SOURCE: RampRate

September 18, 2006 08:00 ET

RampRate Appoints Edwin Grogan as CTO to Assist Companies With Business-Critical IT Sourcing

IT Veteran Brings More Than 25 Years of Data Center and Infrastructure Experience

SANTA MONICA, CA -- (MARKET WIRE) -- September 18, 2006 -- RampRate, Inc., the trusted advisor on Information Technology outsourcing and strategic research, today announced the appointment of Edwin Grogan as Chief Technology Officer. Grogan has more than 25 years of experience conceptualizing, building and running data centers and IT infrastructure for some of the largest finance, communications, transportation and media and entertainment companies in Europe and the United States.

As CTO, Grogan will oversee the strategy behind the expansion and ongoing operation of RampRate's powerful, proprietary Service Provider Intelligence Index (SPY Index™), a data-analysis application containing market prices, service levels and vendor profiles that allows RampRate advisors to quickly match client requirements with vendor capabilities for a client's IT needs, costs and priorities. Grogan also will contribute to the company's benchmarking and vendor-management products, and provide technical insight for other RampRate team members across all practice areas. Grogan will also work with clients in the investment community to provide fast, accurate assessments of IT infrastructures during due diligence on mergers and acquisitions.

"Eddie Grogan's extensive experience in IT outsourcing, technology planning, cost reduction, engineering and operations, along with his proven track record of project execution and operations management, will be invaluable as RampRate continues to expand quickly, penetrating new markets and extending our reach in existing ones," said RampRate Chairman and CEO Tony Greenberg. "Eddie's proven experience with Fortune 500 enterprises, media markets, and financial services amplifies RampRate's already proven ability to help clients make timely, cost-effective IT sourcing decisions."

Grogan most recently was CEO, senior managing partner and co-founder of New London Associates, a New York-based software-development and consulting firm. Previously, Grogan was SVP and CTO of technology infrastructure of JP Morgan Chase's retail banking operations, known as Chase Financial Services, where he was responsible for all aspects of technology, including operational oversight, IT services vendor relationships, application integration, a program-management office and service management.

Before Chase, Grogan was head of IT Service Delivery at Time Warner Inc., where he was responsible for IT operations and management, technical architecture, and engineering for Time Warner's corporate and global shared-service functions. While at Time Warner, Grogan led the IT integration of AOL and Time Warner, including integration of financial and HR systems, creation of a company-wide staff directory and construction of AOLTimewarner.com. Prior to Time Warner, Grogan held senior management positions at Turner Broadcasting and DHL Worldwide Express. Earlier in his career, Grogan also held positions at Exxon Office Systems, Alacra and British Telecom. Grogan received a Bachelor of Science degree in electrical engineering from Acton Technical College in London, England.

"I'm excited to join RampRate's team of sourcing advisors to expedite all phases of procurement and management of IT outsourcing," Grogan said. "Complex analysis needs, incomplete data and lengthy approval cycles are making in-house procurement a costly proposition. RampRate fixes those problems for clients. I'll be closely involved with the continuing development and ongoing operations of RampRate's SPY Index, as well as our benchmarking and vendor-management products. The company's goal is to help clients accelerate the sourcing process, while reducing their costs and improving the quality of their relationships with their vendors."

About RampRate

RampRate is the authority on Information Technology Outsourcing Services, and offers procurement and lifecycle management and business planning research. RampRate's advisory experts work closely with technology-dependent businesses to ensure their IT sourcing decisions are achieved quickly and affordably for a wide range of services including hosting, content delivery, streaming, telecom, messaging, desktops and bandwidth. By leveraging the company's extensive vendor portfolio and its data-driven SPY Index, RampRate is transforming the IT sourcing industry to reduce procurement costs and bring more value to both customers and vendors with significant cost and time savings. As a result, RampRate reduces the decision making time from months to weeks saving businesses on average 30+ percent. RampRate's customers include CBS, Microsoft, Sony, Knight Ridder, Primedia and iFilm and dozens market leaders. Privately held, RampRate was founded in 2001 and is based in Santa Monica, Calif. with offices in Boston, Chicago, New York, Phoenix, Portland, and Seattle. For more information, visit www.ramprate.com.

About the SPY Index™

RampRate's proprietary SPY Index™ (Service Provider Intelligence Index) is a robust database of pricing, service level, and vendor capability assessments, developed from RampRate's historical transactions, partnerships with industry analysts, end-customer interviews, and vendor profiles. The SPY Index provides RampRate sourcing experts with a data driven tool to facilitate IT decision analysis and IT outsourcing processes 3/4ensuring the right investment decision is being made in the initial procurement and ongoing life cycle of client-vendor relationships. Leveraging the SPY Index, RampRate's sourcing advisors help businesses dramatically accelerate the sourcing process while reducing costs and improving the quality of the vendor relationships. For more information on SPY Index, go to www.ramprate.com.

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