Conversion Services International Announces Alliance with IDOM
May 15 2007 - 9:00AM
PR Newswire (US)
- Alliance Supports Data Warehousing Initiatives for Financial
Regulatory Reporting Industry - EAST HANOVER, N.J., May 15
/PRNewswire-FirstCall/ -- Conversion Services International, Inc.
(AMEX:CVN), a premier professional services firm focused on
delivering the value in business intelligence, data warehousing and
data management solutions to Global 2000 organizations and other
businesses, today announced an alliance with IDOM, Inc., a Newark,
NJ-based industry leader in providing scaleable, reliable software
and services that reflects its expertise in banking and regulatory
compliance solutions. (Logo:
http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGO ) In
continuing to expand its vertical solution delivery capability, CSI
has formed an alliance with IDOM, Inc. IDOM's REG-Reporter is the
industry standard for automating financial institutions' regulatory
reporting needs, mitigating risk and increasing the effectiveness
of bank personnel. REG-Reporter addresses financial reporting
requirements of both domestic and international banks by automating
compliance with mandated reports to regulatory authorities, senior
management and head offices, and helps ensure accuracy and
integrity of financial reports while increasing efficiency of the
reporting process. CSI will leverage its extensive banking and
business process improvement capabilities resident in their
wholly-owned subsidiary, DeLeeuw Associates, and incorporate IDOM's
leading banking solutions to deliver significant total cost of
ownership reductions to clients having to manage their business in
a highly regulated space. CSI will blend its substantial knowledge
and expertise in business intelligence and data warehousing with
IDOM's banking solution projects in order to facilitate the
required data profiling and data quality activities which occur
during these engagements. Bryan Carey, CSI's SVP of Strategic
Consulting and managing director of DeLeeuw Associates, commented,
"CSI continues to leverage the strength of our entire suite of
service delivery capabilities by combining our strengths in
business process improvement, Six Sigma and business intelligence.
When we incorporate our delivery capacity with specific industry
vertical solutions such as those offered by IDOM, we are able
present our client with substantial value propositions that have
measurable impacts on their financial and competitive well being."
About IDOM, Inc. Headquartered in Newark, N.J., IDOM, Inc. has been
helping its customers solve their regulatory and compliance
concerns since 1988 and is considered an industry leader in
providing scaleable, reliable solutions and services that reflects
its expertise in the areas of banking, compliance and technology.
IDOM's principals and co-founders, Chairman and CEO Stephen
Codignotto and President and CFO Vincent Raniere are recognized for
their banking systems and technology expertise in both the United
States and overseas. The company's software products include its
industry-leading REG-Reporter(R), an automated regulatory reporting
solution, and DOC-Tracker(R), a documentation and compliance
management software application. For more information on IDOM(R)
products and services please call 973.648.0900, email or visit
http://www.idomusa.com/ . IDOM, REG-Reporter and DOC-Tracker are
registered trademarks of IDOM, Inc. All other products are the
properties of their respective owners. About DeLeeuw Associates
DeLeeuw Associates, a wholly owned subsidiary of Conversion
Services International, Inc. (AMEX:CVN), is a management consulting
organization specializing in integration, reengineering, and
project management. Their associates have significant experience
delivering value in large-scale, fast-paced projects within all
financial services sectors and financial areas. DeLeeuw has managed
and supported some of the largest merger projects in the history of
the financial services industry. DeLeeuw's Lean and Six Sigma
practice provides its clients with rapid, quality results,
leveraging Lean to combine process speed and deployment benefits
with increased customer satisfaction, reduced costs and improved
revenues and profits. About Conversion Services International, Inc.
Conversion Services International, Inc. (CSI) is a leading provider
of professional services focusing on strategic consulting, data
warehousing, business intelligence, business process reengineering,
as well as integration and information technology management
solutions. CSI offers an array of products and services to help
companies define, develop, and implement the warehousing and
strategic use of both enterprise-wide and specific categories of
strategic data. CSI's current customers include ADP, Coach, Goldman
Sachs, Liberty Mutual, Merck, Morgan Stanley, and Pfizer.
Information about CSI can be found on the web at
http://www.csiwhq.com/ or by calling its corporate headquarters at
888-CSI-5036. Note on Forward-Looking Statements Except for the
historical information contained herein, this press release
contains, among other things, certain forward-looking statements,
within the meaning of the Private Securities Litigation Reform Act
of 1995 that involve risks and uncertainties. Such statements may
include, without limitation, statements with respect to CSI's
plans, objectives, expectations and intentions and other statements
identified by words such as "may," "could," "would," "should,"
"believes," "expects," "anticipates," "estimates," "intends,"
"plans" or similar expressions. These statements are based upon the
current beliefs and expectations of CSI's management and are
subject to significant risks and uncertainties, including the
ability of CSI to be in compliance with all applicable American
Stock Exchange continued listing requirements, the ability to
maintain revenue growth, the ability to locate and acquire other
businesses and to successfully integrate such acquisitions, the
ability to decrease operating expenses, and those detailed in CSI's
filings with the Securities and Exchange Commission. Actual results
may differ from those set forth in the forward-looking statements.
These forward-looking statements involve certain risks and
uncertainties that are subject to change based on various factors
(many of which are beyond CSI's control). CSI undertakes no
obligation to update publicly any forward-looking statements.
Contact: Tracee Lee Beebe Marketing & Communications Conversion
Services International, Inc. 973-560-9400
http://www.newscom.com/cgi-bin/prnh/20060421/NYF015LOGODATASOURCE:
Conversion Services International, Inc. Contact: Tracee Lee Beebe,
Marketing & Communications of Conversion Services
International, Inc., +1-973-560-9400, Web site:
http://www.csiwhq.com/ http://www.idomusa.com/
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