CROSSMARK To Acquire BEST Systems, Inc.; Acquisition Provides Expanded eBusiness and Software Development Services for CROSSMARK's Consulting Practice.Business Editors/High-Tech Writers PLANO, Texas--(BUSINESS WIRE)--Nov. 27, 2001 CROSSMARK(R), a global provider of sales, marketing, technology and consulting services, executes Letter of Intent with BEST Systems, Inc., an international eBusiness and application software development company. CROSSMARK, which continues to enjoy enormous success in the areas of 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 , collaborative sales and emerging technologies, expands it business process applications with the addition of BEST Systems, Inc. Specifically, the combined companies provide innovative solutions in the areas of sales force automation Automating the sales activities within an organization. A comprehensive SFA package provides such functions as contact management, note and information sharing, quick proposal and presentation generation, product configurators, calendars and to-do lists. , 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. ), knowledge management systems (KMS KMS - Knowledge Management System ), workflow systems, portal development and coordination, business intelligence and digital asset management. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Butch Smith, Chairman/CEO of CROSSMARK, "The addition of BEST Systems, which is ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9001 certified and a Microsoft Gold Partner, provides significant business value to companies around the world by combining industry knowledge with unparalleled technological expertise." Dr. Nand Singh, President of BEST Systems, Inc., stated, "Our customers will gain efficiency, cost savings and significant improvements within their core business processes. By merging with CROSSMARK we can increase the scope of our market-leading technologies and accelerate the speed of our deliverables." John Thompson, Managing Director of CROSSMARK Consulting, said, "We have worked with BEST Systems numerous times in the past. While developing collaborative applications for a shared client, we discovered the similarities between companies, particularly in the areas of thought process, culture and commitment to client satisfaction. Additionally, our services align magnificently and together; we can recommend procedures to help our clients gain operational efficiencies, then develop the pertinent software applications using BEST Systems' disciplined approach to integration, coding and knowledge sharing." The two companies, which have initiated their respective due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. activities, expect to formally consummate the agreement in February of 2002. Upon completion of the transaction, BEST Systems will continue to operate as an independent operating company operating company A business that engages in transactions with outsiders. with Dr. Nand Singh as its president. About CROSSMARK CROSSMARK is a professional business services company providing sales, marketing, technology and consulting services. CROSSMARK, which employs over 9,000 associates in 61 offices throughout the United States, Canada and Australia, is headquartered in Plano, Texas. For more information visit www.crossmark.com. About BEST Systems, Inc. BEST Systems, Inc. is an ISO 9001 certified provider of innovative, reliable, scalable, cost-effective, end-to-end eBusiness solutions for Fortune 1000 companies and growing enterprises. Clients like Microsoft, Mary Kay Cosmetics, Southwestern Bell Wireless, Texas Instruments, GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) and MCI (1) (Media Control Interface) A high-level programming interface from Microsoft and IBM for controlling multimedia devices. It provides commands and functions to open, play and close the device. (2) (Microwave Communications Inc. , turn to BEST Systems for its proven methodology and ISO 9001 standards. As a Microsoft Gold Certified Partner, BEST Systems has a proven track record of having technological expertise to offer Microsoft based solutions. BEST Systems is headquartered in Addison, Texas and has regional offices in Houston, Detroit and Bombay, India. The company maintains a central solution center and training facility with high-speed data links at the Addison location. For more information visit www.bestsys.com. |
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