G1SG Doubles Revenue in 2005
New Executive VP of Sales and Marketing Joins from Hewlett Packard
HOUSTON (January 30, 2006) – Global 1 Source Group, a leading business consulting and information technology (IT) services company, announced that its 2005 revenues were 105 percent higher than in 2004 and that gross margins improved 11 percent compared with the previous year. The privately held company also disclosed that Brian A. Oswald, a G1SG advisory board director, joined G1SG in the fourth quarter as its full-time executive vice president of sales and marketing.
G1SG’s business consulting practice led the 2005 growth, primarily from Information Technology compliance services largely driven by Sarbanes-Oxley regulatory requirements and SAS70 preparation services. Multiple business/technology alignment engagements in Texas, Oklahoma and Kentucky, and call center re-engineering services, also drove revenue.
Custom business applications developed by G1SG in 2005 included workforce scheduling and inventory tracking systems, in addition to migrating code from older, hacker-vulnerable platforms.
Outsourcing and infrastructure services also achieved new revenue levels, with key offerings in network management/monitoring and hosted information technology services. G1SG also launched new VoIP readiness services and IPv4 to IPv6 Internet Protocol transition services.
“Many clients last year utilized our full range of business consulting and technical services, resulting in a solid year for G1SG,” said James A. Taylor, chairman and chief executive officer. “Our focus on helping clients become process-driven organizations while aligning IT to meet the business objectives will continue to provide competitive advantage for us in 2006.”
Mr. Taylor added: “Brian Oswald’s 25 years of experience in the information technology industry managing various sales, marketing and business operations will help G1SG and our clients grow faster and better. His addition to the team has already had a positive effect for 2006.”
Most recently, Brian served as director for the America’s Small & Medium Business Sales for Hewlett-Packard. His career with HP included executive sales assignments in New Zealand and Singapore, working for Compaq Computer and Digital Equipment Corporation.
About Global 1 Source Group
Global 1 Source Group (G1SG) helps clients grow revenue, control information technology costs, meet compliance requirements, and ensure that IT is aligned to meet business objectives. G1SG offers business consulting, infrastructure services (converged networks, contact centers, data centers, security and compliance), business applications and development, customer relationship management, project management, and business process outsourcing including IT managed services. With offices in Houston and Dallas, G1SG provides local resources with global reach and world-class expertise. More information is available at www.G1SG.com.
Houston Technology Center
Houston Technology Center (HTC) is a business accelerator that assists Houston-based emerging technology companies in key sectors such as: Energy, Information Technology, Life Sciences, Nanotechnology and NASA-originated technologies. See www.houstontech.org for more information.