CSI announces formation of services subsidiary; Paragon Services, Inc. to provide breakthrough solutions in Reliability Management.KNOXVILLE, Tenn.--(BUSINESS WIRE)--Aug. 20, 1996--Computational Systems, Inc. (Nasdaq/NM:CSIN CSIN Chemical Substances Information Network CSIN Computer Systems Information Network ) announces the formation of a new company focused entirely on meeting the increased needs in the service market. Effective Monday, August 26, CSI CSI Crime Scene Investigator CSI CompuServe, Inc. CSI Commodity Systems, Inc. CSI Commodity Systems Inc. (Boca Raton, FL) CSI Crime Scene Investigation (CBS TV show) CSI Christian Schools International Services, the CSI technical service division, will become Paragon Services, Inc., a wholly-owned subsidiary providing training, 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 , engineering and predictive maintenance Predictive maintenance (PdM) techniques help determine the condition of in-service equipment in order to predict when maintenance should be performed. This approach offers cost savings over routine or time-based preventive maintenance because tasks are performed only when services for industrial, commercial and institutional reliability. This move by CSI, known worldwide for its product and technology developments in advanced maintenance, will allow Paragon to expand into new markets and to solve problems for companies that might not require CSI products, but can benefit from CSI's expertise. 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. CSI Chairman and Chief Executive Officer Ronald G. Canada, strong growth opportunities exist to expand the technical services currently available, and creating Paragon is the best way to realize this potential. "I am very excited about the formation of Paragon Services, Inc. At CSI, we know there are two critical requirements for the success of a business venture, having the right vision and having the right team of people focused on pursuing that vision. This move allows us to separate and clarify our vision for the services business and intensely focus the Paragon management on those things necessary to succeed," said Canada. David G. Petersen, previously general manager of CSI Services, has been named president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Paragon. Under Petersen's management CSI Services enjoyed strong sales growth, representing almost 20 percent of CSI's business in the twelve-month period ended December 31, 1995, a 27 percent increase over the same period in 1994. With a mission to improve business by providing breakthrough solutions in reliability management, Paragon will offer four areas of service: Management Consulting, Training, Engineering, and Predictive Maintenance. Petersen said solutions are aimed to increase production reliability, production capacity and availability, while improving throughput, product quality and profits. Paragon will provide CSI customers the same high level of quality services and training they expect, while expanding the services they currently offer. Paragon will be headquartered at 835 Innovation Drive, Knoxville, Tennessee “Knoxville” redirects here. For other uses, see Knoxville (disambiguation). Founded in 1786, Knoxville is the third-largest city in the state of Tennessee, behind Memphis and Nashville, and is the county seat of Knox CountyGR6. , 37932. For more information, contact Bryan Collier at 423/675-2110. CONTACT: Computational Having to do with calculations. Something that is "highly computational" requires a large number of calculations. Systems, Inc., Knoxville Bryan J. Collier, 423/675-2110 |
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