FOR IMMEDIATE RELEASE
William Gordon Joins TechSys, Inc.
As Chief Executive Officer
Livingston, NJ - (BUSINESSWIRE) - September 18, 2000 - TechSys, Inc.
(NASDAQ: TKSS), an Information Technology company focusing on investing in and
acquiring businesses based in India, announced today that H. William Gordon,
former Chief Procurement Officer of Andersen Consulting, has assumed the
position of Chief Executive Officer.
Mr. Gordon joins TechSys from DigitalESP, Inc., an e-business
consulting company, specializing in e-technology integration. Reporting into the
Chairman and CEO, Mr. Gordon was responsible for business development and
strategic partnerships. During his tenure with the company, DigitalESP's
forecasted revenues increased by more than 300 percent.
"Over the years Mr. Gordon has fostered substantial technology-based
global relationships that will prove to be valuable assets for the company. Just
as important is the experience he brings to TechSys, Inc. in managing global
organizations well within budget while exceeding corporate objectives," said
Steven Trenk, President of TechSys, Inc. "William has an exquisite combination
of experience, relationships and energy that will propel TechSys, Inc. to the
achievement of its investment, business development and shareholder value
objectives. He is a welcome and valued addition to our top management."
Previously, Mr. Gordon was with Andersen Consulting. In 1998 he was
named the firm's first Chief Procurement Officer, responsible for $3.7 billion
in spend world wide, much of it technology-related. In his first year Mr. Gordon
created both the business and organizational architecture, hired a global and
highly experienced management staff from around the world, put in place a new
technical infrastructure, and implemented sourcing and order fulfillment
processes that had a cost savings impact 285% greater than forecasted.
Additionally, Mr. Gordon was responsible for the first net-centric transaction
system in Andersen, which moved the firm closer to its eCommerce vision.
Prior to Andersen Consulting, he was employed with Electronic Data
Systems (EDS), which at the time was the largest technology consulting company
in the world. While at EDS he rose to directing worldwide strategic business
development for the company.
"William is well-known and widely respected in the business and IT
communities for his proficiency in forming high-profile partnerships and new
customer wins. We are honored to have an industry veteran with the necessary
experience to lead TechSys, Inc. toward dynamic growth and increased shareholder
value," said Lester Wolff, co-Chairman of the Company's Advisory Board.
"We are on the verge of something special at TechSys, Inc.," said Mr.
Gordon. "There are no faster growing geographic and industry segments than
India-based information technology. We will exploit a coalescence of the two for
the mutual benefit of the companies we invest in and the market in general."
About TechSys, Inc.
The Company is focusing on the Information Technology sector, with an
emphasis on software services and Internet-based call centers. TechSys is an
emerging technology company emphasizing accelerated growth through the
consolidation of India-based, IT-oriented companies operating in two high growth
sectors, managed software solutions and Web-based call center services.
According to a study conducted by the National Association of Software
and Service Companies (NASSCOM), India's software industry is expected to grow
15-fold from $5.7 Billion in 2000 to $87 Billion by year 2008. In addition, the
study indicated that, by 2008, more than one million additional jobs will be
created in India to serve the web-enabled call center market, expected to
generate annual revenues of over $17 Billion.
This press release contains forward looking statements which involve
numerous risks and uncertainties. The Company's actual results could differ
materially from those anticipated in such forward looking statements as a result
of certain factors, including the risk factors set forth in the Company's
registration statement (No. 333-3194) filed with the Securities and Exchange
Commission on March 8, 2000.
CONTACT: Media Contact:
KCSA Public Relations Worldwide, New York
Jerry Miller, 212/896-1251
[email protected]
or
Investor Contact:
TechSys, Inc., Livingston
Steven L. Trenk, President, 973-422-1666 ext. 130
