The Intersect Group Meets IT Outsourcing Needs for Vyyo
Broadband Access Equipment Provider Enhances Operational Efficiency
ATLANTA—September 30, 2008—The Intersect Group, the premier provider of IT and finance & accounting consulting and project management services, today announced a successful IT outsourcing engagement with Vyyo, a supplier of broadband access equipment for cable system operators. The decision to outsource its IT services to The Intersect Group was made by Vyyo in conjunction with a recent consolidation and move of it headquarters to the U.S., and is expected to provide the now Atlanta-based company significant operational benefits.
“The Intersect Group provides tailored services that meet the specific needs of our situation,” said Rob Mills, Vyyo’s CFO. “Its business model provides for the flexibility to meet our needs even as our needs continue to evolve.” By focusing on its core competencies and outsourcing the management of its IT operations, Mills anticipates better company performance and more rapid market penetration.
Prior to this IT outsourcing engagement, Vyyo had engaged the multi-faceted The Intersect Group in another capacity: Sarbanes-Oxley compliance. Vyyo, formerly based in Israel, tapped Intersect consulting to test its internal controls per SOX compliance standards.
“We are pleased to continue our productive relationship with Vyyo,” said Wade Hughes, consulting practice partner at The Intersect Group. “Unlike companies offering either IT services or F&A services, The Intersect Group allows clients to benefit from our multi-disciplinary perspective that considers overall organization impact—and accelerates growth.”
The Intersect Group began its most recent engagement with Vyyo with an analysis of technology needs and business issues. Experienced technical resources were assigned and a cost-effective delivery model implemented. Resources include outsourced day-to-day support and a dedicated CIO serving in a strategic role. As a result, systems have been streamlined, long-standing issues resolved and services added to better serve Vyyo’s essential business locally and internationally.
About Vyyo Inc.Vyyo Inc. (NASDAQ: VYYO) delivers to cable system operators a powerful, economic platform with fiber-like performance that extends their dominant bandwidth position over the competition and drives new revenues. Vyyo's UltraBand™ spectrum overlay technology expands typical HFC (hybrid-fiber coax) network capacity in the "last mile," cost-effectively offering the only solution that quadruples upstream and doubles downstream bandwidth to help operators deliver new, advanced residential and business services at a fraction of the cost of fiber deployments. Vyyo is based in Norcross, Ga. More information is available at http://www.vyyo.com.
About The Intersect Group
The Intersect Group, founded in 2006, is a different and better business partner. The Intersect Group creates unparalleled value for its clients by combining industry-leading consulting capabilities with comprehensive staffing and recruitment services. Clients trust The Intersect Group to deliver results based on their deep expertise and proven resources within finance, accounting, and information technology. Through The Intersect Group’s flexible delivery approach, you get the right solution, at the right time to accelerate your success and achieve all of your mission-critical objectives.
Since inception, The Intersect Group's revenue has grown 1600 percent, posting $3 million in revenue in its first year and a record $49 million in annual revenue at the end of 2012. The Intersect Group is one of the top 500 fastest growing privately held companies in the United States, as determined by Inc. magazine. The Intersect Group's 420 employees serve clients nationwide from offices in Atlanta, GA and Dallas, TX.