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Colonial Tax Hires Head of Engineering; Cal Holman Brings Expertise in Integrating Product Development with Corporate Strategy.


Business Editors

ATLANTA--(BUSINESS WIRE)--May 3, 2004

Colonial Tax Compliance Company, a leading provider of tax compliance 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.  services, today announced that it has named Calvin Holman, Vice President of Engineering. His primary focus will be to develop and launch breakthrough solutions for managing complex tax compliance processes.

"Cal brings with him over 20 years of experience in building and managing talented product development teams," said John McAteer John McAteer (born 5 January 1933, died February 1977) was National Organiser of the Scottish National Party (SNP) from 1968 - 1977. He organised the campaign for the successful election to the United Kingdom House of Commons of Winifred Ewing in 1967. , President 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 Colonial Tax. "He will be instrumental in developing new technologies for our compliance outsourcing services. Cal's primary goal will be to provide corporations with the most innovative, powerful, and cost effective solutions for managing complex tax compliance."

Most recently Holman was the eBusiness Technology Group Manager at Paymentech, a payment processing company with annual volume of 7 billion transactions, where he built a system that seamlessly handled over 2 million merchant transactions a month while ensuring 100% system security and availability. Prior to Paymentech, he served as Senior Vice President of Vital Processing Service where he managed the technical evaluation The study and investigations by a developing agency to determine the technical suitability of material, equipment, or a system for use in the Military Services. See also operational evaluation.  for mergers and acquisitions, created the technology infrastructure that integrated three legacy systems into one Internet Internet

Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the
 portal, and developed a solid process methodology for software development.

"This is an exciting time to join Colonial Tax," said Holman. "The market for outsourcing tax compliance services is going through explosive growth. CFOs are starting to realize the tremendous value technology and expertise bring to reducing compliance and audit costs. Colonial Tax is providing the services financial executives need to ensure their tax department is in line with all regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. , and I look forward to bringing to market the next generation of services that provide even greater value to corporate finance teams."

About Colonial Tax

Colonial Tax Compliance Company, a leader in sales and use tax Sales and use tax refers to:
  • Sales tax
  • Use tax
 compliance services, provides a comprehensive suite of hosted tax solutions including returns preparation, exemption certificate management, tax compliance reviews and recovery services. By combining extensive tax expertise, through process knowledge and advanced technology, Colonial tax has partnered with over 200 companies to ensure they are in compliance with the 7,600 taxing jurisdictions throughout the U.S. Last October, Austin ventures, one of the nation's largest and most respected venture capital firms Name Location Founding date Managing Partners/Directors Specialty Capital managed
5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1]
, made a significant investment in Colonial Tax, continuing its commitment to invest in high-potential outsourcing services businesses. With $2.4 billion under management, Austin Ventures has been working with talented entrepreneurs to build valuable companies since 1979. Visit www.colonialtax.com for more information.
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Publication:Business Wire
Date:May 3, 2004
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