TEDS Prepares for Rapid Growth; Pending Acquisition by Fidelity Investments Spurs New Efforts as Signing Date Nears.Business Editors ATKINS, Va.--(BUSINESS WIRE)--Feb. 17, 2004 TEDS - A CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter Company, a global leader in human capital development and learning management, today reported that it is preparing for a major expansion in its customer base. The growth, driven primarily through the pending acquisition by Fidelity Investments Fidelity Investments is a group of privately held companies in the financial services industry. It is made up by two independent but closely cooperating companies, Fidelity Management and Research Corporation (FMR Co. , is leading the company to an accelerated drive for fresh talent and enhanced services. Information about the proposed merger was officially released on October 30 at TechLearn 2003, where TEDS was a gold sponsor. TEDS customers received advance information about the announcement in mid-October at the company's annual User Conference, hosted by Qwest at its TEDS-powered Network Training and Development Conference Center in Denver, CO. If completed as planned, the acquisition will allow Fidelity to deliver learning and training administration services that are integrated within Fidelity's existing suite of HR outsourcing services. Meanwhile TEDS would continue to offer its premise-based products and services to both new and existing clients. Fidelity also intends to implement TEDS for use by its employees. Based in the Boston area, Fidelity would operate TEDS as an independent business unit in Virginia, providing the company with the resources and focus necessary for continued growth. Fidelity Investments is one of the world's largest providers of financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , offering investment management, retirement planning Retirement financial planning refers to a collection of systems, methods, and processes which, in their aggregate, support a family unit's (client's) desire to achieve a state of financial independence, such that the need to be gainfully employed is optional. , brokerage, human resources The fancy word for "people." The human resources department within an organization, years ago known as the "personnel department," manages the administrative aspects of the employees. and benefits outsourcing services to 18 million individuals and institutions as well as through 5,500 financial intermediaries Financial intermediaries institution that provide the market function of matching borrowers and lenders or traders. . www.fidelity.com As negotiations continue toward a final agreement with Fidelity, TEDS 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. , Joseph F. Ellis, notes the impact on corporate culture. "The opportunities emerging from our current and future relationship with Fidelity are unlike anything else in the human capital industry. While our entire workforce feels energized by the new challenges, we also renew our commitment to continuous improvement in products and services on behalf of current TEDS customers." Promotions and talent acquisition Robert Schaefer, recently named Director of Consulting Services, comes to TEDS with 23 years of experience in sales, marketing, project management and training at Steelcase, Inc., the world's leading office furniture manufacturer. His specific expertise included the management of learning infrastructure, evaluation of learning management systems, the creation of blended learning Blended Learning is the combination of multiple approaches to learning. Blended learning can be accomplished through the use of 'blended' virtual and physical resources. A typical example of this would be a combination of technology-based materials and face-to-face sessions used solutions, and the development of new materials into sharable objects. As Director, Mr. Schaefer assumes responsibility for helping develop the strategic direction of the program, overseeing daily operations and spearheading the new entity's talent ramp-up for enhanced customer attention. Patricia Hughes, a former senior consultant for TEDS, has been promoted to Director of Sales. Her expertise in learning management systems stems from 22 years of service with BellSouth, capped by five years as BellSouth's owner of the TEDS project. Other management positions held by Ms. Hughes at BellSouth were located in diverse areas such as human capital, corporate and public affairs Those public information, command information, and community relations activities directed toward both the external and internal publics with interest in the Department of Defense. Also called PA. See also command information; community relations; public information. , strategic planning Strategic planning is an organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people. and regulatory compliance. In her new role at TEDS, Ms. Hughes oversees and participates in account management, product demonstrations, proposal creation, and sales staff development. She also initiates the company's efforts to educate customers about their overall strategic needs and their opportunities for improved business processes in relation to human capital initiatives. Mitchell Altice, an industrial engineer and a veteran management consultant with an international client base, joins TEDS as Director of Customer Relations. Mr. Altice has worked in numerous sectors such as aviation, mining, transportation, automobile manufacturing, medical products and space exploration. His familiarity with TEDS products and services goes back over 10 years, and his subject matter expertise in safety issues supports customers who must track compliance and certifications. Besides being a resource for new customers as they transition into daily operations with TEDS, Mr. Altice offers customers information on emerging TEDS' capabilities, and responds to customer feedback on current projects as well as requests for innovation. Consulting services expanded and restructured As evidence of TEDS' growth and readiness for added consulting business, the company has restructured TEDS Consulting Services. Now with its own director, Robert Schaefer, this shift brings a more exclusive focus of TEDS resources to its customers and their project needs. TEDS Consulting Services--available as either stand-alone services or as part of a total TEDS solution package--offer assistance with human capital needs such as strategic planning, outsourcing, reviewing and implementing learning solutions, establishing and operating training-related e-Business, and assessing return on investment. About TEDS TEDS - A CBM Company provides advanced learning management and human capital development tools for enterprise-level companies. Credited with creating the first learning management system (LMS), TEDS offers customer-oriented technology solutions aimed at continuous workforce improvement and talent management on behalf of business objectives. Now installed in over 100 countries with more than a million users, its Fortune 500 and other world-class customers include ATK ATK - Andrew Toolkit Thiokol, BellSouth, Citizens Communications Citizens Communications is the parent company of Frontier Telephone, providing telephone and internet access in 24 states. The company headquarters are located at 3 High Ridge Park in Stamford, Connecticut. , DaimlerChrysler North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Dominion, Eastman Chemical, Ericsson, Fidelity Investments, Owens & Minor, Norfolk Southern, Nortel Networks (Nortel Networks Limited, Brampton, Ontario, www.nortelnetworks.com) A world leader in telecommunications products, which includes switching, wireless and broadband systems for service providers and carriers, telephones and systems for residential and business users, computer telephony , Philips Medical Systems, Qwest, Roche Diagnostics Roche Diagnostics Division is a subsidiary of Hoffmann-La Roche which manufactures equipment and reagents for research and medical diagnostic applications. Internally, it is organized into six major business areas: Roche Applied Science, Roche Centralized Diagnostics, Roche , Sandia National Labs, Steelcase, Telcordia Technologies, and Verizon. One of the company's strongest resources is the TEDS Consortium, comprised of learning management and human capital development experts from over a dozen world-class companies. These leaders reinforce the TEDS commitment to creating real-world solutions in the context of emerging human capital trends. The Consortium, founded in 1992, meets twice a year and is the only organization of its kind among learning management providers. More information is available at www.teds.com. |
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