Broadmargin and Teldata Control (Booth 319), both telecom expense management firms, have completed their merger. The new company, Control Point Solutions, will manage more than $7 billion in telecommunications expenses for carriers, large corporations, government and international entities.
Broadmargin CEO Donald Lynch will serve as chairman of the combined companies, providing overall strategic direction and leadership. Teldata Control CEO Greg Carr will be vice chairman and CEO, responsible for day-to-day management of the company.
Control Point offers solutions to manage voice, data, wireless and equipment spending. Core offerings include outsourcing, software licensing and professional services.
With billions of dollars of spend under management and clients in every vertical market, Control Point Solutions is the clear leader in telecom expenses management, says Lynch. This combination will allow us to leverage scale to deliver the greatest sustainable results to our clients today and in the future.
Eric Goodness, senior analyst with Gartner Inc., says, Telecom expense management no longer is 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.
He says growth of the market is based on its ability to consistently deliver substantial savings.