New Business Unit Focused on Improving the Experience of
Healthcare Providers and Manufacturers
CHICAGO--(Business Wire)--Technology Solutions Company (NASDAQ: TSCC), announced today that
it has formed a new business subsidiary named Exogen Solutions LLC,
operating under the name Exogen. The new company is focused on
creating value and improving the experience of healthcare providers
and manufacturers. The new subsidiary will operate alongside its TSC
subsidiary, which is focused on SAP system deployments. The current,
non-SAP focused employees will form the employee basis of Exogen.
"Exogen takes the best of our services and experience outside the
healthcare market and marries it with our innovative healthcare
products and services to create a new solutions company with unique
intellectual property that is committed to creating value for
healthcare providers and manufacturers," said Milton Silva-Craig,
President and CEO of Exogen, and who continues as President and CEO of
Technology Solutions Company.
Exogen's solutions will help lead the transformation of healthcare
providers and manufacturers from a traditional inside-out thinking to
an Outside-In, value-driven customer perspective. Its teams of value
creation experts have intimate knowledge of the challenges facing
healthcare providers and manufacturers today and share a common vision
for the future. Exogen will combine its knowledge and vision, with
best-in-class solutions developed in other industries, to bring to
market unique products and services for healthcare providers and
manufacturers.
"Exogen is an exciting new organization with tremendous
intellectual property, outstanding capabilities and proven
experience," said D. Keith Pigues, Chief Marketing Officer of Ply Gem
and Chairman of the Business Marketing Association. "Its Outside-In
approach to customer value creation, is the basis by which all
companies should operate. Exogen's commitment to applying its proven
tools and vast experience to the healthcare delivery chain is
significant, as evidenced by the creation of this new company. With
customer-centric healthcare taking stride, the entire healthcare
supply chain: manufacturers, distributors, providers and payors can
benefit from becoming more consumer-focused. Exogen can add value to
each of these groups as they help them develop and execute profitable
growth strategies. There has never been a more challenging and
exciting time in healthcare - Exogen can be an important contributor
to the success of the players in this industry."
"The team from Exogen, helped us fundamentally change the way we
look at our business," said Chuck Stein, President and Chief Marketing
Officer of Owens Corning. "With their unique 'Outside-In' approach to
understanding and creating customer value, we were able to quantify
the value impact our offerings were having on our customers. We were
then able to use that information to refine our go to market approach,
our organization and better engage our customers in our strategic
planning process. The only competitive advantage companies will have
in the future is to ensure they are positively impacting the
financials of their customers. Exogen is helping us do that!"
"Exogen has an exciting, new platform," commented Dr. Raymond L.
Baraldi, Jr., Associate Professor of Radiology at UMDNJ-Robert Wood
Johnson Medical School and Chief of Radiology at Cooper University
Hospital. "Their team helped us transform our Digital Imaging services
into a more customer-centric model by leveraging technology to provide
better services to our physicians and patients. Exogen's value
proposition is unique. They are focused on helping clients accelerate
time to value. In our environment, they took a rigorous and methodic
approach to the deployment, adoption and institutionalization of our
image management system. They were able to help us realize value in a
very fast and efficient manner."
ABOUT EXOGEN
Exogen is a business solutions company that is focused on creating
value for healthcare providers and manufacturers. Our solutions help
lead the transformation of healthcare providers and manufacturers from
a traditional inside-out thinking to an Outside-In value-driven
customer perspective. Our teams of value creation experts have
intimate knowledge of the challenges facing healthcare providers and
manufacturers today and share a common vision for the future. We
combine our knowledge and vision, with best-in-class solutions
developed in other industries, to bring to market unique products and
services for healthcare providers and manufacturers. We refer to our
industry leading solutions as Experience and Certainty. Our proven
Experience solutions leverage our exclusive Outside-In intellectual
property helping our customers identify, understand and quantify value
creation opportunities through the eyes of their customers. Our proven
Certainty solutions deliver and sustain value in the areas of digital
healthcare and operational transformation. Our entire suite of
business solutions exist to deliver results. We have delivered
hundreds of successful strategy, planning, implementation and
optimization projects with extraordinary results and outstanding
client references. For more information, please visit:
www.exogeninc.com.
Exogen is a wholly-owned subsidiary of Technology Solutions
Company.
About TSC
Technology Solutions Company (TSC) is a leading business solutions
provider that partners with clients to expose and leverage
opportunities that create, measure, and sustain the delivery of value
to their customers. TSC serves the healthcare and manufacturing
industries. For more information, please visit: www.techsol.com.
CERTAIN FORWARD-LOOKING STATEMENTS AND FACTORS THAT MAY AFFECT
FUTURE RESULTS
This press release contains or may contain certain forward-looking
statements concerning TSC's financial position, results of operations,
cash flows, business strategy, budgets, projected costs and plans and
objectives of management for future operations as well as other
statements including words such as "anticipate," "believe," "plan,"
"estimate," "expect," "intend," and other similar expressions. These
forward-looking statements involve significant risks and
uncertainties. Although TSC believes that the expectations reflected
in such forward-looking statements are based on reasonable
assumptions, readers are cautioned that no assurance can be given that
such expectations will prove correct and that actual results and
developments may differ materially from those conveyed in such
forward-looking statements. TSC claims the protection of the safe
harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act of 1995 for all forward-looking
statements. Important factors that could cause actual results to
differ materially from the expectations reflected in the
forward-looking statements in this press release include, among
others, TSC's ability to manage decreased revenue levels; TSC's need
to attract new business and increase revenues; TSC's declining cash
position; TSC's ability to manage costs and headcount relative to
expected revenues; TSC's ability to successfully introduce new product
and service offerings; TSC's ability to successfully introduce its new
Exogen business subsidiary; TSC's dependence on a limited number of
clients for a large portion of its revenue; the potential loss of
significant clients; TSC's ability to attract new clients and sell
additional work to existing clients; TSC's ability to attract and
retain employees; the rapidly changing nature of information
technology services, including TSC's ability to keep pace with
technological and market changes and its ability to refine and add to
existing service offerings; the lack of shareholder approved stock
options available for grants by TSC to retain existing employees; and
changing business, economic or market conditions and changes in
competitive and other factors, all as more fully described herein and
in TSC's filings with the Securities and Exchange Commission, press
releases and other communications. Forward-looking statements are not
guarantees of performance. Such forward-looking statements speak only
as of the date on which they are made and, except as may be otherwise
required by law, TSC does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances after the
date of this press release. If TSC does update or correct one or more
forward-looking statements, investors and others should not conclude
that TSC will make additional updates or corrections with respect
thereto or with respect to other forward-looking statements. Actual
results may vary materially.
Technology Solutions Company
Timothy Rogers, Chief Financial Officer
312-228-4848
Tim.rogers@techsol.com
or
Exogen
55 East Monroe Street
Suite 2600
Chicago, Illinois 60603
312-228-4500
Copyright Business Wire 2007
