(Compass
Enterprise Technologies Announcement)
FOR IMMEDIATE RELEASE
The recent Fusion Labs acquisition of Compass
Enterprise Technologies creates a unique breed of business technology support
- Application Management and Technical Outsourcing
DALLAS, Texas
- Today - Fusion Laboratories Inc. announced today the acquisition of Compass
Enterprise Technologies (Compass-ET). Formed by business and technology experts
in 1999, Compass-ET is an enterprise systems integrator and technology-consulting
firm. Its customers, employees and assets will become a division of Fusion Labs.
Fusion Labs has named Cid Smith, Compass-ET founder, as Executive Vice President
of Sales for Fusion Labs.
Fusion
Labs and Compass-ET have been described as business-centric technology partners
that share similar philosophies but differing approaches to satisfying the technology
requirements of their clients. Fusion Labs focuses on developing, delivering,
and supporting business applications, while Compass-ET focuses on technical recruitment,
and leadership consulting services. Both companies have experience in providing
systems integration and development and have quickly established themselves in
a tumultuous climate by fostering business relationships and now join in order
offer organizations a full-range of technical expertise.
Mr.
Rob Rowe, COO Fusion Labs, has been designated Compass Enterprise Technologies
President. "I'm expecting the Compass expertise to provide the basis for
continued counter cyclical growth and solid partnership with other Fusion Labs
divisions," said Mr. Rowe. "Compass-ET will now enjoy a new breadth
of service level which will help them enter new markets quickly while maintaining
the impressive level of support their client base is accustomed to," Mr.
Rowe concluded.
"We
are especially pleased to be able to grow in this tough IT market and to be executing
under the Fusion Labs 'buy and build' business model," said Brian Blackmarr,
CEO Fusion Labs. "In addition to offering top-notch technical services, Compass-ET
developed a unique mentorship model in which they transferred a great deal of
knowledge to their clients. This model extended a solution's lifecycle and helped
to retain the skilled technical staff of their clients. We look forward to adapting
some of these innovative concepts to the way we do business," Mr. Blackmarr
explained.
"It
is great feeling to have a unique story to tell out there," began Cid Smith,
title. "The joining of Compass-ET and Fusion represents a joining of two
unique models and gives us a huge advantage over our competitors. The combination
of these companies enables us to deliver high ROI solutions to our clients through
reduced operating costs and generating new lines of revenue." concluded Ms.
Smith.
About Compass
Enterprise Technologies
Cid Smith, Compass Enterprise Technologies founder,
spent a decade at Electronic Data Systems (EDS). She formed Compass-ET in 1999
with a staff of individuals with a significant amount of experience in both the
information technology field and business field. Compass-ET maintains an impressive
Fortune 500 client base including such companies as Bank of America and ING. Compass
Enterprise Technologies officially became a Division of Fusion Labs in May of
2002.
About
Fusion Labs
Fusion Laboratories, Inc. (FUSION LABS) was formed in 2001 to
provide Technology Infrastructure, Application Management, and Consulting Services.
The Fusion Labs management team previously founded and built BRBA, a Dallas based-regional
technology firm. Fusion Labs has provided business solutions, application support
and business process outsourcing for a range of vertical market leaders. Current
clients and partners served by Fusion Labs include: Mary Kay Cosmetics, Neiman
Marcus, Toys"R"Us, Saks Fifth Avenue, Bank of America, NCR, and Kintetsu
World Express.
#
# #
Contact:
Mark Winsor, Marketing Director
Fusion Laboratories Inc.
214.739.5454
mwinsor@fusionlabs.net
fusionlabs.net
