Precimed Selects Answerthink's EzMed Solution and SAP To Streamline Business Processes and Position for Growth; One of Ten Life
September 21 2006 - 9:30AM
Business Wire
Answerthink, Inc. (NASDAQ:ANSR) announced today that Precimed, Inc.
has gone live with EzMed, a mySAP(TM) All-in-One solution from
Answerthink that is preconfigured with best practices and
functionality specifically for growing medical device
manufacturers. The solution will be hosted for Precimed by SAP
Managed Solutions under a 36-month contract. Answerthink is a
strategic business and technology consulting firm that enables
companies to achieve world-class business performance. mySAP
All-in-One solutions are industry-specific software,
implementation, and training solutions developed by SAP partners
using SAP applications. According to Precimed CFO Jeffrey Stello,
"Using industry best practices from SAP and Answerthink, Precimed
has installed a fully validated system that is up and running in
just 21 weeks. Answerthink and SAP Managed Services have enabled us
to install and go live faster than we imagined was possible."
Precimed is a growing Swiss medical technology company focusing on
the design and development of innovative instruments for the
orthopedic implant market. The company has its global headquarters
in Orvin, Switzerland; North American headquarters in Exton, PA; as
well as subsidiaries in the United Kingdom, Japan and Asia.
Manufacturing facilities are located throughout Switzerland and in
the US, and its leading products, including instrumentation for hip
and knee replacement, trauma, and spine are sold worldwide to more
than 260 orthopedic OEM customers, among them Zimmer, Stryker,
DePuy, Medtronic, Smith & Nephew, Biomet and Synthes. Precimed
is well known in the industry for its outstanding quality and
innovative products in strong, growing market segments such as
minimally-invasive surgery, resurfacing, computer aided surgery,
RFID tracking, disposable instruments, and turnkey delivery
systems. EzMed is an industry-specific offering from Answerthink
based on best practices from SAP and customized for growing
companies in the medical device industries. It is part of
Answerthink's EzLifeSciences family of preconfigured solutions that
are designed specifically to help life sciences companies achieve
goals such as streamlined product development, medical device
manufacture reporting automation, and regulatory compliance.
Precimed is one of ten life sciences companies that have selected
Answerthink and EzLifeSciences within the past 12 months. "We have
achieved rapid growth organically during the past few years. We
intend to accelerate our growth rates with strategic acquisitions
and wanted a system that would position us to support this global
growth, and also facilitate continuous improvement," said
Precimed's Stello. "EzMed will provide us with a single,
comprehensive view of all of our critical business processes."
According to Answerthink SAP Solutions Group Managing Director John
McGrath, "We're delighted to be working with Precimed. Our EzMed
solution was recently certified by SAP, and it is now proving its
value with a growing, innovative customer. Like Precimed, many
small and midsize companies are coming to the conclusion that they
can take on world-class software from SAP if a preconfigured,
industry-based approach is used." About Answerthink Answerthink,
Inc. (http://www.answerthink.com) is a leading business and
technology consulting firm that enables companies to achieve
world-class business performance. By leveraging the comprehensive
database of The Hackett Group, Answerthink's business and
technology solutions help clients significantly improve performance
and maximize returns on technology investments. Answerthink's
capabilities include benchmarking, business transformation,
business applications, business intelligence, and offshore
application development and support. Founded in 1997, Answerthink
has offices throughout the United States and in Europe and India.
About Precimed PRECIMED is a high-growth manufacturer and developer
of surgical orthopedic products. Global operations are
headquartered in Switzerland with facilities in the US, UK, Japan
and Asia. Precimed began as a precision cutting tool manufacturer
and became an independent private entity in 1988. With over 20
years experience in the medical field current certifications
include EN46001, ISO9001 and ISO 13485; Precimed carries the CE
mark for all standard products and is an FDA registered company.
Manufacturing sites include state-of-the-art equipment, including
full product surface finishing capabilities, automated product flow
controls, state-of-the-art CAD/CAM interface, and extensive
industry experience and applications expertise. A well-established
research and development team relies on state-of-the-art technology
to provide innovative and cutting edge design and development
solutions to customers and the orthopedic industry. This includes a
focus on the creation and development of intellectual property.
With over 260 customers worldwide, sales and support include
Europe, North and South America, Africa, Asia and India. SAP, R/3,
mySAP, mySAP.com, xApps, xApp, SAP NetWeaver and other SAP products
and services mentioned herein as well as their respective logos are
trademarks or registered trademarks of SAP AG in Germany and in
several other countries all over the world. All other product and
service names mentioned are the trademarks of their respective
companies. Data contained in this document serves informational
purposes only. National product specifications may vary. This press
release contains "forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995 and involve
known and unknown risks, uncertainties and other factors that may
cause Answerthink's actual results, performance or achievements to
be materially different from the results, performance or
achievements expressed or implied by the forward-looking
statements. Factors that impact such forward-looking statements
include, among others, the ability of the products, services, or
practices mentioned in this release to deliver the desired effect,
our ability to effectively integrate acquisitions into our
operations, our ability to attract additional business, our ability
to effectively market and sell our transformation advisory product
offerings and other services, the timing of projects and the
potential for contract cancellations by our customers, changes in
expectations regarding the information technology industry, our
ability to attract and retain skilled employees, possible changes
in collections of accounts receivable, risks of competition, price
and margin trends, changes in general economic conditions and
interest rates as well as other risks detailed in the Company's
Annual Report on Form 10-K for the fiscal year ended December 31,
2005 filed with the Securities and Exchange Commission. We
undertake no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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