AnswerThink and LeapSource Announce Strategic eBusiness Services and Business Process Outsourcing Alliance; Competitive Advantages in Expanding Markets Offered for Clients.Business Editors PHOENIX--(BUSINESS WIRE)--Feb. 29, 2000 AnswerThink (Nasdaq:ANSR ANSR Autonomous Naval Support Round ANSR Adaptive Network Solutions Research, Inc. ANSR Advanced Neutron Source Reactor ANSR Active No Swashplate Rotor (Army) ) and LeapSource, Inc. announced today the formation of a multi-tiered eBusiness services and business process outsourcing Business process outsourcing (BPO) is the contracting of a specific business task, such as payroll, to a third-party service provider. Usually, BPO is implemented as a cost-saving measure for tasks that a company requires but does not depend upon to maintain its position in strategic alliance that will provide a new hosted eBusiness solution from Web Site/Internet Gateway to Back Office Infrastructure. The combination extends the two companies' reach and services to clients, gives them new revenue streams and enhances their marketing opportunities. "LeapSource is emerging as one of the marketplace leaders in the eBusiness-process outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , providing finance, accounting and other business services in tandem Adv. 1. in tandem - one behind the other; "ride tandem on a bicycle built for two"; "riding horses down the path in tandem" tandem with the best people, processes and technology," said Ted Fernandez, chairman and chief executive officer of AnswerThink. "The combination of AnswerThink's comprehensive eBusiness solutions and LeapSource's expertise in business process outsourcing signifies the creation of a powerful new capability for our clients and for other companies seeking sophisticated sourcing answers. This alliance provides a fresh new choice for those organizations interested in crafting a scaleable eBusiness infrastructure able to grow and adapt to rapid market changes and shifts." Chris Kirk, chief executive officer of LeapSource, said, "AnswerThink and its comprehensive eBusiness solutions - eBusiness strategy, interactive marketing, Web design, eCommerce, decision support and the Hackett Benchmarking & Research database of best practices - strengthen our position in the marketplace. The Hackett database, for example, will provide our clients with intellectual capital built upon the delivery, performance and best-practices insight of more than 1,400 companies. All our clients will receive a Hackett benchmark analysis as a baseline The horizontal line to which the bottoms of lowercase characters (without descenders) are aligned. See typeface. baseline - released version for evaluating our outsourcing services, assuring them that we offer them world-class metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. ." Other potential highlights of the alliance include: -- LeapSource will utilize the architecture of AnswerThink's proprietary Intranet software, Mind-Share. AnswerThink will provide a shared web community for LeapSource and its clients, creating a rich central repository of information that allows for interaction and informational exchange. Through this new online community, LeapSource and its clients will be able to communicate and share data with each other, while also having easy access to best-practices data. LeapSource will be the "beta" client for market testing of the new customer facing version of Mind-Share. -- LeapSource gains access to AnswerThink's world-renowned knowledge and database of business best practices from Hackett Benchmarking and Research. LeapSource will employ Hackett during the diagnostic phase of its sales cycle to analyze individual customer processes, provide comparative insight, recommend solutions and set prices. In addition, through its web site, LeapSource will offer potential clients a free sample diagnostic service incorporating Hackett's benchmark data. -- AnswerThink becomes a preferred provider for LeapSource's business process outsourcing services, expanding offerings and capabilities for both organizations and allowing clients and potential clients even greater access to proven eBusiness strategies and implementation frameworks. As such AnswerThink will participate in the implementation of eBusiness integration services. -- Fernandez joins the board of directors for LeapSource. Kirk and Fernandez also noted that the alliance offers significant cooperative marketing opportunities for AnswerThink and LeapSource, through shared advertising, joint participation in seminars and co-authorship of white papers. "We're very excited about the prospects of how this arrangement can impact the marketplace," said Fernandez. "We believe that the skill sets and capabilities represented by this joint arrangement offer clients another powerful weapon in their eBusiness arsenal. Ultimately, companies today are looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. visionary 1. visionary - One who hacks vision, in the sense of an Artificial Intelligence researcher working on the problem of getting computers to "see" things using TV cameras. (There isn't any problem in sending information from a TV camera to a computer. solutions that provide increased efficiency and competitive advantage. Bringing AnswerThink and LeapSource together for this alliance gives companies an unprecedented new choice for doing just that." About AnswerThink AnswerThink (http://www.answerthink.com) is a leading eBusiness solutions provider. With its recent merger with THINK New Ideas "New Ideas" is the debut single by Scottish New Wave/Indie Rock act The Dykeenies. It was first released as a Double A-side with "Will It Happen Tonight?" on July 17, 2006. The band also recorded a video for the track. , the Company now helps design, build, market and support the e-business efforts of a growing list of Global 1000 and dot-com clients. AnswerThink offers a wide range of integrated solutions, including eBusiness strategy, interactive marketing, Web design, best practices benchmarking and business modeling, custom application development, software package implementation, e-commerce and decision support technology. The Company's end-to-end focus provides its clients with a unique combination of marketing, business and technology expertise that spans multi-functional areas that include brand and product development, supply chain, sales and marketing, customer support, finance, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and information technology. About LeapSource LeapSource has been aggressively pursuing acquisitions and building alliances since its founding in September by three former Big Five partners and an experienced executive team. In October, LeapSource received a commitment for $65 million in private equity investment from GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control . In December, LeapSource completed its acquisition of CorpCare Financial Sourcing, LLC, of 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 . On Feb. 9, LeapSource announced its acquisition of ICG ICG indocyanine green. Consulting, Inc., of Phoenix, an award-winning provider of software products and design for workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. . LeapSource will help companies maximize their core business and grow more profitable by providing industry-leading back-office management through web-enabled technology, allowing executives to mine untapped value in back-office data. LeapSource's Process Service Provider(SM) solution will give clients sustainable competitive advantages by maximizing business process design, technology capabilities and processing capacity. LeapSource will deliver finance and accounting back-office functions across a variety of industries with a technology platform taking advantage of the economies of the Internet. LeapSource also will focus on a number of industry-specific business processes, such as admissions and financial aid in higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. . For additional information, call 602/207-5453. |
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