SOURCE: RampRate

June 13, 2006 08:00 ET

RampRate Sourcing Advisors Bolsters Market Momentum With New York Office

New Office to Support Growing Regional Demand for Information Technology Sourcing Advisory and Strategic Research Services

SANTA MONICA, CA and NEW YORK, NY -- (MARKET WIRE) -- June 13, 2006 -- RampRate, Inc., the authority on Information Technology Outsourcing that provides advisory and strategic research services, today announced that it has opened a New York City office in response to strong regional demand from top media & entertainment, and financial services organizations headquartered in the region. By leveraging RampRate's services, these businesses can reduce the IT sourcing decision making time from months to weeks and save an average of 30% in their IT investments.

RampRate's New York team is led by Michael Hoch and Steve Lerner. Michael Hoch is the vice president of Research/Operations at RampRate, and oversees the company's primary research activities, SPY Index development and operations, and IT outsourcing analysis for RampRate clients. His previous experience includes research at Aberdeen Group and Harvard University. Steve Lerner, Practice Leader, Content Delivery Networks (CDN) and Management at RampRate, has worked on large-scale content networking, storage, and delivery for over 13 years. At Speedera Networks, he built and managed the market's second-largest CDN service that was eventually sold to Akamai.

"The market demand for IT sourcing is booming as more and more businesses realize the importance of saving time and money," said Tony Greenberg, CEO of RampRate. "Our expansion in New York City speaks to the increasing need for IT sourcing services across the country. We have assembled a top-notch leadership team on the East Coast to meet this growing demand as well as ensure companies that their IT sourcing decisions and contracts accurately reflect business, cost and quality objectives. Committed to reducing the complexity of IT sourcing and delivering cost and time savings to vendor and customer alike, RampRate provides data-driven sourcing analysis while exposing clients to next generation technologies from the broadest possible marketplace."

The powerful combination of RampRate's vendor portfolio and SPY Index™ (Service Provider Intelligence Index), allows businesses to significantly reduce costs and time to market. RampRate's SPY Index is an integrated data bank of cost, service level, and vendor profiles aggregating the company's superior portfolio of strategic vendor partnerships. Facilitating hundreds of IT sourcing transactions, RampRate's sourcing services result in a success rate of over 98 percent, compared to 44 percent of outsourcing engagements initiated through traditional methods. RampRate focuses on on-shore specialties such as hosting, content delivery, streaming, telecom, messaging, helpdesk, and bandwidth sourcing services. In addition to greatly reducing risk, customers often save an average of 30 percent in an initial engagement. RampRate customers include CBS, Microsoft, Sony, Knight Ridder, iFilm and dozens of other market leaders.

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 of market leaders. Privately held, RampRate was founded in 2001 and is based in Santa Monica, Calif. with offices in Atlanta, Boston, Chicago, Seattle, and New York. 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 -- ensuring 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.

Contact Information

  • Contact:
    Donna Michaels
    Loughlin/Michaels Group
    (408) 393-5575
    Email Contact