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Broadmargin, Teldata Control Merge to Create Control Point Solutions, Inc.

Posted on: Wednesday, 8 September 2004, 06:00 CDT

RUTHERFORD, N.J. and FAIRFAX, Va., Sept. 8 /PRNewswire/ -- Broadmargin and Teldata Control, the top telecommunications expense management firms, today announced the completion of a merger that creates a clear leader in the growing telecom spend management market. The new company, Control Point Solutions, will manage more than $7 billion in telecommunications expenses for the large corporate, carrier, government and international markets.

The combined company, Control Point Solutions, offers a full suite of solutions to manage voice, data, wireless and equipment spend. Core offerings include outsourcing, software licensing and professional services. Broadmargin CEO Donald Lynch will serve as chairman of the combined companies, providing overall strategic direction and leadership. Teldata Control CEO Greg Carr will assume the position of vice chairman and CEO responsible for day-to-day management of the company.

"With billions of dollars of spend under management and clients in every vertical market, Control Point Solutions is the clear leader in telecom spend management," said Don Lynch, Control Point Solutions' chairman. "This combination will allow us to leverage scale to deliver the greatest sustainable results to our clients today and in the future."

"Control Point Solutions combines the best people, processes, technology and content," stated Greg Carr, Control Point Solutions' vice chairman and CEO. "We have the most tenured employees with the strongest industry expertise, SAS 70 certified processes, proven front and back-office technology, and the most robust data collection and analysis to help clients maximize sustainable returns."

According to Eric Goodness, Senior Analyst from Gartner, "Telecom expense management (TEM) is no longer a cottage industry. The strengths created through consolidation signals the birth of a bona fide IT services market segment, which is expected to grow to $1.2 billion through 2008. The growth of the market is based entirely on industry's strong track record of delivering substantial savings on a company's telecom spend."

About Control Point Solutions (http://www.controlpointsolutions.com/)

Formed by the merger of Broadmargin and Teldata Control in August 2004, Control Point Solutions is the leading telecom spend management firm, with more than $7 billion in spend under management at the time of the merger. The firms have reduced their clients' network expenses by more than $1.5 billion. Headquartered in Rutherford, New Jersey, Control Point Solutions has more than 400 employees and operations in seven states and overseas. We combine the best people, processes, technology and content to deliver proven results and continuous, sustainable Return on Investment to our clients.

Control Point Solutions

CONTACT: R. Gregory Jones of McCormick Communications, +1-908-876-5988,rgjones@mccpr.com, for Control Point Solutions

Web site: http://www.controlpointsolutions.com/

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