MSS*Group Becomes Vercuity(TM)
January 22, 2005 (PRLEAP.COM) Business News
DENVER, Jan. 20 - Today MSS*Group announced that it has changed its name to Vercuity. "We needed a name that more closely reflects the company's ideal for Telecom Expense Management. After extensive market research, both at the industry and client level, we chose Vercuity," said Sean Erickson, Vercuity CEO. "Vercuity's value proposition is to move clients beyond cost savings to value creation with a suite of High Performance TEM solutions. This is a different approach. The current providers in today's marketplace focus on individual elements of TEM." Vercuity is derived from two words:
Verify: meaning to establish the truth, accuracy or reality of
Acuity: meaning sharpness of vision; the visual ability to resolve fine
detail; a quick and penetrating intelligence.
"Vercuity describes our philosophy of allowing our clients to focus on their core business while we focus on providing visibility and improvement on their telecom spending practices and processes," concluded Erickson.
Fortune 500 companies understand the importance of utilizing a combination of people, process and technology to maximize return on their telecommunication investment. With this in mind, Vercuity has strengthened its service model with the addition of a new Professional Services offering, adding proven processes and methodologies to its technology solutions. "Professional Services provides a necessary complement to Vercuity's existing strengths," noted Teresa Leighty, Vice President of Professional Services. "Both our Professional Service and Customer Experience Management teams have the expertise to provide our clients with proactive advice based on incorporating industry insight and TEM best-practices."
"Extensive Aberdeen enterprise research into telecom cost management strategies has clearly pointed out the success of hybrid solutions combining industry expertise, well-defined policies and procedures, and data collection and analysis tools to optimally manage the complex lifecycle of telecommunications expenditures," said Christa Degnan, research director at the Aberdeen Group. Vercuity manages and consolidates information and provides a single view and analysis of the data. Having information, web-based reporting tools and experienced business analysts provides enterprises with the best business value.
Vercuity is now positioned to provide clients with the ultimate outsourced solution for Telecom Expense Management. Vision into inventory, invoices, usage and contract terms allows Vercuity to deliver a robust enterprise-wide telecom management suite. There are other vendors out there that offer some of these pieces, but none offer the level of integration and professional services that are available from Vercuity.
About Vercuity
Vercuity focuses on providing Telecom Expense Management solutions to Fortune 1000 enterprises interested in maximizing their return on telecom investments. Solutions are delivered through a product suite that includes a high powered combination of experienced people, proven process methodologies and integrated technology. With telecom expenses representing one of the top five expense categories for the enterprise, companies are quick to recognize the value gained from outsourcing this business process. Industry analysts believe that carrier billing errors seen as a result from years of deregulation and industry consolidation may inflate telecom expenses by as much as five percent. In 2004, Vercuity saved its 300 clients more than $150 million from the $4.4 billion of telecom services under management. Vercuity, headquartered in Denver, CO, has been in business process outsourcing for Telecom Expense Management since 1986. For more information, please call 1.88.VERCUITY or visit http://www.vercuity.com .
Analyst, Media or Company Contact:
Stephanie Miller
Vercuity Public Relations
250.592.8537
1.888.TELWARES
smiller@telwares.com