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ProfitLine Acquires FedCel, Tackles Growing Business Need to Manage Mobile Communications
Company Transforms Telecom Lifecycle Management Approach to Include Wireless
Wednesday, June 22, 2005 — SAN DIEGO – June 22, 2005 – ProfitLine, the premier provider of telecom expense management (TEM) services, today announced it has acquired FedCel, an international mobile outsourcing company. The addition enables ProfitLine to deliver the most comprehensive outsourced telecom lifecycle solution available today.
The FedCel acquisition allows ProfitLine to offer clients more value through a proactive, holistic approach to telecom expense management, covering the breadth of wireless and traditional services. In addition to the company's existing Telecom Lifecycle Management (TLM) solution, ProfitLine now offers TLM Mobility via its newly named FedCel Mobility Division.
"ProfitLine's strategy is to deliver more services to benefit our clients – not just to acquire revenue mass or customer lists. The addition of FedCel's expertise makes a great connection between wireline and wireless TEM, truly rounding out the value we provide to our clients," said Rick Valencia, chief executive officer of ProfitLine. "We are finding that, while enterprises are concerned about savings, they are increasingly focused on better processes and cost visibility, and seek to completely offload the effort of managing their telecom department in order to focus on their core business."
Managing wireless communication expenses is a growing business problem. Nearly half of companies report managing increased costs for employee mobile devices as a growing challenge. Early adopters of wireless technologies, such as the federal government and automotive industry, have realized that they don't want to manage mobile communications in-house. As a result, the Big Three automakers and several government agencies are embracing FedCel mobile outsourcing services to manage their wireless lifecycle.
"As businesses move from supporting simple cellular phones, to more robust handheld and mobile-computing wireless data devices, the effort and costs to support these users also increases," according to Gartner's "Reducing Complexity by Outsourcing Wireless" presentation at Gartner Symposium ITXPO 2005. "Companies are starting to look for ways to keep costs down, yet continue to support and, in many cases, even increase the applications and services that are supported today. Many will look to managed services to begin offloading some of this work."
Gartner also recommended that organizations include wireless and mobile telephony as an integrated part of their outsourcing plan, and evaluate how TEM systems will help reduce hard and soft wireless telephony costs.
"The combination of ProfitLine and FedCel is unstoppable in terms of providing a comprehensive solution based on customer needs," said FedCel CEO Michael Patterson, who will now be spearheading ProfitLine's federal government efforts. "The expertise and proven solutions maintained by both companies is a great match, and FedCel is eager to deliver additional value to ProfitLine customers."
FedCel has leveraged proprietary software applications, programming expertise and customer-centric services to reduce the cost and complexity of mobile communications for corporate and federal customers. The company has become a wholly owned subsidiary of ProfitLine as a result of the acquisition.
ProfitLine was advised in the transaction by Mooreland Partners, LLC.
About ProfitLine
ProfitLine is the premier provider of telecom expense management services for Fortune 1000 companies. The company's outsourced solution streamlines and manages the entire telecom lifecycle process for both wireline and wireless. Backed by an intelligent platform, ProfitLine's team of seasoned telecom and wireless experts increases savings and reduces hassles for clients. For more information, visit www.profitline.com.
# # #
NOTE: ProfitLine is a registered trademark of ProfitLine, Inc. Telecom Lifecycle Management and Telecom Lifecycle Management Mobility are trademarks of ProfitLine.
All other trademarks or registered trademarks belong to their respective owners.
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Company Transforms Telecom Lifecycle Management Approach to Include Wireless
Wednesday, June 22, 2005 — SAN DIEGO – June 22, 2005 – ProfitLine, the premier provider of telecom expense management (TEM) services, today announced it has acquired FedCel, an international mobile outsourcing company. The addition enables ProfitLine to deliver the most comprehensive outsourced telecom lifecycle solution available today.
The FedCel acquisition allows ProfitLine to offer clients more value through a proactive, holistic approach to telecom expense management, covering the breadth of wireless and traditional services. In addition to the company's existing Telecom Lifecycle Management (TLM) solution, ProfitLine now offers TLM Mobility via its newly named FedCel Mobility Division.
"ProfitLine's strategy is to deliver more services to benefit our clients – not just to acquire revenue mass or customer lists. The addition of FedCel's expertise makes a great connection between wireline and wireless TEM, truly rounding out the value we provide to our clients," said Rick Valencia, chief executive officer of ProfitLine. "We are finding that, while enterprises are concerned about savings, they are increasingly focused on better processes and cost visibility, and seek to completely offload the effort of managing their telecom department in order to focus on their core business."
Managing wireless communication expenses is a growing business problem. Nearly half of companies report managing increased costs for employee mobile devices as a growing challenge. Early adopters of wireless technologies, such as the federal government and automotive industry, have realized that they don't want to manage mobile communications in-house. As a result, the Big Three automakers and several government agencies are embracing FedCel mobile outsourcing services to manage their wireless lifecycle.
"As businesses move from supporting simple cellular phones, to more robust handheld and mobile-computing wireless data devices, the effort and costs to support these users also increases," according to Gartner's "Reducing Complexity by Outsourcing Wireless" presentation at Gartner Symposium ITXPO 2005. "Companies are starting to look for ways to keep costs down, yet continue to support and, in many cases, even increase the applications and services that are supported today. Many will look to managed services to begin offloading some of this work."
Gartner also recommended that organizations include wireless and mobile telephony as an integrated part of their outsourcing plan, and evaluate how TEM systems will help reduce hard and soft wireless telephony costs.
"The combination of ProfitLine and FedCel is unstoppable in terms of providing a comprehensive solution based on customer needs," said FedCel CEO Michael Patterson, who will now be spearheading ProfitLine's federal government efforts. "The expertise and proven solutions maintained by both companies is a great match, and FedCel is eager to deliver additional value to ProfitLine customers."
FedCel has leveraged proprietary software applications, programming expertise and customer-centric services to reduce the cost and complexity of mobile communications for corporate and federal customers. The company has become a wholly owned subsidiary of ProfitLine as a result of the acquisition.
ProfitLine was advised in the transaction by Mooreland Partners, LLC.
About ProfitLine
ProfitLine is the premier provider of telecom expense management services for Fortune 1000 companies. The company's outsourced solution streamlines and manages the entire telecom lifecycle process for both wireline and wireless. Backed by an intelligent platform, ProfitLine's team of seasoned telecom and wireless experts increases savings and reduces hassles for clients. For more information, visit www.profitline.com.
# # #
NOTE: ProfitLine is a registered trademark of ProfitLine, Inc. Telecom Lifecycle Management and Telecom Lifecycle Management Mobility are trademarks of ProfitLine.
All other trademarks or registered trademarks belong to their respective owners.
Return to the List of Archived Press Releases.
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