| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Courtney Chandler
617-375-4217
courtney@revolutionpartners.com |
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ENTIGO UNDERGOES
A MANAGEMENT BUY-OUT
Change in Strategy will Result in
Market Expansion
EXTON, PA (March 1, 2005) – Entigo
Corporation, the leading provider of “warranty chain
management” (WCM)
solutions, today announced that it has undergone a management
buy-out. Stephen Layne, CEO of Entigo, has acquired all of
the assets of the company from the company’s private
investors.
The management buy-out includes all intellectual property
as well as a long standing customer base. The company will
continue to operate under the name Entigo and plans to maintain
its existing operations in Pittsburgh, PA, Greenville, SC,
and Philadelphia, PA.
“As an independent company, Entigo now has the ability
to capitalize on its technical strengths and business process
expertise, pursue new markets, and adapt its strategy to
meet the changing demands of the market,” said Stephen
Layne, CEO of Entigo. “Over the past several years,
we have seen the market change in terms of how solutions
like ours are procured and implemented. We feel the industry
needs full service solution providers that can offer more
than just software. Business process analysis, systems redesign,
data analysis and |
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migration as well
as ongoing system operations and support are increasingly what the
market requires.”
“As manufacturers increase their focus on warranty, it makes
perfect sense for Entigo to refocus its efforts," said Eric
Arnum, editor of the Warranty Week newsletter. "Services and
expertise are just as important as software and systems."
Entigo will leverage its strength as an enterprise software vendor
too as it expands to offer its software as a service. Customers
will now have a wide range of licensing and acquisition models,
including the ability to license individual modules and source
code under a range of flexible pricing options. The result is improved
warranty process technology for a wider range of organizations
that typically have not had the resources to acquire and operate
a state of the art warranty processing system.
About Entigo
Entigo is the world’s leading provider of warranty chain
management solutions. With Entigo Warranty, customers save millions
by efficiently and accurately processing claims, increasing supplier
cost recovery, and accelerating problem identification and resolution.
With “Warranty on Demand” solutions from Entigo, any
organization regardless of size will be able to acquire, operate
and implement a state of the art warranty processing system.
Entigo's Global 500 customers include ArvinMeritor,
Eaton, General Motors Corporation, Honeywell Aerospace, Michelin
North America and Volvo/Mack Trucks. Entigo is headquartered in
Exton, PA and can be contacted on the web at www.entigo.com
or via phone at (610) 232-2900.

Revolution Partners is one of the nation's largest investment banks focused exclusively on Mergers & Acquisitions and Private Capital Fundraising Advisory Services for technology companies. All of our clients benefit from senior-level attention from partners with deep sector expertise.
Revolution Partners was founded in 2001 by former senior technology bankers from major Wall Street investment banks. With offices in Boston, San Francisco and Los Angeles, Revolution applies partner-level experience to the successful execution of advisory and financing transactions for emerging technology companies in industry sectors including software, Internet business services, telecommunications, wireless, clean tech, digital media, storage and semiconductors. For more information, visit www.revolutionpartners.com. |