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Trident Microsystems Reports Third Quarter of Fiscal Year 2008 Results

July 31st, 2008 by admin

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SANTA CLARA, Calif., April 28 /PRNewswire-FirstCall/ — Trident Microsystems, Inc. , a leader in high-performance semiconductor system solutions for the multimedia and digital television markets, today announced results for the third fiscal quarter of 2008, ended March 31, 2008. For the third quarter of fiscal 2008, the company reported net revenues of $55.3 million, representing a sequential decrease of 26 percent compared to net revenues of $75.0 million in the quarter ended December 31, 2007 and a 9% year-over-year decrease from the $60.6 million reported in the quarter ended March 31, 2007.
For the third quarter of fiscal 2008, a net loss of $0.2 million was recorded on a generally accepted accounting principles (”GAAP”) basis, or $0.00 per share on a diluted basis, which included $5.3 million of GAAP adjustments driven primarily by stock-based compensation expense. This compares to net income of $7.2 million in the quarter ended December 31, 2007, on a GAAP basis, or $0.12 per share on a diluted basis, which included $12.2 million of GAAP adjustments.
Non-GAAP net income for the third quarter of fiscal 2008 was $5.1 million or $0.08 per share on a diluted basis. This compares to non-GAAP net income of $19.4 million or $0.30 per share on a diluted basis, in the second quarter of fiscal 2008 and to $13.9 million or $0.22 per share in the third quarter of fiscal 2007. A detailed reconciliation between net income (loss) on a GAAP basis and non-GAAP net income is provided in a table following the non-GAAP Condensed Consolidated Statements of Operations.
“Our third quarter results reflect the challenges we face in an increasingly competitive market environment as we continue to evolve our product portfolio to include SoC solutions,” said Sylvia D. Summers, Trident’s Chief Executive Officer and President.
“We are committed to transforming Trident products to recapture our customer base and to position the company for strategic growth in calendar 2009. By focusing on improved execution across the organization, we will leverage our substantial engineering talent and expertise to extend our product roadmap and to develop and deliver industry-leading SoC solutions. In parallel, we will continue our efforts to align our sales and marketing team to be customer facing,” added Summers.
Current Outlook
Trident’s outlook for the fourth quarter of fiscal 2008, described below, is based on current expectations and is subject to various factors, including those set forth in the Forward-Looking Information statement below. Actual results may differ materially.
— Trident expects net revenues to be in the range of approximately
$38-41 million.
— Non-GAAP gross margins are projected to decrease to the 45-47% range.
— Non-GAAP operating expenses are projected to be approximately
$12-13 million for R&D expenses, driven primarily by hiring of
additional engineers in Trident’s China development centers, and
approximately $6-7 million for SG&A expenses.
— Non-GAAP Operating Income is projected to be near break-even.
— Provision for income taxes is projected to be a benefit of
approximately $2 million.

Use of Non-GAAP Financial Information

To supplement the consolidated financial results prepared under GAAP, Trident uses a non-GAAP conforming, or non-GAAP, measure of net income that is GAAP net income adjusted to exclude certain costs, expenses and gains. Non-GAAP net income gives an indication of Trident’s baseline performance before gains, losses or other charges that are considered by management to be outside the company’s core operating results. In addition, non-GAAP net income is among the primary indicators management uses as a basis for planning and forecasting future periods. These measures are not in accordance with, or an alternative for, GAAP and may be materially different from non-GAAP measures used by other companies. Trident computes non-GAAP net income by adjusting GAAP net income for compensation expense, expenses related to the stock option investigation and related matters, expenses related to a software license fees adjustment, and those related to the acquisition of Trident’s minority interest held in its Taiwanese subsidiary (”TTI”), including amortization of intangible assets, capital gains and dividend income. A detailed reconciliation between net income on a GAAP basis and non-GAAP net income is provided in a table following non-GAAP Consolidated Statements of Operations.
Investor Conference Call
Trident will host a conference call today, April 28, 2008, at 2:00 p.m. PT/ 5:00 p.m. ET to discuss these quarterly results. Shareholders may participate in the call by calling 888-680-0894 or 617-213-4860 and entering passcode 62591323. This call is being webcasted by Thomson/CCBN and can be accessed at Trident’s web site at: . The webcast is also being distributed through the Thomsom StreetEvents Network to both institutional and individual investors. Individual investors can listen to the call at , Thomson/CCBN’s individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson’s password-protected event management site, StreetEvents (). A replay of the conference call will be available from 5:00 p.m. PT April 30, 2008 until midnight Pacific Time, on May 12, 2008 and can be accessed by calling 888-286-8010 (domestic) or 617-801-6888 (international) using access code 87934152.
Forward-Looking Information
This press release contains forward-looking statements, including statements regarding financial expectations for the fourth quarter of fiscal year 2008, the status of the market, Trident’s market share, Trident’s ability to develop and deliver SoC solutions, Trident’s ability to leverage its technology leadership to take advantage of the market changes and achieve its aggressive plan for strategic growth in 2009, challenges and competition that Trident faces in its markets, and Trident’s expectations regarding the market for its products and product introductions. The forward-looking statements above are subject to certain risks and uncertainties, and actual results could vary materially depending on a number of factors. These risks include, in particular, the timing of product introductions, the failure to obtain design wins among major OEMs for Trident’s products, and competitive pressures, including pricing and competitors’ new product introductions. Additional factors that may affect Trident’s business are described in detail in Trident’s filings with the Securities and Exchange Commission available at .
About Trident Microsystems, Inc.
Trident Microsystems, Inc., with headquarters in Santa Clara, California, designs, develops and markets digital media for the masses in the form of multimedia integrated circuits (ICs) for PCs and digital processing ICs for TVs and TV monitors. Trident’s products are sold to a network of OEMs, original design manufacturers and system integrators worldwide. For further information about Trident and its products, please consult the Company’s web site: .
NOTE: Trident is a registered trademark of Trident Microsystems, Inc., HiDTV(TM), DPTV(TM), SVP(TM) WX, SVP(TM) UX, SVP(TM) PXP and SVP(TM) CX are trademarks of Trident Microsystems, Inc. All other company and product names are trademarks and/or registered trademarks of their respective owners. Features, pricing, availability and specifications are subject to change without notice.
Trident Microsystems, Inc.
Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended Nine Months Ended
March December March March March
(In thousands, except 31, 31, 31, 31, 31,
per share data) 2008 2007 2007 2008 2007
Net revenues $55,284 $74,984 $60,579 $218,442 $200,202
Cost of revenues 29,105 38,602 30,993 112,742 100,671
Gross profit 26,179 36,382 29,586 105,700 99,531
Gross margin % 47.4% 48.5% 48.8% 48.4% 49.7%
Research and
development expenses 15,274 12,633 11,283 41,819 31,659
% of net revenues 27.6% 16.8% 18.6% 19.1% 15.8%
Selling, general and
administrative
expenses 7,120 13,970 10,866 38,391 36,389
% of net revenues 12.9% 18.6% 17.9% 17.6% 18.2%
Income from operations 3,785 9,779 7,437 25,490 31,483
% of net revenues 6.8% 13.0% 12.3% 11.7% 15.7%
Interest and other
income (expense),
net (1) (796) 2,387 1,659 5,283 5,252
Income before income
taxes 2,989 12,166 9,096 30,773 36,735
% of net revenue 5.4% 16.2% 15.0% 14.1% 18.3%

Provision for income
taxes (2) 3,216 4,916 3,481 13,691 13,188
% of net revenues 5.8% 6.6% 5.7% 6.3% 6.6%
Income (loss) before
cumulative effect of
change in accounting
principle (227) 7,250 5,615 17,082 23,547
% of net revenues (0.4)% 9.7% 9.3% 7.8% 11.8%
Cumulative effect of
change in accounting
principle - - - - (190)
% of net revenues 0.0% 0.0% 0.0% 0.0% (0.1)%
Net income (loss) $(227) $7,250 $5,615 $17,082 $23,357
% of net revenues (0.4)% 9.7% 9.3% 7.8% 11.7%
Basic net income
(loss) per share
Prior to cumulative
effect of change in
accounting
principle $(0.00) $0.12 $0.10 $0.29 $0.41
Cumulative effect of
change in accounting
principle - - - - -
Basic net income
(loss) per share $(0.00) $0.12 $0.10 $0.29 $0.41
Common shares used
in computing basic
per share amounts 59,369 59,269 57,748 59,025 57,599
Diluted net income
(loss) per share
Prior to cumulative
effect of change in
accounting
principle $(0.00) $0.12 $0.09 $0.27 $0.37
Cumulative effect of
change in accounting
principle - - - - -
Diluted net income
(loss) per share $(0.00) $0.12 $0.09 $0.27 $0.37
Common and common
equivalent shares
used in computing
diluted per share
amounts under GAAP
basis 59,369 62,747 63,440 62,719 63,346

(1) Amounts in the three and nine months ended March 31, 2008 include a
$2.7 million foreign currency remeasurment loss related to income
taxes payable in foreign jurisdictions, which resulted from the
relative weakness of the U.S. dollar.

(2) Amounts for each quarter and nine months ended, included the
amortization of foreign taxes associated with intercompany profit on
assets remaining within Trident’s group.

Trident Microsystems, Inc.
Non-GAAP Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended Nine Months Ended
March December March March March
(In thousands, except 31, 31, 31, 31, 31,
per share data) 2008 2007 2007 2008 2007
Net revenues $55,284 $74,984 $60,579 $218,442 $200,202
Cost of revenues 28,014 37,067 29,378 108,479 96,048
Gross profit 27,270 37,917 31,201 109,963 104,154
Gross margin % 49.3% 50.6% 51.5% 50.3% 52.0%
Research and
development expenses 11,278 9,036 9,001 30,172 24,886
% of net revenues 20.4% 12.1% 14.9% 13.8% 12.4%
Selling, general and
administrative expenses 6,690 6,144 6,266 19,969 19,071
% of net revenues 12.1% 8.2% 10.3% 9.1% 9.5%
Income from operations 9,302 22,737 15,934 59,822 60,197
% of net revenues 16.8% 30.3% 26.3% 27.4% 30.1%
Interest and other
income (expense),
net (1) (1,000) 1,628 1,443 2,537 5,036
Income before income
taxes 8,302 24,365 17,377 62,359 65,233
% of net revenues 15.0% 32.5% 28.7% 28.5% 32.6%
Provision for income
taxes (2) 3,216 4,916 3,481 13,691 13,188
% of net revenues 5.8% 6.6% 5.7% 6.3% 6.6%
Net income 5,086 19,449 13,896 48,668 52,045
% of net revenues 9.2% 25.9% 22.9% 22.3% 26.0%

Basic net income per
share $0.09 $0.33 $0.24 $0.82 $0.90
Common shares used in
computing basic per
share amounts 59,369 59,269 57,748 59,025 57,599

Diluted net income
per share $0.08 $0.30 $0.22 $0.76 $0.81
Common and common
equivalent shares
used in computing
diluted per share
amounts under
non-GAAP basis (3) 63,067 63,988 64,431 63,901 64,534

(1) Amounts in the three and nine months ended March 31, 2008 include a
$2.7 million foreign currency remeasurment loss related to income
taxes payable in foreign jurisdictions, which resulted from the
relative weakness of the U.S. dollar.

(2) Amounts for each quarter and nine months ended, included the
amortization of foreign taxes associated with intercompany profit on
assets remaining within Trident’s group.

(3) Common and common equivalent shares used to calculate non-GAAP diluted
net income per share excluded all the unamortized stock compensation
of stock options and restricted shares when determining whether the
awards are anti-dilutive. We also excluded unamortized stock
compensation from the assumed proceeds under the treasury stock
method. Non-GAAP results in the prior periods have been adjusted to
reflect such exclusion.

Trident Microsystems, Inc.
A reconciliation between net income (loss) on a GAAP basis and a non-GAAP
basis is as follows:

Three Months Ended Nine Months Ended
(In thousands, except March December March March March
per share data, 31, 31, 31, 31, 31,
unaudited) 2008 2007 2007 2008 2007
GAAP net income (loss) $(227) $7,250 $5,615 $17,082 $23,357
Amortization of
intangibles
Cost of revenues 1,040 1,485 1,484 4,011 4,256
Selling, general
and administrative
expenses 108 167 167 442 435
Total amortization of
intangibles (1) 1,148 1,652 1,651 4,453 4,691
Stock-based compensation
expense
Cost of revenues 51 50 131 252 367
Research and
development 2,519 3,597 2,282 10,170 6,773
Selling, general
and administrative
expenses 2,822 4,756 1,625 13,816 4,126
Total stock-based
compensation
expense (2) 5,392 8,403 4,038 24,238 11,266
Software license
fees (3) 1,477 - - 1,477 -
Other income, net (4) (204) (759) (216) (2,746) (216)
Stock options related
professional fees (5) (2,500) 2,903 2,808 4,164 12,757
Cumulative effect of
change in accounting
principle (6) - - - - 190
Non-GAAP net income $5,086 $19,449 $13,896 $48,668 $52,045

Basic net income
per share $0.09 $0.33 $0.24 $0.82 $0.90
Common shares used in
computing basic
per share amounts 59,369 59,269 57,748 59,025 57,599

Diluted net income
per share $0.08 $0.30 $0.22 $0.76 $0.81
Common and common
equivalent shares used
in computing diluted
per share amounts
under non-GAAP basis 63,067 63,988 64,431 63,901 64,534

(1) Amortization of intangible assets represents the amortization of
identifiable intangible assets, acquired from the purchase of the
minority interests of the Company’s TTI subsidiary during fiscal year
ended June 30, 2005. Management deemed that these acquisition related
charges are not related to Trident’s core operating performance and it
is appropriate to exclude those charges from Trident’s non-GAAP
financial measures, as it enhances the ability of investors to compare
Trident’s period-over-period operating results.

(2) Stock-based compensation expense relates primarily to the equity
awards such as stock options and restricted stock. Stock-based
compensation is a non-cash expense that varies in amount from period
to period and is dependent on market forces that are often beyond
Trident’s control. Hence, management excludes this item from the
non-GAAP financial measures, as it enhances the ability of investors
to compare Trident’s period-over-period operating results.

(3) Software license fees represent an adjustment for prior software
usage.

(4) The capital gains are excluded from the non-GAAP net income (loss)
calculation. Management believes that such gains/losses on the sale
of Trident’s investments are not related to the ongoing business and
operating performance of Trident. As such, management believes that
it is appropriate to exclude investment-related gains/losses from
Trident’s non-GAAP financial measures. Management deemed that it can
enhance the ability of investors to compare Trident’s
period-over-period operating results.

(5) Stock options related professional fees are excluded from the non-GAAP
net income (loss) calculation. Management believes that these
professional fees are not related to the ongoing business and
operating performance of Trident. Amounts in the three and nine
months ended March 31, 2008 include insurance reimbursements received
for the Directors’ and Officers’ insurance partially offset by the
stock options related professional fees incurred.

(6) The adoption of EITF 06-2, Accounting for Sabbatical Leave and Other
Similar Benefits Pursuant to FASB Statement No. 43, Accounting for
Compensated Absences, resulted in a cumulative effect from an
accounting change of $0.2 million on sabbatical expenses for which
expenses had already been recorded. Management deemed that those
charges from the initial adoption of EITF 06-2 are not related to the
ongoing business and operating performance of Trident.

Trident Microsystems, Inc.
Condensed Consolidated Balance Sheets (Unaudited)

March 31, December 31, March 31,
(In thousands) 2008 2007 2007

ASSETS
Current assets
Cash and cash
equivalents $200,316 $185,512 $134,366
Investments 36,117 36,950 49,365
Accounts
receivable, net 15,144 15,747 14,685
Inventories 11,300 12,092 14,891
Prepaid expenses
and other current
assets 16,505 17,677 13,009

Total current assets 279,382 267,978 226,316

Property and
equipment, net 23,086 23,143 17,927
Intangible assets,
net 9,671 9,540 14,499
Goodwill 1,372 - -
Other assets 9,000 8,357 15,351

Total assets $322,511 $309,018 $274,093

LIABILITIES AND
STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable (1) $14,531 $13,525 $21,516
Accrued expenses (1) 25,742 21,787 25,532
Income taxes
payable 21,633 19,618 38,457

Total current
liabilities 61,906 54,930 85,505
Long-term income
taxes payable (2) 23,602 21,937 -
Deferred income tax
liabilities 247 83 1,425

Total liabilities 85,755 76,950 86,930

Stockholders’ equity
Capital stock 203,290 197,907 173,276
Retained earnings 35,880 36,107 12,037
Accumulated other
comprehensive
income (loss) (2,414) (1,946) 1,850

Total stockholders’
equity 236,756 232,068 187,163

Total liabilities
and stockholders’
equity $322,511 $309,018 $274,093

(1) Certain Balance Sheet items have been reclassified to conform to the
current year’s format. These classifications had no impact on
previously reported net income.

(2) On July 1, 2007, the Company adopted FASB Interpretation No. 48,
“Accounting for Uncertainty in Income Taxes” (”FIN 48″).
Implementation of FIN 48 resulted in the reclassification of
$21.4 million to “Long-term income taxes payable.”
Trident Microsystems, Inc.

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Programmer, Technology Provider and Analyst Comments on ActiveVideo Networks Announcement

July 31st, 2008 by admin

SANTA CLARA, Calif., June 25 /PRNewswire/ — ActiveVideo Networks(TM), which provides solutions that infuse TV with Web content and interactivity, today announced new capabilities of its ActiveVideo(R) Distribution Network that have been designed to simplify and accelerate the availability of Web-based programming and advertising on the television. Following are quotes from programmers, technology providers and analysts regarding the announcement that Web-infused television — including user-generated content, social media, Web-based channels, games and other programming and applications — can be delivered through virtually any network connected device.
* * *
“We have seen studies that show people prefer to watch video on a TV, and are overwhelmed by the competing choices for bringing Web video to the television. Because ActiveVideo has the ability to work with anything that’s Web connected, the decision-making process is simplified and the marketing approach to the consumer is easy to understand. This in turn will speed up the prospect of a Web-to-TV fully interactive experience. It is the reason we at ComedyNet believe that ActiveVideo is a front runner in the space.”
— Mark Graff, CEO, ComedyNet

* * *

“All of us in the Web-to-TV video space face similar obstacles. We need both an abundance of content and the high-quality, highly reliable viewing experience that viewers expect from television. The ability to deliver that experience ubiquitously across all devices is a significant challenge. We’re pleased to see companies like ActiveVideo Networks taking an innovative approach to addressing these challenges and in so doing helping to create the critical mass we need to make this market a success.”
— Bill Holmes, Vice President, business Development & Strategy, DivX

* * *

“The enormous market fragmentation in Web-to-TV solutions makes it difficult for us to author interactive and timely content for many diverse platforms. This process is costly and requires many resources. What’s been needed to drive cost-effective distribution and viewer adoption is a solution based on existing Web technologies and video standards like MPEG that enables us to create content once for any connected device,”
– Ed Skolarus, Vice President, business & Operations, Fox Reality Channel, News Corp.
* * *
“Impressive as the growth in broadband video consumption has been over the last few years, broadband’s ultimate opportunity starts when high-quality video can be delivered directly to the TV. This will enable longer-form broadband content to be enjoyed comfortably on consumers’ wide-screen TVs and open up a range of advertising and consumer paid business opportunities for the ecosystem that have been constrained until now. Consumers will welcome the same mix of choice, flexibility and interactivity that they have come to expect from their current broadband experiences.”
– Will Richmond, Broadband media analyst and President, Broadband Directions LLC
* * *
“One of our top priorities is making it easy for people to watch their favorite blip.tv shows on the television set. We are grateful that ActiveVideo Networks is making the transition from the computer screen to the television set possible. In the end the best Web shows are meant to be watched on the TV set from the comfortable couch in your living room. ActiveVideo Networks definitely gets this, and that makes them a real pioneer in the field.”
— John Fitzpatrick, Director of business Development, blip.tv

About ActiveVideo Networks

ActiveVideo Networks(TM) provides programming and technology that infuse television with Web content and interactivity. Based on standard Web authoring and delivery technologies, the company’s ActiveVideo(R) Distribution Network simply and inexpensively enables expanded programming, navigation and advertising possibilities, allowing viewers to define and share TV experiences. ActiveVideo combines Web-based media and targeted, clickable advertisements with the high-quality video, immediate responsiveness and remote control navigation of television for uniform interactivity across all digital set-tops and Web-connected televisions. ActiveVideo Networks is based in the heart of Silicon Valley, with offices in Los Angeles, Baltimore, Beijing and the United Kingdom. For more information, visit .
ActiveVideo Networks

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Bitam Clients Showcase Benefits of Bitam G6 Business Intelligence Software at Worldwide Event

July 30th, 2008 by admin

MONTERREY, Mexico, April 24 /PRNewswire/ — Bitam, a Software 500 Company and global provider of Enterprise Performance Management (EPM) solutions, including business Intelligence (BI), Financial Planning, and Strategic Planning, announces that at a recent worldwide event several Bitam clients discussed the benefits they receive from using the new version of the EPM suite, Bitam G6. Aeromexico Connect, a regional airline in Mexico, Grupo Alfa, a leading Mexican industrial company, Lamosa, a building and construction firm, and David Abdo, CEO of Bitam delivered live, online presentations to hundreds of executives from over 20 countries.
David Abdo, CEO of Bitam, discussed new features found in Bitam G6, such as Knowledge Intelligence, You Drive, multiplatform support, and more. Bitam G6 is a pervasive BI solution that brings intelligence to all the decision makers within an organization. Abdo saw an industry need to extend BI tools beyond monitoring and analysis of information. Bitam created a unique feature, Knowledge Intelligence, a knowledge base of an organization’s information that allows users to decide, act, and learn from their own decisions and the decisions of others within the company.
Gustavo Rodriguez, IT Manager of Aeromexico Connect, has been using Bitam’s Artus business Intelligence solution for more than 10 years. He explained to the audience that because of the constant changes within an organization, companies need a repository of knowledge and information generated by employees. “In an environment where there is much turnover, it is very important to have a system that gathers and stores all your company’s decisions and analysis,” said Rodriguez.
Besides the use of the knowledge base, Bitam G6 gives Aeromexico Connect the ability to use dashboards and graphics to quickly get an overview of how the organization is performing and the reasons behind its performance. Dashboards consolidate relative information in one view and can be easily modified to create visualizations that offer more clarity.
Carlos Avila, Controller of Grupo Alfa, related the advantages of switching from Excel to Bitam’s Financial Planning Solution, Ektos. Previously, developing the company budget in Excel took much iteration back and forth among management for approval. Using Ektos, Avila was able to automate the budget approval process, drastically reducing the time. It gives the company the tracking they need to control the process.
Ruben Figueroa, IT Manager of Lamosa, a 100-year old building and construction firm, discussed how he selected Bitam’s Stratego for Strategic Planning after evaluating numerous vendors. Lamosa needed a solution to integrate their production centers and would adjust to their business methodologies, Hoshin Kanri for quality and Management by Objectives, where all employees understand the business objectives. Figueroa explained that Bitam’s Stratego reinforced the methodologies, measured results, analyzed the deviations, and then uncovered preventive and corrective actions. Stratego measures the level of alignment between what the objectives are and what each area within the company is doing.
More than 50 company leaders from Home Depot, HEB Grocery Company, and Hewlett Packard attended the online conference, held April 10, 2008. Sponsors included Microsoft, HP, Sybase, and Strategy Execution Consulting.
About Bitam
Bitam is a global provider of Enterprise Performance Management (EPM) software solutions for business Intelligence (BI), Financial Planning, and Strategic Planning. EPM software powers the metrics that enable performance reporting, governance, and accountability that help businesses analyze, plan, and manage their business operations to meet business-critical goals. Bitam solutions are known for their rapid deployment, a high rate of adoption by users, low implementation risk, lower costs, ease of use, minimal training requirements, and wide acceptance by the international operations of companies of all sizes. Bitam, founded in 2000, is headquartered in Roswell, Ga., and has presence in more than 18 countries in North America, Latin America and Europe. Bitam has served more than 1000 customers including Pfizer, Coca-Cola, Home Depot, Johnson Controls, Pemex, GNC, Black & Decker, Janssen and government clients, through direct sales or our extensive partner network. For more information, visit .
For more information, contact:
Becky Boyd
MediaFirst PR - Atlanta
(770) 642-2080

Bitam

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Gomez Releases Business Pulse XF(SM) Dashboard

July 29th, 2008 by admin

LEXINGTON, Mass., July 28 /PRNewswire/ — Gomez, Inc., a leading provider of web application experience management services, today introduced business Pulse XF, an executive “dashboard” that provides business and IT leaders with actionable insight about the impact of web performance on their business health. business Pulse XF links web application performance data from the Gomez ExperienceFirst platform of web application experience management services with key business performance indicators (KPIs) to reveal mission-critical business intelligence like revenue risked, user satisfaction and competitive benchmarking. Armed with this information, business and IT teams can better align to protect their company’s brand equity and improve their online business performance.
“58 percent of the organizations we recently surveyed are unsatisfied with the performance of applications that they currently use,” said Bojan Simic, research analyst, Aberdeen(1). “Now more than ever, IT and business teams need to get on the same page to better understand how web application performance is impacting their business goals. Gomez’s business Pulse XF is the first tool that does exactly that, providing visibility into the impact of application performance on the metrics that business teams care about. Using business Pulse XF will help them make better decisions, justify investments and, ultimately, meet their web experience goals.”
“Having a dashboard with a simple interface that translates web performance metrics — typically only visible to IT operations — into meaningful business data will be very powerful,” said Daniel Brustein, Director of Online Operations, MTV Networks Global Digital Media, which originates approximately 300 interactive properties worldwide, including online, broadband, wireless and interactive television services. “What’s important is that business Pulse XF provides our IT and business teams with a common perspective on how our web performance affects our online business — and will help us track and measure steps we take to improve it. Ultimately, our online customers stand to benefit the most, as they’ll be more assured of a quality web experience.”
With a simple graphic user interface providing ‘at-a-glance’ summary and drill down views, business Pulse XF reveals:
— Revenue risked when critical web pages are underperforming;
— Visualization of traffic and performance metrics across geographies;
— Service level compliance of vendors, partners and internal customers;
— End-user satisfaction levels;
— Availability and performance of key transactions; and
— How web performance metrics compare to peers and industry leaders.

Pricing and Datasheets

Business Pulse XF is sold on an annual subscription basis and can be bundled with other Gomez services. More information at: , and .
About Gomez
Gomez, Inc. is a leading provider of web application experience management services, which businesses use to test their web applications while in development and to monitor their web applications after deployment. More than 2,000 customers use Gomez’s on-demand services to improve the quality of the web experience in order to increase their revenue from web applications, reduce their operating costs, and extend their brand reputations. For more information, please visit .
About Gomez
Gomez and gomez.com are registered service marks, and ExperienceFirst and business Pulse XF are service marks, of Gomez, Inc. All other trademarks and service marks are the property of their respective owners.
(1) Aberdeen Group’s “Application Performance Management: The Lifecycle Approach Brings IT and business Together, June 30, 2008″
Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Imad Mouline
Gomez, Inc.

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Interwoven Honors Customers for Innovation in Unlocking the Value of Content

July 28th, 2008 by admin

SAN FRANCISCO, April 24 /PRNewswire-FirstCall/ — GEARUP 2008 — Interwoven, Inc. , a global leader in content management solutions, today announced the winners of the 2008 Interwoven Excellence Awards. This year’s winners — Ashurst, Education Management Corporation, Ehrhardt Keefe Steiner & Hottman PC, Fulbright & Jaworski, Kao Corporation, KPMG Australia, Loma Linda University Medical Center, and Lowenstein Sandler — are outstanding examples of how customers are using Interwoven to help their businesses succeed amidst a shifting business landscape. The awards were formally presented at GearUp 2008, the company’s user conference taking place this week in San Francisco, California.
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“While this year’s winners represent a cross-section of different industries, and span a variety of medium to very large organizations, they have one point in common - they are all leveraging content in ways that transform their business,” said Joe Cowan, CEO at Interwoven. “By putting Interwoven and content at the core of their business, these companies have risen above their peers by finding new ways to maximize online business performance and increase collaboration and agility within their organizations.”
Following is a brief description of this year’s Excellence Award winners:

Ashurst is a leading international law firm that advises corporate and
financial institutions, with core businesses in M&A, corporate, and
finance. With a team of over 200 partners and 1,800 staff in 12 countries,
Ashurst is currently adding approximately 500,000 documents a year to its
Interwoven WorkSite system as well as 18 million email records. Since
implementing Interwoven, Ashurst has enjoyed easier and faster processes
for storing and retrieving all work produced, and remote users enjoy the
same secure access as desktop users. Ashurst has achieved broad adoption
of the solution and is able to gain further business efficiencies through
even wider knowledge sharing.

Education Management Corporation (EDMC) is one of North America’s largest
providers of private post-secondary education, and operates Argosy
University, The Art Institutes schools, Brown Mackie College schools, and
South University. EDMC relies on the Web as an increasingly vital channel
for reaching prospective students. This strategy is essential to meet the
high standards and expectations of today’s highly Web-savvy younger
generation. With Interwoven at the core, EDMC is able to create, deliver
and optimize its online content to help improve access to information and
educational offerings through its Web channels.

Ehrhardt Keefe Steiner & Hottman PC (EKS&H) is the largest Colorado-based
accounting and business advisory firm, providing tax, audit, and business
advisory services to clients in 16 industries. EKS&H embarked on a
knowledge management initiative to break down silos and help its
professionals better manage, organize, and collaborate around information.
Interwoven provided both a conceptual model and the technology to put it
in place. Interwoven’s engagement-centric repository provides easy access
to content of all types, including work papers, client information,
finished documents, and emails, managed side-by-side in a unified
environment. With Interwoven, EKS&H professionals can easily access and
collaborate around content both in the office and at client sites, driving
productivity and efficiency overall.

Fulbright & Jaworski is a full-service international law firm, serving the
needs of businesses, governments, non-profit organizations and individual
clients around the world. Fulbright is one of the largest law firms in the
United States with nearly 1,000 lawyers and more than 50 integrated
practice areas. Fulbright & Jaworski leverages Interwoven technology to
apply consistent governance policies to manage electronic and paper
records across its 16 international locations, and to automate as much of
the records retention process as possible. By using Interwoven
RecordsManager Fulbright & Jaworski can deliver a fully integrated records
management system that enables them to comply with frequently changing
regulations and guidelines while continuing to provide award-winning
service to clients.

Kao Corporation is the largest consumer goods company in Japan with more
than 32,000 employees and 10 Billion USD in sales. Since 1890, Kao has
viewed the consumer as the driving force behind everything they do. To
achieve this objective, Kao has used Interwoven’s Web content management
technology since 2001 to consistently enhance and improve the user
experience for customers and to simplify the content creation process for
key stakeholders within Kao. Today, Kao’s Website receives over 12 million
page views per month and 1 million unique monthly visitors. Looking to the
future, Kao is committed to providing users with an engaging experience by
leveraging the latest in Web analytics to provide the right content to the
right customers.

KPMG Australia is a partnership that is part of the KPMG International
network, one of the world’s leading professional services firms providing
audit, tax, and advisory services. KPMG Australia operates nationally
across 7 offices with over 5,000 people. KPMG Australia selected
Interwoven WorkSite as its core document management solution along with
Interwoven partner, Metastorm’s business Process Management (BPM) workflow
to automate the creation and management of client and engagement
workspaces. KPMG is proactively addressing new compliance and regulation
standards by implementing Interwoven RecordsManager. As Australian firms
work to comply with strict records management standards, KPMG Australia is
taking a leadership role to apply consistent governance policies, manage
electronic and paper records, and end the reliance on paper files. And as
its professionals spend more time out of the office, KPMG Australia is
using Interwoven OffSite to enable remote access to client files and
collaboration with colleagues.

Loma Linda University Medical Center (LLUMC) operates some of the largest
clinical programs in the United States in areas such as neonatal care and
outpatient surgery and is recognized as the international leader in infant
heart transplantation and proton treatments for cancer. LLUMC partnered
with Interwoven and Earthbound Media Group (EMG) to launch a truly
cutting-edge Website designed to help patients explore the services and
care offered by the Medical Center. Success with the Website is driving a
fundamental change in their business: they are completely re-imagining
their Web presence to ensure it plays a central role in driving service
excellence and patient access, global healthcare leadership, and outreach.
By leveraging a combination of search engine optimization, Web analytics,
targeting, and content management capabilities, the organization has
achieved dramatic results. For instance, LLUMC has seen a 1400% increase
in daily visitors and 1700% increase in traffic sources. Their search
engine ranking also went from 150 to number 1 on many keywords. Loma Linda
subsequently rolled out a 2,000-page main Website and saw a 470% increase
in physician referrals per month within 4 months of the site launch.

Lowenstein Sandler is an AmLaw 200 firm representing public and private
companies, financial institutions, investors, entrepreneurs, universities,
and private clients in corporate, litigation and bankruptcy matters
throughout the country. Lowenstein Sandler uses Interwoven WorkSite to
provide centralized, unified information lifecycle management, including
emails and other documents. Lowenstein Sandler’s professionals can now
respond more quickly to client queries by accessing complete
matter-related documents and emails in an electronic matter file, and
leverage knowledge sharing and best practices through practice
group-specific workspaces where key documents are managed.

About Interwoven

Interwoven is a global leader in content management solutions. Interwoven’s software and services enable organizations to maximize online business performance and organize, find, and govern business content. Interwoven solutions unlock the value of content by delivering the right content to the right person in the right context at the right time. Approximately 4,300 of the world’s leading companies, professional services firms, and governments have chosen Interwoven, including adidas, Airbus, Avaya, BT, Cisco, Citi, Delta Air Lines, DLA Piper, FedEx, Grant Thornton, Hilton Hotels, Hong Kong Trade and Development Council, HSBC, LexisNexis, MasterCard, Microsoft, Samsung, Shell, Qantas Airways, Tesco, Virgin Mobile, and White & Case. Over 20,000 developers and over 300 partners enrich and extend Interwoven’s offerings. To learn more about Interwoven, please visit .

Interwoven, Inc.

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National Hispanic Business Information Clearinghouse Remains Focus of Dallas Latino Community

July 27th, 2008 by admin

DALLAS, April 24 /PRNewswire/ — The National Hispanic business Information Clearinghouse, a new online resource to help Hispanic entrepreneurs overcome historic barriers to business success, will be unveiled to a prominent international audience today at a meeting of the Institute of Mexicans Abroad (IME) in Dallas.
The IME is a 152-member advisory council formed by the Mexican government in 2003 in recognition of the need to incorporate Mexican communities abroad in the design of policies that affect them and to create an important bond with countrymen who live in other countries. The group meets twice a year, and the Dallas meeting — being held at the Renaissance Hotel — will mark only the second time that it has gathered in the United States.
On the agenda is an intimate “screening” of the National Hispanic business Information Clearinghouse, or NHBIC. Located at , the Web-based resource helps aspiring and current business owners navigate the legal, licensing, permitting, accounting, contracting, human resource, marketing and sales challenges associated with running a successful business.
Officially rolled out in Dallas two weeks ago at an event hosted by founding sponsor Western Union and the Greater Dallas Hispanic Chamber of Commerce, the NHBIC will be presented today to the IME’s Economic Affairs Commission. Among the attendees will be immigrant leaders from across the United States who can help multiply the reach of the NHBIC among immigrant communities at the grassroots level.
“Whether they are born in the U.S. or migrate here seeking a better life, Latinos share an ethic of hard work and an entrepreneurial spirit. No matter how inspired and driven they may be, however, they still need a sound fundamental grounding in the Three M’s of business — Money, Markets and Management — in order to be truly successful,” said Salvador Gomez, founder of the website and president and CEO of Denver, Colo.-based Source One Management, Inc. “The NHBIC was designed to provide clarity and access to that information for communities that have not historically enjoyed such access.”
More than a static website, the NHBIC features professionally pre-screened and categorized business content, available for free in both Spanish and English and customized with resources specific to the greater Dallas area. The Dallas site is the second (following Denver) of what will ultimately be 15 locally customized versions of the NHBIC nationwide. It is also the first in what will become a series of online portals designed specifically for ethnic audiences; additional clearinghouses will be launched in coming years to serve African-American, Asian and possibly other communities.
“The NHBIC and subsequent clearinghouses go to the core of helping diverse individuals and communities around the world realize their potential and improve their futures through business innovation, education and training,” said Michael L. Barrera, president of the NHBIC and former president and CEO of the United States Hispanic Chamber of Commerce. “We are very pleased to be included within the context of an IME meeting, as we share that organization’s goal of empowering Mexican immigrants and other populations with the tools and knowledge to succeed.”
About NHBIC
The National Hispanic business Information Clearinghouse (NHBIC) provides critical business information on access to capital, equal access to markets, and management training to support the startup and growth of Hispanic businesses throughout the United States. For more information, visit .
National Hispanic business Information Clearinghouse

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Ingram Micro North America Named Preferred Distributor by Citrix Systems, Inc.

July 26th, 2008 by admin

SANTA ANA, Calif., July 25 /PRNewswire/ — Ingram Micro Inc. today announced it has earned distribution rights to the majority share of products from application-delivery infrastructure leader Citrix Systems, Inc. . Under the terms of the new Citrix Distribution Program, which takes effect Aug. 30, Ingram Micro will become the preferred North America distributor for Citrix’s entire line of products, with the exception of those products not currently sold through distribution.
In conjunction with this news, Ingram Micro is increasing its Citrix-certified technical, sales and marketing support and will be debuting two new Citrix-centric partner enablement offerings:
* The Ingram Micro-Citrix Smart Enablement Program which rewards partners with redeemable credits that can be used to obtain Citrix-specific marketing elements and training at no cost.
* Ingram Micro-Citrix End-user Enablement Program, which provides select Citrix partners who sell Citrix products with targeted and qualified end-user leads throughout the U.S.
The new enablement programs will be available exclusively to Ingram Micro and Citrix partners in the U.S. and Canada.
“We selected Ingram Micro as our preferred distributor for North America because of its proven ability to grow our business year-over-year and bring high-value offerings, programs and personnel to Citrix partners within the U.S. and Canada,” says Craig Stilwell, Vice President, Americas Marketing and Sales Support, Citrix Systems. “Ingram Micro’s partner enablement resources, demand generation tools and Citrix-certified marketing, technical support and sales professionals play a critical role in the ongoing success of our channel partners, and work to maximize the business value and support partners gain from doing business with Citrix.”
To further enable Citrix partners, Ingram Micro recently added additional Citrix products to its Solution Centers, located in Buffalo, N.Y. and Santa Ana, Calif. In addition, the best-in-class distributor, which is also a Citrix Authorized Learning Center, recently announced a number of new Live Online training offerings that make it easier and more cost-effective for Citrix partners to offer remote training on Citrix products to their technicians and end users.
“We’ve been a Citrix partner for eleven years and they’ve never let us down,” says Peter Anderson, President, Bayshore Technologies, and a Citrix Platinum Partner. “Initially we were a little concerned about working with just one distributor, but after talking to Citrix, we have every confidence that this move will not only benefit our business, but also help us drive more value to our customers.”
Jodi Honore, Ingram Micro’s vice president of vendor management U.S., says the recent appointment by Citrix is a solid testimony of the ongoing services and strong business results that Ingram Micro delivers to IT manufacturers who truly embrace the channel and stand behind their technology and their partners.
“Citrix is an innovative company that is working hard to engage solution providers and establish the long-term partnerships manufacturers need to be successful,” says Honore. “Strengthening this relationship enables us to do more for Citrix and its partners, especially when it comes to introducing new channel programs, expanding our enablement resources, and placing more emphasis on sales education and technical training through our VPN Dynamics team.”
About Citrix
Citrix Systems, Inc. is the global leader and the most trusted name in application delivery infrastructure. More than 200,000 organizations worldwide rely on Citrix to deliver any application to users anywhere with the best performance, highest security and lowest cost. Citrix customers include 100 percent of the Fortune 100 companies and 99 percent of the Fortune Global 500, as well as hundreds of thousands of small businesses and prosumers. Citrix has approximately 7,680 channel and alliance partners in more than 100 countries. Annual revenue in 2007 was $1.4 billion.
About Ingram Micro
As a vital link in the technology value chain, Ingram Micro creates sales and profitability opportunities for vendors and resellers through unique marketing programs, outsourced logistics services, technical support, financial services, and product aggregation and distribution. The company serves 150 countries and is the only broad-based global IT distributor with operations in Asia. Visit .
Ingram Micro

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Michigan-Based ParkingCarma and Partners Awarded $5.5 Million Contract for Innovative Truck Parking Solution in California

July 25th, 2008 by admin

TROY, Mich., July 24 /PRNewswire/ — The West Coast’s Interstate 5 and the East Coast’s Interstate 95, two of the nation’s busiest interstates, will receive more than $5 million each in federal support for innovative strategies to reduce the frustration of truckers looking for parking on congested routes. ParkingCarma, a Flint-based company, developed the Smart Parking system that will be implemented on California’s congested Interstate 5, which connects the country’s second largest border crossing to the bay ports of Los Angeles and Long Beach. ParkingCarma’s information network makes driving safer, improves fuel efficiency and air quality by identifying and reserving nearby available truck parking.
I-5 is one of two interstates selected under the Corridors of the Future Program, part of the U.S. Department of Transportation’s national congestion initiative. California Department of Transportation (Caltrans) was awarded the I-5 contract for its innovative uses of intelligent transportation systems (ITS) technology to provide truckers with real-time information on available parking. As part of the program, Caltrans, in partnership with ParkingCarma, NAVTEQ, and University of California, Berkeley/TSRC, will monitor parking availability and transmit the updates to truckers. As a result of the contract, ParkingCarma plans to add Michigan employees to support the three-year California contract.
“We are excited to use our unique parking information network to be part of this public-private partnership designed to improve road safety and goods movement efficiency, while reducing emissions of Class 8 trucks,” said Rick Warner, CEO, ParkingCarma. “Through our Smart Parking information network, truckers will be able to access data about available parking spaces - via cell phone, the Internet, or an onboard computer.”
Together with NAVTEQ’s customized truck parking mapping and routing services, ParkingCarma can identify the nearest available truck parking spot and allow reservation, improve driving time, and alleviate illegal parking and sleep-deprived driving.
The I-5 carries between 15,000 and 40,000 trucks a day, and has grown nearly 17 percent over the last ten years. According to research, 153 million pounds of CO2 emissions per city could be eliminated per year if just 2 percent of city drivers used ParkingCarma’s information network to find a parking spot. “We are looking to show that there will be similar energy efficiency gains for truckers,” said Warner.
ParkingCarma received $250,000 in seed funding from both Automation Alley and Ann Arbor SPARK, who have supported ParkingCarma’s transition to Michigan and its continued growth. Additionally, ParkingCarma received a tax credit from the State of Michigan worth nearly $1 million over seven years and $500,000 in seed funding from the Genesee Regional Chamber of Commerce using funds from the Mott Foundation.
“The reputation of Southeast Michigan as a technology leader was certainly an important factor when we made the decision to house our national service center in Flint,” Warner stated. “Automation Alley and SPARK have both been invaluable resources as we’ve grown, and with their continued support we look forward to serving the nation and world from our headquarters in Michigan.”
About Ann Arbor SPARK
Representing all communities in Washtenaw County, Michigan, Ann Arbor SPARK, a non-profit organization, is the driving force in establishing the Ann Arbor region as a destination for business expansion, retention, and location by identifying and meeting the needs of business at every stage, from startups to large organizations. Ann Arbor SPARK collaborates with business, academic, government, and community investor partners including the University of Michigan, Eastern Michigan University, the Herbert and Grace Dow Foundation, Washtenaw County, the City of Ann Arbor, the Michigan Economic Development Corporation and the Ann Arbor/Ypsilanti SmartZone LDFA. For more information, please call (734) 761-9317 or visit .
About Automation Alley
Automation Alley is a Michigan’s technology business association that drives the growth and image of Southeast Michigan’s economy through a collaborative culture that focuses on workforce and business development initiatives. Since its founding in 1999, Automation Alley has expanded to include more than 900 businesses, educational institutions and government entities, covering an eight county area and the City of Detroit. Automation Alley promotes regional prosperity through business attraction services, exporting assistance, workforce development and technology acceleration.
About ParkingCarma
ParkingCarma(TM) Smart Parking is a hi-tech solution for parking in the nation’s most crowded cities that brings together consumers looking for parking spots with parking structure owners and managers who have available parking spaces. Rather than circling blocks looking for an open spot, it provides information and access to consumers about available parking spaces via cell phones, the Internet, and onboard automotive computers. Not only does ParkingCarma increase parking convenience and availability, it helps communities and the environment by reducing traffic congestion, emissions, and the need to build new parking structures. ParkingCarma’s philosophy is sustainable growth through friendly technology. Visit at .
ParkingCarma

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Heroux-Devtek and CGI sign 10-year contract renewal agreement

July 24th, 2008 by admin

MONTREAL, April 24 /PRNewswire-FirstCall/ — CGI Group Inc. (TSX: GIB.A; NYSE: GIB), a leader in information technology and business process services and Heroux-Devtek, a leading Canadian manufacturer of aerospace and industrial products, announced today that they have signed an agreement worth approximately $12 million that will see their partnership extended for an additional 10 year period.
Under the terms of the contract, CGI will continue to provide Heroux-Devtek with infrastructure management, application maintenance and desktop services.
“We have established a long-term partnership of trust with CGI, and we particularly appreciate its in-depth knowledge of both our industry and information technology. CGI has the know-how to provide us with the technological support we need to achieve our mission,” stated Gilles Labbe, President and Chief Executive Officer of Heroux-Devtek.
Michael Roach, President and Chief Executive Officer, CGI, added, “We are delighted to continue our long-term partnership with Heroux-Devtek. The awarding of this contract demonstrates the confidence that Heroux-Devtek has in us as well as the excellent communication that exists between our two organizations, which ultimately allows us to adapt our services to their needs.”
CGI combines robust technology management capabilities with quality processes and flexible global delivery options to create and manage technology infrastructures that address its clients’ top concerns. Organizations using CGI’s services are able to more easily comply with constantly evolving regulatory frameworks while controlling their costs and making judicious investments for the future.
About CGI
Founded in 1976, CGI Group Inc. is one of the largest independent information technology and business process services firms in the world. CGI and its affiliated companies employ approximately 26,500 professionals. CGI provides end-to-end IT and business process services to clients worldwide from offices in Canada, the United States, Europe, Asia Pacific as well as from centers of excellence in North America, Europe and India. CGI’s annual revenue run rate stands at $3.7 billion and at December 31st, 2007, CGI’s order backlog was $12.04 billion. CGI shares are listed on the TSX (GIB.A) and the NYSE (GIB) and are included in the S&P/TSX Composite Index as well as the S&P/TSX Capped Information Technology and MidCap Indices. Website: .
Forward-Looking Statements
All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements” within the meaning of that term in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended, and are “forward-looking information” within the meaning of sections 138.3 and following of the Ontario Securities Act. These statements and this information represent CGI’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors, of which many are beyond the control of the Company. These factors could cause actual results to differ materially from such forward-looking statements or forward-looking information. These factors include and are not restricted to the timing and size of new contracts, acquisitions and other corporate developments; the ability to attract and retain qualified members; market competition in the rapidly-evolving IT industry; general economic and business conditions, foreign exchange and other risks identified in the MD&A, in CGI’s Annual Report or Form 40-F filed with the U.S. Securities and Exchange Commission (filed on EDGAR at ), the Company’s Annual Information Form filed with the Canadian securities authorities (filed on SEDAR at ), as well as assumptions regarding the foregoing. The words “believe,”"estimate,”"expect,”"intend,”"anticipate,”"foresee,”"plan,” and similar expressions and variations thereof, identify certain of such forward-looking statements or forward-looking information, which speak only as of the date on which they are made. In particular, statements relating to future performance are forward-looking statements and forward-looking information. CGI disclaims any intention or obligation to publicly update or revise any forward-looking statements or forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on these forward-looking statements or on this forward-looking information.
CGI GROUP INC.

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Patrick Schambach Joins CSC as Vice President and General Manager of Enforcement, Security and Intelligence Division

July 23rd, 2008 by admin

FALLS CHURCH, Va., April 24 /PRNewswire/ — Computer Sciences Corporation today announced that Patrick Schambach has joined the company as vice president and general manager of the Department of Homeland Security (DHS) business area for its North American Public Sector (NPS) Enforcement, Security and Intelligence (ESI) division.
In this role, Schambach will be responsible for managing all DHS-related business development and service delivery. In support of the department’s mission to lead a unified national effort to secure America, Schambach will oversee CSC’s efforts at DHS’ headquarters and its agencies, including Customs and Border Protection and Citizenship and Immigration Services. He will report to Aaron Fuller, president of NPS’ ESI division.
“Since its inception, the Department of Homeland Security has counted on CSC to provide mission-critical support,” said Fuller. “With Pat’s government expertise and past DHS experience, we look forward to strengthening this important relationship and continuing to provide innovative IT solutions that deliver sound operational results for the department.”
Schambach joins CSC from Nortel Government Solutions where he spent four years as president of Civilian Sector e-Government and Infrastructure Solutions. Prior to that, he served the U.S. government for 32 years, most recently as the founding Associate Under Secretary for Information Technology and previously as Chief Information Officer (CIO) of the TSA. Prior to joining TSA, he was the Assistant Director of the Office of Science and Technology, as well as the CIO of the Bureau of Alcohol, Tobacco, Firearms and Explosives. His government career started in the U.S. Secret Service, where he worked for more than 24 years.
Schambach currently serves on the board of directors of the Armed Forces Communication and Electronics Association. He has been honored twice by Federal Computer Week as one of the top 100 executives from government, industry and academia deemed to have had the greatest impact on the government systems community. In addition, he received the prestigious Eagle Award, presented to the federal executive in the group to have had the single greatest impact on the federal IT community.
Schambach holds a bachelor’s degree in finance from Fairfield University and a master’s degree in business administration with a concentration in information systems management from George Washington University.
About CSC
Computer Sciences Corporation is a leading global IT services company. CSC’s mission is to provide customers in industry and government with solutions crafted to meet their specific challenges and enable them to profit from the advanced use of technology.
With approximately 91,000 employees, CSC provides innovative solutions for customers around the world by applying leading technologies and CSC’s own advanced capabilities. These include systems design and integration; IT and business process outsourcing; applications software development; Web and application hosting; and management consulting. CSC reported revenue of $16.1 billion for the 12 months ended Dec. 28, 2007. For more information, visit the company’s Web site at .
Computer Sciences Corporation

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