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Growing Up in a Bear Market has its Benefits.

Newby Prevalis Emerges as Full-Service Solution For Investment Banking and

Private Equity Firms

UNION CITY, N.J., July 10 /PRNewswire/ --

Prevalis, a privately-held New Jersey based provider of business information systems and services, announced today its official launch into the financial services sector. The Company's portfolio of products which includes, strategy and technology consulting as well as employee leasing and recruiting, will be focused on investment banking and private equity institutions among other financial services companies.

"Being small and highly specialized has been our greatest asset" says Carlos Dominguez Prevalis founder and President. "leveraging from our practical business experience and a track record of projects is the key ingredient to the quality of our performance."

At a time when many organizations have shifted away from using outsourced technology services due to lack of expertise in third party vendors, Prevalis has consistently grown into a self-sustaining business. Corporate consolidation along with a stabilizing economy, has increased the demand for integration, migration and customization representing new business opportunities for industry experts like Prevalis.

The winning formula is the product and vision of former Donaldson Lufkin and Jenrette employees and software veterans from Opus360 and Systemcorp LLC. Until now, the Company has successfully been pioneering web-based solutions for its leading client Credit Suisse First Boston. Together, the newly forged team is working on new, innovative products and plans to extend its offering on to other firms within the financial services industry.

ABOUT PREVALIS

Prevalis develops fully integrated and automated web-based solutions that optimize collaboration, knowledge share and transaction processing for business clients. A privately-held company founded in 2000, Prevalis integrates in-depth technical expertise, unmatched subject matter experience and exceptional program management skills to design and build solutions for investment banking and other financial institutions. Its projects span the entire enterprise -- from global investment banking portals, specialized mergers and acquisitions applications to venture capital investment management software. For additional information on Prevalis services, visit their web site at http://www.Prevalis.com or Sherri Lang by phone during regular business hours at 201-330 7979.

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Publication:PR Newswire
Date:Jul 10, 2001
Words:352
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