BSG and Stone Bond Announce Alliance to Provide Integrated IT and Management/Business Services; New Services Target Petroleum, Petrochemical, and Natural Gas Industries.HOUSTON,--(BUSINESS WIRE)--Oct. 24, 1995--BSG Alliance/IT, Inc., the next generation IT services company, and Stone Bond, the leading petroleum and petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. management/business consultancy, today announced a formal alliance to better serve the petroleum, petrochemical, and natural gas industries. The alliance, for the first time, creates a business needs-driven team with the industry expertise and the technology implementation skills necessary to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. and implement solutions for these complex industries. This alliance offers a full spectrum service encompassing strategy, business process, people, and IT aspects of implementing business improvements. Driving the alliance is the dire need of the inherently complex petroleum, petrochemical, and natural gas industries for competitive advantage at a time when distributed When distributed When issued. computing is gaining acceptance as an enabling technology. Plagued by declining real prices, and political, legal, and regulatory changes worldwide, these industries are responding with massive downsizing (1) Converting mainframe and mini-based systems to client/server LANs. (2) To reduce equipment and associated costs by switching to a less-expensive system. (jargon) downsizing and reengineering, and more importantly, 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. and implementing meaningful growth strategies in a global environment. These circumstances, coupled with the requirement for instant global access to meaningful data and relevant business communications make the Stone Bond/BSG alliance a major step forward in meeting the needs of these industries. "The oil industry is particularly unique in its complexity relative to the other industries trying to use new technology to create enhanced customer services or to improve competitive positions," said Pete Luitwieler, formerly Vice President, Supply/Logistics and currently Vice President of Systems Modernization modernization Transformation of a society from a rural and agrarian condition to a secular, urban, and industrial one. It is closely linked with industrialization. As societies modernize, the individual becomes increasingly important, gradually replacing the family, for Citgo Petroleum Corporation. "In order for any company to take maximum advantage of the technology and software available today, it is important that they combine both the business experience and the IT knowledge. This traditionally has not been an easy task in this industry." Through the alliance, the two companies will provide a broad spectrum of complementary services including strategic management consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects , operations strategy, technology strategy, systems integration, and facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. . BSG BSG Battlestar Galactica BSG Broadband Stakeholder Group (UK) BSG British Society of Gastroenterology (London, UK) BSG Business Systems Group BSG Business Solutions Group BSG Basigin and Stone Bond have already experienced success with their teaming approach on a project for Valero Energy Corporation Valero Energy Corporation (NYSE: VLO) is a Fortune 500 company based in San Antonio, Texas with 21,836 employees and annual revenue of more than $90 billion. The company owns and operates 17 refineries throughout the United States, Canada and the Caribbean with a combined . Stone Bond reviewed and recommended improvements to Valeros business process during the initial phase of the project that would change the need and flow of information. Stone Bond and BSG then assisted in the translation of these business process requirements into a business systems development plan. "The real benefit from the BSG/Stone Bond team was that they were not only able to make meaningful recommendations to our business processes, but also incorporate these ideas into systems advancements," said Baines Manning, Executive Vice President of Valero Refining & Marketing Company. "We believe that their efforts will have a direct, positive impact on our business, and we also like the way they achieve their results. There was minimal disruption to our daily operations and my people were pleased that they dealt with oil people for their portion of the project." Another driving force in the creation of the alliance was a joint belief that the model of solely IS-driven systems development has changed. A successful systems development project team must have a sound business strategy, significant involvement of key users, and an understanding of how to use current technology to achieve business improvements. Resulting systems must support the future-state business objectives. The Stone Bond/BSG alliance was created to deliver on each of these dimensions. "Stone Bond's and BSG's core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
A business that engages in transactions with outsiders. and are committed to staying at the forefront of industry trends, opportunities, and advancements. Traditional approaches are overly, if not solely, focused on technology, often ignoring the strategy, business processes, and people. Gone are the days when a company can afford to merely automate their current business processes and gloss over Verb 1. gloss over - treat hurriedly or avoid dealing with properly skate over, skimp over, slur over, smooth over do by, treat, handle - interact in a certain way; "Do right by her"; "Treat him with caution, please"; "Handle the press reporters gently" the other important transformation components. With BSG as a partner, we can now provide services that address all of a projects dimensions for success." "Our alliance with Stone Bond fits perfectly with what customers have told us they want," said Steven G. Papermaster, Chairman and 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 BSG. "They want partners that understand their business, and who have the capability to create and implement global strategies. Tom Mark, BSG's Energy Initiative Leader will work closely with Stone Bond to meld our technology skills with their management business expertise, creating a new level of business transformation service for the energy industry. With Stone Bond as a global partner, we can focus on building value for our energy customers; not just for today, but to meet the industry needs of tomorrow." About Stone Bond Stone Bond Corporation is an international management and business consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a focusing on the petroleum, petrochemical, and natural gas industries. Stone Bond places a strong emphasis on the implementation of business solutions. Headquartered in Houston with offices around the world, Stone Bond is led by president and founder Antonio M. Szabo. About BSG BSG is the next generation IT services company, combining process innovation, client/server systems integration, consulting, and knowledge and skills transfer. Led by Chairman and CEO Steven G. Papermaster, BSG partners with companies worldwide in applying next generation technologies to create value and lead the change in business processes and culture. Founded in 1987, BSG has 11 locations across the US and was recently recognized as an Inc 500 company. CONTACT: BSG ALLIANCE/IT, INC. Beth Miller, ,713/966-1085 |
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