Concerto Software and Aspect Communications Complete Merger and Form Aspect Software.WESTFORD, Mass. -- Merger Creates Largest Company Solely Focused on Contact Center; Industry Founders and Luminaries Come Together to Offer Customers Unparalleled Insight Concerto concerto (kənchâr`tō), musical composition usually for an orchestra and a soloist or a group of soloists. In the 16th cent. concertare and concertato implied an ensemble, either vocal or instrumental. Software(R) and Aspect(R) Communications today announced completion of their merger. The transaction was approved by a majority of Aspect Communications' shareholders on 21 September 2005. The new entity, privately held by Golden Gate Capital, Oak Investment Partners, company management and others, will now operate as Aspect Software(TM). The newly formed Aspect Software brings together more than 30 years of contact center expertise and innovation with a robust, market-leading product portfolio that includes predictive dialers An automatic telephone dialing system that dials from a list of numbers and turns the call over to an agent when a human responds. It increases productivity in a call center, because the agents can spend their time talking rather than waiting for calls to go through as well as hanging up , automatic call distributors (ACD (Automatic Call Distributor) A computerized phone system that responds to the caller with a voice menu and connects the call to the appropriate agent. It can also distribute calls equally to agents. ), unified contact center systems, self-service interactive voice response (IVR (Interactive Voice Response) An automated telephone information system that speaks to the caller with a combination of fixed voice menus and data extracted from databases in real time. ) systems, workforce management Workforce Management (WFM) encompasses all the responsibilities for maintaining a productive and happy workforce. Sometimes referred to as HRMS systems, or even the larger ERP systems (Oracle, PeopleSoft, SAP). There are many software vendors within this space. applications and performance analytics solutions, enabling the company to meet customer demand for increased functionality and reduced complexity. Aspect Software will continue to evolve and support all of its major product lines, build tighter integrations among its products and provide evolutionary methods for customers to adopt new and emerging technologies. "The new Aspect Software is committed to protecting our customers' investments and is well-equipped to support them in achieving their strategic collections, customer service and sales and telemarketing telemarketing, the practice of selling goods or services to customers by means of the telephone or of surveying consumer preferences in telephone conversations. objectives," said Jim Foy, president and chief executive officer (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 Aspect Software. "Our leading products combined with the insight of industry luminaries and technology inventors like Gary Barnett
Jim Mitchell and Roger Sumner uniquely position Aspect Software to offer a level of expertise that is unmatched in the contact center industry." Aspect Software anticipates in excess of $600 million in annual revenue, with more than 5,000 customers and a global presence in over 50 countries. The company also expects to maintain its strong record of profitability, demonstrating long-term viability and enabling significant investment in research and development. "Our top priority is to make our customers comfortable with the fact that the products they rely on to run their businesses are going to continue on, and to ensure they see enhanced product support. At the same time, it is crucial for us to invest in R & D so we can continue innovating in order to provide them with a non-disruptive path to the future as and when they require it," said Gary Barnett, chief technology officer (CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. ) and executive vice president of worldwide customer support, Aspect Software. "We have developed a strong product roadmap that supports these priorities and takes advantage of the strengths both companies bring to the table. We will spend the next several weeks and months communicating that roadmap to our customers." The executive team of the new company, led by Foy, includes individuals from both companies' management teams. Gary Barnett, former CEO of Aspect Communications, now serves as chief technology officer (CTO) and executive vice president of worldwide support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for Aspect Software. Other members of the new management team include: --Ralph Breslauer - executive vice president of global sales and marketing --Mike Provenzano - executive vice president and chief financial officer (CFO See Chief Financial Officer. ) --Alex Tellez - executive vice president of engineering CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. , a contact management company, that uses both Aspect and Concerto products, commented on the merger, "As a customer contact management company in the United Kingdom, it is important to us that we have solutions that enable us to make the most effective use of our resources," said Stephanie Rouse, commercial director, CPM International. "With easier integration points between products and unified support, the merger of Aspect and Concerto, we believe, will help us continue to maintain our ranking, as well as, help us continue to grow our business throughout Europe." About Aspect Software Aspect Software, the founder of the contact center industry, is the largest company 100 percent focused on providing proven, innovative products and services that enable key business processes including customer service, collections, and sales and telemarketing for in-house and outsourced contact centers. Each day, companies around the globe conduct more than 125 million customer interactions using Aspect's flexible, reliable solutions for automatic call distribution (ACD), predictive dialing, workforce management, analytics, IVR and multi-channel contact. Headquartered in Westford, Mass., Aspect has operations across the Americas, Europe, Africa, the Middle East and Asia Pacific. For more information, visit www.aspect.com. Note: Aspect Software is a trademark of Aspect Software, Inc. Concerto Software is a registered trademark of Concerto Software, Inc. Aspect is a registered trademark of Aspect Communications, Inc. All other trademarks are the property of their respective owners. |
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