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Industry Leaders Launch Vesta Partners, LLC

Focused on becoming the premier SAP PM (EAM) and Maintenance Management consulting firm in North America.

Stamford, CT - March 29, 2006 - Vesta Partners LLC, a consulting group comprising key senior management personnel who specialize in Maintenance Management and Enterprise Asset Management Technology Services, announces today that it has opened its new headquarters in Stamford, Connecticut. The group provides real-world experiences and practical solutions for large and mid-size manufacturing, industrial and facility based companies. Vesta brings a proven track record of delivering quality maintenance and EAM software solutions through their experience of working with some of the leading companies in America.

Kahn Ellis, a Partner at Vesta, leads the Strategic Planning and Solutions Development efforts. Prior to joining Vesta, Mr. Ellis served at SAP as Lead Solutions Manager for Enterprise Asset Management in North America. "I am excited to be part of Vesta and we are committed to delivering the highest quality maintenance management and SAP PM consulting solutions in the industry. My partners and I have years of experience on the factory floor in addition to the key management functions that deal with operations. Each partner brings to Vesta a very diverse portfolio of knowledge. We understand all levels of our customer's organization and are focused on delivering results that directly translate into efficiency improvements and real cost savings," states Mr. Ellis.

The Vesta management team consists of:

Kahn R. Ellis - Partner
As a recognized expert in maintenance and reliability, Mr. Ellis is frequently a featured speaker at industry events and seminars. Prior to joining Vesta, he was with SAP serving as lead Solution Manager for Enterprise Asset Management in North America. Having worked directly for SAP in various roles associated with maintenance management, he is an expert in making companies successful using SAP for EAM. Mr. Ellis is committed to maintenance excellence and ensuring that Vesta customers get full value out of their investments in SAP for Enterprise Asset Management.

Carl D. Graves - Partner
Mr. Graves leads the Finance, Human Resources and Administrative functions of the company. Prior to joining Vesta, Mr. Graves was the Chief Financial Officer of GenesisSolutions, a service provider in the EAM space. In that role he planned and directed internal programs that enabled GenesisSolutions to grow from start-up phase to more than 100 personnel with nearly $20 million in services revenue. Mr. Graves has more than 17 years of experience with finance and administrative programs over a broad range of organizations. He is responsible for building and implementing internal processes and systems that support Vesta's strategic and operating plans.

Michael R. Maiolo - Partner
Mr. Maiolo leads the Sales and Marketing efforts of the company. He is responsible for building the Vesta brand, managing account development and coordinating all sales activities for the organization. Prior to Vesta, he was the Vice President of Strategic Development for GenesisSolutions, a services provider in the EAM space. At Genesis, he was responsible for strategic planning, business development, product development and all sales and marketing activities of the company. Mr. Maiolo is focused on developing long-term working relationships with valued customers and ensuring that the Vesta service offerings bring financial benefit to its clients.

Christopher J. Meyers - Partner
Mr. Meyers leads Operations and Corporate Business Development for the company. He is responsible for expanding the business through organic growth, industry partnerships and key strategic acquisitions. Prior to joining Vesta, he was with Spinnaker Venture Partners and Carlyle Venture Partners where he invested in early stage technology companies. He has worked closely with numerous companies and management teams on developing and executing corporate strategic plans across a variety of industries and markets. Mr. Meyers is focused on building Vesta into a world-class organization through people and partnerships.

Benjamin J. Mansi, PE - Vice President
Mr. Mansi leads the professional services group of the company, focused on EAM consulting. His responsibilities include managing and staffing functional consultants, marketing Vesta capabilities and assisting with the delivery of EAM system solutions. Prior to joining Vesta, Mr. Mansi spent 10 years with IBM Global Services as a Service Area Manager, SAP functional consultant and project leader. Mr. Mansi is SAP certified in Plant Maintenance. Mr. Mansi is committed to excellence in delivery by ensuring that Vesta projects meet all customer expectations.

Terry L. Wireman - Vice President and Board Member
Mr. Wireman provides strategic guidance to Vesta and helps the company shape its market strategy and long-term direction. As an international expert in maintenance management, he has assisted hundreds of clients in North America, Europe, and the Pacific Rim to improve their maintenance effectiveness. In addition, he has authored twelve books and numerous white papers and articles related to maintenance management process and technology. Mr. Wireman has granted Vesta an exclusive license for the use and delivery of his proprietary methodologies for maintenance and reliability. He also serves as Editorial Director for Maintenance Technology magazine and Editor of Lubrication and Fluid Power magazine. Mr. Wireman is committed to keeping Vesta on the forefront of thought leadership pertaining to maintenance and reliability strategies.

Mike Maiolo, a Partner at Vesta states, "A great deal of thought and planning went into developing this team and this company. Each of us shares the same vision and we are very focused on leveraging our base of experiences to make our customers more successful. We built our company around one core goal- delivering significant financial results to our customers. From the educational initiatives we offer to the SAP PM Systems analysis and implementations we perform, Vesta delivers value to its customers."

Mr. Maiolo continues, "One of the key differentiators for our firm is our focus on bringing together industry best practices in maintenance management, with a practical and systematic approach to implementing EAM systems. To that end, we have acquired the rights to all of Terry Wireman's intellectual property related to maintenance management. Our vision in starting this firm was to bring together Terry's proven approach to maintenance, with Kahn's passion for using SAP for plant maintenance. Finally, we hired Ben Mansi, who ran IBM's SAP EAM services practice, to lead our professional services group and help us build the best team of consultants in the industry. That combination represents a powerful approach and as a result Vesta is off to a great start."

"There are many complimentary software providers that enhance the usability and performance of SAP's EAM solution," states Chris Meyers, Partner with Vesta. "In addition to developing the strongest team of consultants in the industry, we are committed to building strong partnerships with key software companies that improve our total value proposition."

With a disciplined approach based on effective project management, proven methodologies and proper technology solutions, Vesta Partners provides companies the benefit of years of experience in maintenance management consulting services coming from a variety of perspectives.

About Vesta
Vesta Partners is a professional services company with deep domain expertise in maintenance management. Our approach combines industry best practices with practical technology solutions that provide our customers with a competitive edge. We help our customers shift their maintenance operations from a necessary cost center to an enterprise improvement platform.


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For more information, contact:

Andy Bellagamba
Vesta Partners, LLC
60 Long Ridge Road, Suite 403
Stamford, CT 06902
203-517-0400
abellagamba@vestapartners.com

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Vesta Partners Service Offerings:

SAP for EAM >
  • Project Readiness Review
  • System Analysis
  • Full EAM Project Services
  • Planning and Scheduling Improvements
  • SAP Release Delta Workshops
  • Third Party Solution Support
  • SAP Maintenance Training Workshops
Maintenance as a Business >
  • Core Maintenance Assessment
  • Benchmarking Best Practices
  • EAM System Readiness
  • Financial Optimization
  • Inventory and Stores
  • Key Performance Indicators
  • Maintenance Functional Processes
  • OEE Baseline Assessment
  • Organizational Structure
  • Preventive Maintenance
  • ROI Determination
  • System Utilization Review
  • Work Order Process
Integration & Intelligence >
  • MII
  • RCMO
  • Business Intelligence
  • Maintenance Assignment and Scheduling
  • User Experience

50%

Participants in a recent survey reported that only 50% of the maintenance and repair spares were tracked in the CMMS.

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