News @ TPI
EquaTerra and TPI Sign Merger Agreement, Announce New Company Name and Leadership
Name promotes the legacy of each firm, and creates platform for industry innovation
HOUSTON and NEW YORK, March 10, 2006 — EquaTerra and TPI, Inc. today announced the signing of their merger agreement. Closing is anticipated later in February, 2006.
Additionally, the firm has selected a new name that embodies the values, objectivity and heritage of both firms – Veritage. The name, rhyming with heritage, symbolizes the integrity and the expertise each firm has delivered to their clients over the years. The firm will continue its leadership and innovation in the industry as it begins operating as Veritage upon closing.
“It was important to our employees that we preserve the best practices, history and principles from each firm. We chose a name that leverages the expertise and learnings of each company, and one that will help position us as the leader in the outsourcing and business transformation industry,” commented Ed Glotzbach, CEO of the new firm post-closing. “Veritage will provide clients deeper market knowledge and broader functional expertise with greater global scale and innovation than either company could provide on its own.”
In addition to Ed Glotzbach as CEO, Veritage will also be led by President and COO, Mark Toon, and a post-close operating leadership team to include:
- Corporate Development, Mark Hodges
- Chief Financial Officer, Ron Lacy
- Human Resources, Martha Preston
- Market Development, Peter Allen
- Knowledge Services, Mark Hodges and Peter Allen
- Public Sector, Glenn Davidson
- Outsourcing Management / Sourcing Management, David Karabinos
- Global Advisory Operations, Mark Mayo
- Americas, Bill Weathersby
- Europe and Asia-Pacific, Duncan Aitchison
- Global Account Management, Pat Blake
With almost 600 employees based around the globe, the firm will provide strategic advice and implementation assistance for clients as they transform their business functions in key areas such as outsourcing, shared services, insourcing and captive center implementation.
About EquaTerra
EquaTerra (www.EquaTerra.com) is focused solely on providing global corporations with outsourcing and insourcing advisory, research and governance services that enable them to achieve service delivery excellence for their administrative processes. EquaTerra's advisors average more than 20 years of industry, service provider and process experience with functional leadership in Finance & Accounting, HR, IT and Procurement, and have been involved in over 600 global business transformation, outsourcing and outsourcing management projects.
About TPI
TPI is the sourcing advisory industry founder, and the largest advisory firm in the world focused on a broad range of business support functions and related research methodologies. Applying deep functional domain expertise of accomplished industry experts who possess extensive practical experience, TPI collaboratively works with organizations to help them optimize their business operations through the best combination of insourcing, offshoring, shared services and outsourcing.