Paranet Solutions Introduces ParaVerify IT
IT Asset Verification Methodology is critical for ensuring comprehensive M&A due diligence
DALLAS, TEXAS, August 3, 2010 – Paranet Solutions, a leading IT infrastructure systems integration and consulting firm, announced today the launch of ParaVerify IT™ - an Information Technology (IT) due diligence methodology that is quickly proving invaluable to private equity firms across the country.
ParaVerify IT is a comprehensive solution that is able to uncover hidden deficiencies, and verifies the ‘claimed’ strengths and value in a company’s IT systems and processes. This solution is most useful and valuable during a merger or acquisition because it specifically targets areas that are often overlooked in the due diligence process. By identifying problems prior to purchase, ParaVerify IT eliminates surprises and reveals pitfalls that could require a significant post-acquisition financial investment.
“ParaVerify IT is addressing a real business need that often goes unnoticed until after the due diligence phase of an acquisition – and that’s obviously too late,” says Alan Bratton, CEO of Paranet Solutions. “The IT assets of a company play a critical role in all operations; and their capabilities are a catalyst in the success or failure of a company in a post-acquisition environment. The same level of scrutiny that goes into the validation of financial, legal, human capital and product/market assets should also go into a company’s technology assets.”
In application, ParaVerify IT assesses current systems, and identifies what it will take to correct any technical areas that present potential liabilities, are inefficient, or just don’t live up to the hype. It also identifies alternatives for merging and/or strategies for effectively upgrading IT operations. Prior to launching ParaVerify IT, the Company conducted this type of due diligence at dozens of companies in a wide range of industries. Each company was able to realize significant financial benefit by either paying a lower purchase price for the acquired company or by making smart operations decisions immediately after acquisition.
About Paranet Solutions, LLC
For nearly 20 years, Paranet Solutions has provided companies of all sizes with top tier technology solutions and services, enabling them to increase security, reduce risk and achieve greater operational value while focusing on their core business. From our headquarters in Dallas, Texas our team serves clients all over the US and abroad for our clients with international operations. For more information, visit www.paranet.com.
Contact:
Elizabeth Peichel
(214) 336-8344
epeichel@peichelcom.com
