Vodafone. Cash flow from consulting revenues will help Accompany maintain a low burn rate while its Mobile Relationship Management product suite is in development. Furthermore, Accompany gains an existing organizational infrastructure allowing it to efficiently manage early stage growth. In turn, Accompany brings to Corollary its strong product development, business development and software sales executives. Mr. David Shoup, President of Corollary Solutions, will become the 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. of Accompany, bringing his years of worldwide executive management and operations experience to his role as CEO and board member. "The acquisition of Corollary by Accompany made business sense. Corollary was a natural extension of our work at Octane and E.piphany, helping Fortune 500 companies make complex CRM implementations work. Now Accompany will fully utilize our expertise in CRM applications and wireless technology to deliver mobile CRM that meets client needs," said David Shoup, adding, "Since we came from the client side, rolling out international best-of-breed call centers, we know what the market demands." "We used this strategy of building professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. while simultaneously building product at Octane successfully, to keep burn low and professional services ready for product delivery," said Rob Loughan, manager of Sagus Capital Partners and board member of Corollary, who will serve as Chairman of the board at Accompany. Corollary Solutions was a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. with investment capital from Sagus Capital Partners (www.saguscapital.com). The founders of Accompany are Doug Klotz, David Leventhal and Rob O'Farrell. Early funding for Accompany was provided by Gryphon Labs (www.gryphonlabs.com), which continues to partner with Accompany's engineering team to complete the first release of the product. "Venture capitalists and customers have learned to hold startups to exacting standards. Executive experience, specific area expertise, complete and focused business plan, and existing satisfied customers are all key factors in a startup's ability to prevail. The Accompany founding team started with the proven ability to build, market, and sell world class applications. Gryphon Labs delivered at least a six-month time-to-market boost. Corollary brings tremendous CRM and mobile computing Using a computing device while in transit. Mobile computing implies wireless transmission, but wireless transmission does not necessarily imply mobile computing. Fixed wireless applications use satellites, radio systems and lasers to transmit between permanent objects such as buildings expertise, a pedigreed customer list, and the remaining members of an ideal management team," said Robert Gryphon, founder of Gryphon Labs (www.gryphonlabs.com), initial designer of the Accompany product, and board member of Corollary, who will continue as an Accompany board member. Prior to founding Corollary Solutions, David Shoup held the position of Vice President of Customer Management for Octane Software. Earlier, Mr. Shoup held progressively responsible positions at AirTouch Communications (Vodafone) both in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. He led diverse teams responsible for developing and improving strategic operations and wireless licensing in Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . He has been instrumental in the development of standards and practices in the area of cellular technology. His design skills served him well when in 1989 he was tasked with developing cellular technical services capabilities for the Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. market. Throughout his career, he has approached his work with innovation, integrity and a healthy irreverence for the status quo [Latin, The existing state of things at any given date.] Status quo ante bellum means the state of things before the war. The status quo to be preserved by a preliminary injunction is the last actual, peaceable, uncontested status which preceded the pending controversy. . Accompany Mobile Technology, Inc. is a new software company in the emerging enterprise Mobile Relationship Management (MRM MRM Marketing Resource Management MRM Mobile Resource Management MRM Metabolic Response Modifiers MRM Multiple Reaction Monitoring (mass spectrometry) MRM Mormonism Research Ministry MRM Mechanically Recovered Meat ) industry, providing process-driven mobile field force applications and solutions for the enterprise. "Mobilize your Enterprise." For further information or interview requests, please contact Judy Dixon, dominion3 Public Relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most for Accompany Mobile Technology, Inc., 323/466-3393, PR@accompanymobile.com, or visit www.accompanymobile.com. |
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