NoName
06-27-2002, 06:40 AM
http://www.towers.com/towers_publications/tillinghast_publications/classic_solutions/index_classic_sol.htm
It must be a good acquisition because it will "leverage their combined resources" and "capitalize on the synergy".
Tillinghast - Towers Perrin plans to take a majority stake in Australian-based Classic Solutions. The two firms plan to merge their respective software operations into a single organization and to integrate Tillinghast's TAS Tillinghast Actuarial SoftwareŽ with Classic Solutions' signature financial modeling software, MoSes. By combining MoSes and TAS, our clients can expect a modeling tool that combines a highly flexible, easy-to-work-in environment with an expanding array of application functionality - one that we believe will quickly become the undisputed market leader.
The combined organization will retain the Classic Solutions name, and will continue to operate as an independent entity. In addition, Classic Solutions' current chief executive officer, Mark Schneider, will continue to serve as CEO of the newly organized company and will continue to be based in the Australian Classic Solutions office.
This agreement will allow both organizations to leverage their combined intellectual capital and resources. Going forward, the new company will capitalize on the synergy between Tillinghast's expertise in consulting to the financial services industry and the combined experience in developing financial modeling systems.
It must be a good acquisition because it will "leverage their combined resources" and "capitalize on the synergy".
Tillinghast - Towers Perrin plans to take a majority stake in Australian-based Classic Solutions. The two firms plan to merge their respective software operations into a single organization and to integrate Tillinghast's TAS Tillinghast Actuarial SoftwareŽ with Classic Solutions' signature financial modeling software, MoSes. By combining MoSes and TAS, our clients can expect a modeling tool that combines a highly flexible, easy-to-work-in environment with an expanding array of application functionality - one that we believe will quickly become the undisputed market leader.
The combined organization will retain the Classic Solutions name, and will continue to operate as an independent entity. In addition, Classic Solutions' current chief executive officer, Mark Schneider, will continue to serve as CEO of the newly organized company and will continue to be based in the Australian Classic Solutions office.
This agreement will allow both organizations to leverage their combined intellectual capital and resources. Going forward, the new company will capitalize on the synergy between Tillinghast's expertise in consulting to the financial services industry and the combined experience in developing financial modeling systems.