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Gladwyne Software Surety Expands Client Base With
American Institute of CPAs and Airgas, Inc.
National CPA Organization and Leading Distributor of Industrial
Products Among Growing List of Organizations Taking Steps to Protect
Their IT Investments
King of Prussia, PA - August 29, 2001 - Gladwyne Software
Surety (www.ITSurety.com), a provider of objective risk management
services that enable corporate executives to insure their IT investments,
today announced that the American Institute of Certified Public
Accountants (AICPA), the national professional organization of CPAs,
and Airgas, Inc. (NYSE: ARG), the largest distributor of industrial,
medical and specialty gases and safety products in the U.S., have
joined Gladwyne's growing customer list of organizations seeking
to implement an IT risk management program.
As Gladwyne customers, the AICPA and Airgas will begin to mitigate
risk and protect their technology projects through Gladwyne's integrated
risk management services. Both organizations have invested substantial
resources in information technology and are seeking to insure against
implementation delays, cost overruns, and failures.
"We have several key strategic IT initiatives underway at the
AICPA which need active engagement and project oversight, including
a complex ERP project and upgraded e-learning offerings," said
Joe Torre, CFO of the American Institute Certified Public Accountants.
"Since these are among the AICPA's largest and most complex
enterprise-wide IT initiatives, we turned to Gladwyne for guidance
and to drive through consultant selection, project mobilization,
and project management to help to make sure that these strategic
initiatives are completed on-time and with minimal disruption."
"Our shared services project, in which we will consolidate
the financial accounting processes for all of our 700-plus locations,
is a complex IT implementation that requires professional risk management
guidance during the systems integrator selection process, added
Roger Millay, CFO of Airgas, Inc. "With a tight project timeline,
the Airgas team is pleased to have access to Gladwyne's objective
expertise to successfully navigate this process."
Gladwyne currently provides IT risk management to more than 30 companies
and organizations across a wide range of vertical markets. The addition
of the AICPA and Airgas reflects the market trend to employ systematic
risk management in place of escalating budget contingences, which
have reached nearly 50% of overall IT services budgets.
"For both of these organizations, failure of their enterprise-wide
systems would directly impact member and customer relations, as
well as certain sales and distribution functions," stated Dan
Brennan, president and COO of Gladwyne Software Surety. "Airgas
and the AICPA realize the importance of protecting these IT investments,
and we're excited to have been chosen as their risk management advocate."
About AICPA:
The American Institute of Certified Public Accountants (www.aicpa.org)
is the national, professional organization of CPAs, with more than
330,000 members in business and industry, public practice, government,
and education. It sets U.S. auditing and professional ethical standards
and, with the Financial Accounting Standards Board, U.S. accounting
standards. The AICPA is the first national, professional association
to be ISO 9001-certified, in recognition of its quality management
and assurance practices.
About Airgas:
Airgas, Inc. (NYSE: ARG) is the largest U.S. distributor of industrial,
medical and specialty gases, welding, safety and related products.
Its integrated network of 700 locations includes branches, retail
stores, gas fill plants, specialty gas labs, production facilities
and distribution centers. Airgas also distributes its products and
services through eBusiness, catalog and telemarketing channels.
Its national scale and strong local presence offer a competitive
edge to its diversified customer base. For more information, please
visit www.airgas.com.
About Gladwyne Software Surety:
Gladwyne Software Surety, based in King of Prussia, Pa., is the
leading provider of information technology risk management, offering
the only insurance-backed guaranty for packaged software implementations
in the marketplace. Gladwyne provides objective risk management
services that enable financial and technology executives to insure
their strategic IT investments. Gladwyne utilizes a propriety methodology,
known as the Missouri Method®, for identifying and managing
IT risk, and offers integrated risk management services that include
sourcing, contracts, audit, and insurance for qualified buyers.
Customers include a wide range of companies across all vertical
markets, including many industry leaders such as Citibank, Comcast,
JC Penney, Subaru, and Verizon. More information about Gladwyne
is available online at www.Fortera.com.
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