SOURCE: Theoris Software, LLC

January 24, 2006 14:53 ET

Theoris, Inc. Announces Corporate Restructure

Company Continues Strong Growth, Restructure Delineates Market Focus to Better Serve Customers

INDIANAPOLIS, IN -- (MARKET WIRE) -- January 24, 2006 -- Theoris, Inc., a leading Business Intelligence software developer and consulting services firm, today announced it has reorganized its corporate structure to preserve market focus and efficiently manage rapid growth as it expands to meet wider market demand for its software product and services in the technology and life sciences industries. There is no change in the ownership with the restructure, which took effect January 1, 2006, creating separate business units.

The new structure creates Theoris Group, Inc., which contains shared administrative services for the three businesses now operating as separate entities.

--  Theoris, Inc. will continue its 21-year focus on providing state of
    the art information technology solutions to clients in multiple industries.
--  Theoris Software, LLC will drive the worldwide launch of its patent-
    pending enterprise product: Theoris Vision Software™.
--  Maetrics, LLC will continue the rapidly growing Life Sciences quality
    and compliance services practice, under a new name and logo to focus its
    competitive advantages in this highly specialized market.
"The organizational change gives us a strong platform to support our market expansion and growth initiatives," said Mike Cunningham, chief executive officer of Theoris Group, Inc. "To maintain market strength in separate industries, we have renamed the fast growing technology and software development company, Theoris Software, LLC and the highly successful Theoris Life Sciences consultancy has been renamed Maetrics, LLC. The new structure will allow us to build upon our valuable customer base in both industries, and more efficiently manage resources to target the separate markets. This change gives each of the business groups a strategic advantage, enabling them to advance deeper into fast-growing markets with a clear and differentiated value proposition. It is the right time to make this important structural change to ensure future success."

The restructure followed December news of a major expansion for Theoris Life Sciences, now Maetrics, LLC. The company announced plans to add jobs and facilities in order to triple the size of Maetrics, LLC, assisted by the State of Indiana, the City of Indianapolis, Indianapolis Economic Development, and the Indiana Private Industry Council Inc., providing incentives and guidance. In a December press conference, Indianapolis Mayor Bart Peterson said, "Theoris' decision to invest here in Indianapolis again reinforces our reputation as an outstanding location for companies in the life sciences industry to do business."

"Maetrics, LLC has long experience in the life sciences industry and we are seeing growing demand for services, as regulatory compliance issues increase," said Terry Spartz, VP and general manager, Maetrics, LLC. "Our customers are in an industry that is growing exponentially and we continue our goal to meet their business demands for high-level service. Maetrics is executing its plan for strategic growth, rebranding and restructuring to keep pace with its customers. We are prepared to deepen our relationships and broaden our reach in the life sciences market, and will maintain our reputation for quality service."

Theoris Group, Inc. remains one of the largest, privately held, professional services and technology companies in the Midwestern United States. The reorganization will allow the company to continue its 1984 founding mission to carry forward a standard of providing outstanding products and customer service. With its new structure in place, the company is poised to move to the next level in 2006.

About Theoris

Theoris Group, Inc. is a privately held company, founded as Software Synergy, Inc. in 1984 to provide business intelligence software and technology consulting services. Today it serves the marketplace through its three business units.

Theoris, Inc. provides consulting services, helping companies create, capture, and control vital business information.

Maetrics, LLC is focused in the Life Sciences, delivering risk-based strategies, methods, approaches, and software to solve business challenges with innovative solutions for Medical Device, Pharmaceutical, Nutritional/Foods, Biotech, and Healthcare companies. For more information, call (877) 623-8742 or visit

Theoris Software, LLC is a leader in enterprise business intelligence solutions, providing its next-generation Theoris Vision Software™ that quickly consolidates information from any data source for flexible monitoring via a dashboard that can be installed and running in two days. Companies dynamically communicate, organize, and interact with high-value business information from anywhere, without the need for programming, a data warehouse, an API, or changes to underlying systems. Sold directly, and via OEM relationships and resellers, Theoris Software is partnered with EDGAR-Online, IBM Alliance Network, and is an award winning Business Objects Technology Partner. For more information, call (866) 843-6747 or visit

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