SOURCE: IntelliSource Inc.

January 23, 2006 12:59 ET

IntelliSource Announces Launch of New Business Process Outsourcing (BPO) Company and Appointment of David Kaminski, Former Microsoft Executive as President

IntelliSource Addresses Growing BPO Services Requirements for Midsized Global Organizations

RENO, NV -- (MARKET WIRE) -- January 23, 2006 -- IntelliSource today announced its debut as a new company and provider of global BPO consulting services for worldwide midsize organizations. A wholly-owned subsidiary of Vengroff Williams and Associates, a leading provider of receivables management solutions, IntelliSource enables midsized companies to quickly outsource various levels of BPO back office to increase business flexibility, operational efficiency and reduce costs.

Former Microsoft Executive to Lead IntelliSource Management Team

David Kaminski, an industry veteran with extensive, global Financial Services experience, has been appointed to the role of President of IntelliSource. Prior to joining IntelliSource, David served as Asst. Treasurer/ Chief Credit Officer of Microsoft for 9 years and President of Microsoft Capital for three years. At Microsoft, David managed an accounts receivable portfolio of $7 billion per month with a staff of 300 personnel. His fiduciary responsibility included operations in 182 countries, 16 currencies and 24 languages. In 2002, he created and managed Microsoft Capital Corporation, a captive finance company. He served as President of Microsoft Capital Corp for three years, leading a team which deployed $500 million in capital to 5,000 end users in nine countries. David's broad experience also includes several roles within treasury and finance operations at Compaq Computer, Scientific Atlanta, and Genstar Corporation.

"The benefits of BPO have been widely touted, yet midsized companies have historically been limited in their ability to leverage BPO due to the costs and lengthy implementation times associated with full-scale outsourcing projects," stated David Kaminski, President of IntelliSource. "IntelliSource has combined vast industry and business process expertise with best-of-breed technology and services to help clients achieve critical business objectives such as optimal business performance, increased revenue, and productivity, enabling companies to devote more time and resources to their core businesses."

Innovative Offerings and Selected Partners Address Multiple Levels of BPO

By combining extensive industry expertise, proven best practices, best-of-breed solutions and market-leading partners, IntelliSource offers comprehensive, end-to-end solutions which enable fast-growth global companies to quickly outsource various levels of BPO back office including:

--  Order-to-cash
--  Management Reporting
--  Vendor and Payment Processing
--  Payroll and Benefits Administration
--  Consultation
--  Staffing
    
"The addition of IntelliSource, within the group of VWA companies enhances our BPO offering to the mid-market place," stated Mark Vengroff, CEO of Vengroff, Williams & Associates, Inc. "IntelliSource is able to leverage VWA's existing infrastructure, global operational centers, internal analytics and 40 year reputation, to bring proven practices into their service offerings. This brings immediate value to IntelliSource and their clients."

About IntelliSource

IntelliSource is a leading global provider of Business Process Outsourcing consulting services dedicated to delivering a full spectrum of functions from business processes to applications to infrastructure. IntelliSource offers comprehensive end-to-end solutions for organizations seeking to equip themselves for the growing complexity of today's business environment by applying vast industry expertise and best practices to allow for full accountability of the multiple levels of BPO back office functions to drive operational efficiency and realize cost reduction to an organization's bottom-line. Headquartered in Reno, Nevada, IntelliSource is a subsidiary of Vengroff Williams and Associates, a leading provider of receivables management solutions. For more information on IntelliSource, visit www.intellisourceinc.com or telephone 775-828-6007.

Contact Information

  • Press Contacts:
    Beth Trier
    Trier & Company
    (415) 285-6147
    Email Contact

    Robert Sherman
    Vengroff, Williams & Associates, Inc.
    (714)-889-6202
    Email Contact