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Gary Frazier
gary.frazier@ventyx.com
FOR IMMEDIATE RELEASE
Indus and MDSI Become Ventyx™
New Brand Signifies
Consolidated Strength in Service Delivery Management
ATLANTA, March 29, 2007 – Vista Equity Partners,
a $1 billion private equity investment firm based in San Francisco,
CA, today announced the rebranding of its recently combined Indus/MDSI
portfolio company as Ventyx, effective April 2, 2007.
The new brand is designed to signify the company's position as
a leading Service Delivery Management (SDM) solution provider. Ventyx
unites the leading provider of best-of-breed customer, asset and
field service management solutions with the dominant player in enterprise
workforce management, resulting in the most comprehensive and robust
suite of Service Delivery Management solutions available today.
"The consolidated offerings of Indus and MDSI provide a synergy
enabling a whole new level of Service Delivery Management capabilities,”
said Greg Dukat, president and CEO of Ventyx. "The new name
represents the 'Value and Vision' we continue to put into our comprehensive
offerings and the 'eXecution, eXcellence and eXpertise' we bring
to the table to help drive value for our clients. We're pairing
the name with the tagline, 'A New View of Service Delivery,' to
emphasize our unique offerings and their impact on the market.”
Ventyx Chief Operating Officer Vince Burkett added, "The Ventyx
name represents the unique combination of innovation and experience
our company provides to deliver proven, transformational results
for our clients. We have numerous clients which have documented
significant increases in productivity and lower costs through improving
asset performance and streamlining the supply chain. Our solutions
are helping them ensure customer satisfaction and loyalty, enhance
workforce efficiency and maximize overall financial performance.”
Ventyx corporate headquarters are in Atlanta, GA., with satellite
offices in the United States, Canada, Europe and Asia-Pacific.
New EVP and CTO
Ventyx also announced the appointment of Steve Carpenter as Executive
Vice President and Chief Technology Officer. Carpenter has more
than 12 years in software development and business management in
the software industry. He comes to Ventyx from Infor, where he was
the VP of Development for ERPLN. Prior to that position, he served
in various development and management roles at Baan and subsequently
at SSA Global after its acquisition of Baan, as well as at Aurum
Software and Antalys Inc. He graduated from the University of Wisconsin
with a B.S. in Computer Science.
About Ventyx
Ventyx is the leading provider of proven Service Delivery Management
solutions which enable utility, communications and other commercial
field service organizations to optimize the management of their
customers, workforce, spare parts inventory, equipment, tools and
documentation -- empowering organizations to maximize efficiencies
in their customer relationships, facilities, workforce and field
service operations. With offices in North America, Europe, the Middle
East and Asia-Pacific, the company has more than 400 clients in
select asset-intensive service-based industries. For more information,
visit our Website at www.ventyx.com.
About Vista Equity Partners
Vista Equity Partners currently invests $1 billion in capital committed
to dynamic, successful technology-based organizations led by world-class
management teams with long-term perspective. Vista is a value-added
investor, contributing professional expertise and multi-level support
toward companies realizing their full potential. Vista's investment
approach is anchored by a sizable long-term capital base, experience
in structuring technology-oriented transactions, and proven management
techniques that yield flexibility and opportunity in private equity
investing. For more information, visit www.vistaequitypartners.com.
Ventyx is a trademark of Vista Equity Partners. Other company and
product names may be trademarks of the respective companies with
which they are associated.
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