SOURCE: Entigo

March 01, 2005 07:02 ET

Entigo Undergoes a Management Buy-Out

Change in Strategy Will Result in Market Expansion

EXTON, PA -- (MARKET WIRE) -- 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 longstanding 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 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.

Entigo, Entigo Warranty and Entigo Warranty on Demand are trademarks of Entigo Corporation.

Copyright © 2005 Entigo Corporation

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