Exhibit 99.1
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CONTACT:
The Management Network Group, Inc. or Brainerd Communicators (for TMNG)
Janet Hall Olga Shmuklyer (Media)
Janet.Hall@tmng.com shmuklyer@braincomm.com
800.876.5329 x340 Corey Kinger (Investors)
kinger@braincomm.com
212.986.6667
S3 Matching Technologies
Jim Moore
JMoore@S3.com
512.300.9232
TMNG AND S3 MATCHING TECHNOLOGIES TEAM TO MIGRATE ENTERPRISES
TO INTERNET PROTOCOL NETWORKS
Offering Will Reduce Costs and Ease Transformation from
Circuit Switched Environment
Overland Park, KS and Austin, TX - December 19, 2005 - The Management Network
Group, Inc. (Nasdaq: TMNG), a leading provider of management consulting services
to the global communications industry, and S3 Matching Technologies, a software
company that invented TeraMatch(R), an automated reconciliation program for
telecom inventory databases, today announced a partnership to create a complete
offering to ease the migration of companies from circuit switched to Internet
protocol (IP) networks. The move to IP networks is not optional for enterprises;
it is an essential component of long term communications strategies.
TMNG will bundle S3's enterprise business systems for inventory management,
order management, invoice forecasting, and traffic management into its
proprietary solutions. The combination of these leading software products from
TMNG and S3 will facilitate critical data
management optimization and cost control for enterprises as they move to IP
networks. Under the terms of the agreement, TMNG will be the exclusive
third-party marketer and reseller of S3's software solutions to a defined client
base of service providers and partner outsourcers for use in telecommunications
applications. In addition, TMNG will have a non-exclusive right to market S3
services to other service providers. Financial terms of the partnership were not
disclosed.
"The transformation from circuit switched to Internet protocol networks is,
along with wireless migration, one of the key trends driving the global
communications industry, and one that enterprises across every industry are
grappling with," said Rich Nespola, Chairman and CEO of TMNG. "S3 Matching
Technologies has the premier software platform for optimizing data management
and easing the migration. By combining our professional services and
implementation expertise with S3's platform, we've developed an end-to-end
solution for the IP transformation needs of our clients. Working with S3, we
will be looking to drive significant financial return for clients as they move
to IP architectures, providing them with a complete, augmented suite of services
- - from analysis through implementation."
"TMNG brings a strong understanding of S3's software and capabilities of our
proprietary TeraMatch(R) technology and how S3 complements their unique,
hands-on work in managing enterprise transformation to IP environments," said
Jack Holt, CEO of S3. "This partnership creates a first of its kind offering for
enterprises faced with executing this massive transformation - a marriage of the
people-knowledge with the industry's most innovative yet practical technology.
Working with TMNG enables us to bring this expanded service offering to both new
and existing clients."
About TMNG
The Management Network Group, Inc. (Nasdaq: TMNG) is a leading provider of
strategy, management, marketing, and operational consulting services to the
global communications industry. With more than 400 consultants worldwide, TMNG
serves communications service providers, technology companies, and financial
services firms. Since the company's inception in 1990, TMNG and its subsidiaries
- -- TMNG Strategy, TMNG Marketing, TMNG Operations and TMNG Europe -- have served
more than 1,000 clients worldwide, including all the Fortune 500
telecommunications companies. TMNG is headquartered in Overland Park, Kansas,
with offices in Boston, Chicago, London, New York, San Francisco, and
Washington, D.C. TMNG can be reached at 1.888.480.TMNG (8664) or online at
http://www.tmng.com.
About S3 Matching Technologies (www.S3.com)
S3 is an Austin, Texas based company focused on providing hosted and installed
automated telecom business systems for the medium to large enterprise. S3's
patent-pending TeraMatch(R) technology powers its proprietary Telecom Supply
Chain Management applications to establish and maintain accurate inventories of
all telecom services, delivering unprecedented cost control and optimization.
This release contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve risks and uncertainties. In particular, any statements contained herein
regarding expectations with respect to future business, revenues or
profitability are subject to known and unknown risks, uncertainties, and
contingencies, many of which are beyond the Company's control, which may cause
actual results, performance, or achievements to differ materially from those
projected or implied in such forward-looking statements. Factors that might
affect actual results, performance, or achievements include, among other things,
conditions in the telecommunications industry, overall economic and business
conditions, the demand for the Company's goods and services, and technological
advances and competitive factors in the markets in which the Company competes.
These risks and uncertainties are described in detail from time to time in
TMNG's filings with the Securities and Exchange Commission.
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