Changepoint Corporation

Changepoint Corporation

February 03, 2014 09:00 ET

Changepoint's Emergence as Independent Enterprise Drives Next Phase of Growth

TORONTO, CANADA--(Marketwired - Feb. 3, 2014) - Changepoint Corporation begins operations today as a standalone company following the completion of its sale to Marlin Equity Partners, a global investment firm with over $2.6 billion of capital under management. Changepoint Corporation is headquartered in Toronto, Canada, and continues to conduct business and serve customers in its key global markets.

Building on its recognized market leadership and tenure in the industry, Changepoint will further advance its growth strategy by serving embedded and standalone service organizations in the technology sector, as well as global corporate IT organizations. The company's Changepoint solution is widely acknowledged by customers as a key platform for driving financial health, productivity and customer satisfaction.

"This acquisition and the new Changepoint organization are important milestones in our pursuit of market leadership," explains Lori Ellsworth, President of Changepoint. "We play a very strategic role for our technology service and IT customers, and we owe it to them to be the best long-term partners we can be. We will remain focused on our business strategy, but with a renewed momentum resulting from this strategic change. Marlin Equity Partners and Changepoint share a common goal -- to support our customers, grow the business and capitalize on the market opportunity before us."

News of Changepoint's acquisition has been heralded by employees, customers, partners and industry analysts.

"Changepoint's ability to manage the entire lifecycle of the engagement has been invaluable as we have scaled the solution over the years. We are excited for the Changepoint team as they embark on a growth phase of their own, and we look forward to continuing our successful partnership," says Michele Bleser, Managing Director of Technology, Slalom LLC.

Gartner, on 15 January 2014, published a report titled: Changepoint Set Free to Test Global Markets, Cloud Offerings.1 To read full report click here.

About Changepoint

Changepoint manages critical customer business processes allowing technology services and IT teams to deliver more customer value, make smarter business decisions, and achieve new efficiencies, while operating with strong financial acumen. Recognized year over year as a market leader, Changepoint's professional services automation and project portfolio management software is relied upon by leading technology companies, and service focused IT organizations worldwide. Changepoint is headquartered in Toronto, Canada. For more information visit www.changepoint.com.

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1Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

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