| FOR IMMEDIATE RELEASE : July 1, 2006 |
TELECOM EXPERTS RENODIS AND COEUS MERGE
Services protect customers from costly inefficiency; Telecom Expense
Management software alone saving customers average of 26 percent
Minneapolis, MN—Companies looking for savings within one of their biggest
expense line items now have a stronger ally. On July 1, Renodis, one of the
nations most successful telecom agents, merged with Coeus, an experienced consultancy
and pioneer in the emerging Telecom Expense Management (TEM) trend. The two
long-time partners solidify and strengthen their relationship to bring bottom-line
value to customers. The combined entities help customers navigate the complex
telecom waters and manage telecom carriers, bringing about measurable efficiencies.
Telecom management services, including a TEM software application developed
by Coeus, are saving customers an average of 26 percent annually. Leveraging
deep carrier relationships, the combined companies offer full assessment and
design of advanced data and voice network systems, securing best-available pricing
and eliminating inefficiencies.
“Both Renodis and Coeus are about guiding our customers in optimizing
their telecom spend while tailoring a customized solution,” said Nick
Hedlund, Renodis Co-Founder. “Coeus adds strong consulting and expense
management capabilities that round out our offering. This merger deepens our
ability to find every opportunity to optimize our customers’ telecom environment
while absolutely eliminating inefficiencies.”
In 2002, Renodis established partner relationships with national carriers like
Qwest and at&t, and began offering customers a truly consultative approach
to building telecom solutions, something the big carriers were unable to provide.
Capitalizing on the emergence of TEM, Coeus built a proprietary software application
that manages technology assets, resulting in significant annual savings for
their customers. The merger brings superior telecom management consulting capabilities
together with deep carrier relationships, resulting in stronger value for customers.
“Telecom is one of the biggest expenses within any company, and our Coeus
customers get direct bottom-line savings by leveraging our asset management
services,” said Steve Lambros, Coeus Founder. “Merging with Renodis
gives us a deeper understanding of the carriers, improving our consulting capabilities
and ultimately the value we deliver to our customers.”
Renodis relieves the pain caused by confusion with multiple carriers and the
near certainty of paying more than you need to. Cemstone is one such customer
who realized significant gains while upgrading their entire Wide Area Network
(WAN). Todd Wickard, VP of Information Technology at Cemstone said, “Renodis
was great at assessing our network situation and hardware inventory.
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They guided us to the right telecom carriers, negotiated the best pricing and managed the whole implementation process. We used [Coeus’] Asset Management services for an inventory and assessment. We also use their invoice management software and leverage them for ongoing support.” As a Qwest Premier Master Business Partner, Renodis is able to provide escalated support channels and the best pricing available. “By working with Renodis and Coeus we actually saved 37 percent on our yearly telecom spend, even while significantly upgrading our wireline and wireless services.” Renodis is positioned to offer a consultative approach to telecom procurement while virtually guaranteeing significant savings. Aberdeen Group research validates the growing need for telecom management with research citing, “For many enterprises, telecommunications spend is so wrought with inefficiencies that the companies don't know how much they spend on telecom services, never mind how to best manage those budgets.”
For information, contact: Nick Hedlund at 952-960-2510 or email nick@renodis.net
Additional information is available at www.renodis.net and www.coeusinc.com
Aberdeen Group research is available at http://www.aberdeen.com/summary/report/perspective/research5.asp