Alsbridge Acquires Telwares and Creates Network Sourcing & Transformation Powerhouse
DALLAS, Nov. 27, 2012 /PRNewswire/ -- Alsbridge Inc., the global leader in data-driven benchmarking, outsourcing and transformation services for CXO executives, announced today the acquisition of Telwares Inc., a leading consulting firm that provides network optimization and IT transformation services to clients worldwide.
The acquisition of Telwares by Alsbridge, for an undisclosed sum from One Equity Partners, the private investment arm of JP Morgan Chase, creates the world's largest supplier-neutral network procurement, outsourcing and transformation advisory firm. With over 200,000 data points and market intelligence garnered from thousands of sourcing transactions, the combination provides clients with absolute clarity and transparency of price and performance in enterprise networking.
"Alsbridge continues to enhance our core service offerings and add adjacent capabilities to deliver even more value to our CXO clients. The addition of Telwares improves our already strong capabilities in network, hardware and software," said Ben Trowbridge, founder and CEO of Alsbridge Inc. "We look forward to continued growth in 2013 as the CXO's trusted advisor for benchmarking, outsourcing and transformation across their entire IT and back office."
Telwares is the number one network cost optimization and transformation service consulting firm for Fortune 500 companies with a broad portfolio of advisory, strategic sourcing, technology assessment, network design, and supplier management solutions for network, hardware and software costs. "We are proud to bring our expertise, solutions and deep Fortune 500 relationships to the Alsbridge portfolio," said Dave Muller, President of Telwares. "With an unrivalled team of expert resources, a superior portfolio of service offerings and global market presence, our combined companies are positioned for substantial growth and to deliver exceptional results for clients."
Alsbridge's unsurpassed experience in network transformation consultancy dominates the worldwide market and is paramount to the success of Global 2,000 companies. "Every enterprise is looking to tap the power of technology transformation to outperform and innovate faster than their competitors. Moving to the next generation networks is a key step necessary to enhance customer experience via intelligence, enable Bring Your Own Device (BYOD) policies, leverage cloud applications, and mine Big Data," said Dieter Thompson, Senior Managing Director of Alsbridge Inc.'s network sourcing practice. "With this acquisition, Alsbridge has unprecedented capabilities to help organizations drive substantial cost savings and create measurable competitive advantages."
About Alsbridge Inc.
Alsbridge is a global consulting firm that provides data-driven sourcing advisory and benchmarking services for IT, Finance and Sourcing executives. We've helped hundreds of companies reduce costs and get more value from their vendors. Our experienced consultants leverage proprietary tools and information databases to identify and engage the optimal vendors for your situation, negotiate best practice terms at fair market prices, and improve the way you work with your service providers. Alsbridge clients utilize the most cost effective and value added sources globally for IT infrastructure services, network carrier services, hardware and software, application support and development, business processes and cloud services. The International Association of Outsourcing Professionals (IAOP) ranked Alsbridge the #1 outsourcing advisor in the world in 2011 based on our value delivered to clients. Our commitment to delivering value to our clients also made Alsbridge a distinguished member of the 2010 Inc. 500 fastest growing privately held companies in America.
About Telwares Inc.
Acquired by Alsbridge in November 2012, Telwares is a leading consultancy, providing network cost optimization and transformation services to the Fortune 500. Our resources bring deep expertise in the commercial and technical aspects of aligning complex technology solutions with business objectives. Telwares enables large enterprises to create and implement next-gen network strategies, implement innovative solutions for competitive advantage, execute short and long-term cost-out opportunities, and articulate the value IT delivers to their broader businesses. Our expertise, along with unparalleled market intelligence gained through evaluating thousands of contracts each year combine to make us the partner of choice for more than 30% of the Fortune 500 and many of the world's largest global private equity firms. This broad base of engagement speeds results and innovation by applying real-time market intelligence and best practices, enhancing supplier responsiveness and extending access to a network of essential supplier relationships.
SOURCE Telwares Inc.