Recent News
Cheshire, CT, September 5, 2008: Tamarack Management & Consulting is pleased to announce the formation of several new financial partnerships with Univest Capital and Westport Funding.
The new partnerships will allow our customers access to competitively priced leasing and finance options for their projects. Both companies will lease and finance hardware, software and services into a low affordable monthly payment at terms from 12 to 60 months.
“We are excited to add Univest Capital and Westport Funding to Tamarack’s family of services. These new partnerships allow our current and prospective clients the ability to lease or finance their projects over time. This coupled with Tamarack’s comprehensive suite of products and services will ensure the cost effectiveness and professional delivery of Best-In-Class information technology solutions.” Michael S. Simeone, President & CEO, Tamarack Management & Consulting.
About Univest Capital:
Univest Capital’s primary objective is to offer competitive business leasing and financing programs on products and services. Univest Capital is self-funded enabling them to hold and service their own portfolio – they don’t “sell paper” providing our clients with very competitive rates for equipment leasing and software financing programs.
Their small-ticket programs for transactions under $75,000 are fast, convenient and efficient with an “Application Only” credit criterion. Most credit decisions are made within 2 hours using a one page equipment lease or for software and services a one page installment payment agreement.
Their mid-ticket program focuses on transactions from $75,000 - $250,000, Univest Capital’s experienced sales personnel are resources to help take these transactions from proposal to close.
About Westport Funding:
Westport Funding, LLC is a well-established full service equipment leasing and finance company. They are experts at helping small to large-sized organizations obtain new hardware, software and services needed to become more competitive.
Westport Funding’s primary objectives are to provide structured finance, fixed option and operating lease programs. Their primary strength is the ability and willingness to structure custom lease transactions that fit your financial and technological requirements rather than try to "shoehorn" those requirements into a predefined program.
Their professional staff has a strong desire to see our customers succeed, and demonstrate that by the personal attention they give each client. Gary Plewak and Bob McIntyre are the principal owners of Westport Funding. They each have 25+ years of experience in the equipment leasing business and have financed in excess of $1 billion of equipment and services.
About Tamarack Management & Consulting:
Tamarack Management & Consulting is a full service technology solutions company specializing in; Information Technology Management, Data Center and Application Hosting, IT Infrastructure and Networks, Software Development, Business Continuity, Disaster Recovery and IT Security.
Why Lease?
Leasing equipment or financing software and services offers a number of benefits to customers in comparison to cash investments or tapping into existing bank credit lines:
Manage Cash Flow
Relevant at all times, but particularly during a lean economic climate when “Cash is King”, leasing helps customers manage their cash flow by paying for equipment or software over time; thereby matching revenue and expense.
Leverage Purchasing Power
When evaluating your equipment or software needs leasing provides an effective vehicle to acquire the solution your business really needs, vs. acquiring only what you can afford using available cash from your capital budget.
Preserve Bank Credit Lines
Accessing leasing allows businesses to keep their existing bank credit lines available for short term needs, including inventory, advertising/marketing, and payroll.
100% Financing
Customers can bundle in project costs including equipment, software, maintenance, training, installation, and shipping into one convenient payment plan with minimal initial outlay. Customers can even finance sales tax in their lease amount.
Avoid Obsolescence
Lease terms and types can be matched to the equipment’s expected useful life, enabling customers to keep pace with technological changes by upgrading to new equipment.
Tax Advantages
Depending upon the type of lease selected, customers may be able to treat monthly payments as a fully deductible operating expense from a tax standpoint.
Accounting Advantages
While not available for all types of equipment, in some instances you may be able to structure FASB-13 compliant operating leases. Contingent upon review and classification by a customer’s auditors, operating lease payments may be expensed as made on the income statement and reflected in the footnotes.
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Tamarack Management & Consulting is pleased to announce the formation of our new Information Technology Security Practice. The new Security Practice will be led by a Senior, Certified Information Systems Security Professional (CISSP), and IT Auditor with more than 40 years of experience in providing high quality accounting, auditing and information technology security leadership.
“With the addition of Tamarack’s new IT Security Practice it allows us offer our current and prospective clients a comprehensive suite of services, products and capabilities that will ensure the cost effectiveness and professional delivery of Best-In-Class information technology related services and solutions.”
Michael S. Simeone, President & CEO, Tamarack Management & Consulting.
Below is a small sample of the type of security work performed:
- PCI assessments for financial institutions
- SOX 404 reviews and assessments
- SAS 70 reviews and assessments
- GAP and IT controls, reviews and assessments
- IT Risk Assessments and Audits
- Enterprise Security Management
- Enterprise-wide IT Security standards
- ISO-17799, NIST SP-800-2 thru SP-800-55 guideline compliance reviews
- HIPAA & GLBA compliance reviews
Certifications & Licenses:
- CISSP: Certified Information System Security Professional
- QSA: Qualified Security Assessor, (PCI)
- CGEIT: Certified in the Governance of Enterprise IT
- CISA: Certified Information System Auditor (In Progress-Dec 2008)
Industry Application:
- Global Security Services
- Payment Card Industry
- Financial Services
- Manufacturing
- Insurance
- Medical
Tools/Methods:
- MS XP, Vista
- Unix, Linux
- AS400 Security
- Nessus
- Application Detective
- SolarWinds
- MS Baseline Security Analyzer
The new security practice compliments our overall suite of Innovative Technology Solutions.
Tamarack Management & Consulting (TMC) is pleased to announce the formation of strategic partnerships. TMC has formed strategic partnerships with bkm Technology Group, headquartered in East Hartford, CT, Imaging Solutions, headquartered in Wallingford, CT and Business Electronics Inc. (BEI) , headquartered in Cheshire, CT. These companies provide Best-In-Class solutions and are considered technology leaders in their respective markets.
By combining our respective service offerings with our strategic partners, our companies will work as a team to bring a comprehensive suite of services, products and capabilities that will ensure the cost effectiveness and professional delivery of Best-In-Class information technology related services and solutions to our clients.
Michael S. Simeone, President & CEO, Tamarack Management & Consulting.
bkm Technology Group
The bkm Technology Group provides technology services and relocation support. bkm prides itself in delivering best-in-class solutions for technology lifecycle management, disaster recovery, server and PC configurations, network server administration, desktop support and LAN center design, build and migration. bkm?s state of the art configuration center is a central receiving point, inventory control facility and technology center. The bkm Technology Group also provides support to bkm?s Total Office clients by providing audio visual and sound masking solutions, security systems, electrical services for full building installations and structured cabling services for voice and data networks.
Imaging Solutions
Imaging Solutions is an experienced systems integrator and custom software developer that offers local to international clients with best-in-class Enterprise Content Management services. Imaging Solutions provides a full suite of products and services for addressing a wide variety of Enterprise Content Management (ECM) needs. ECM includes the technologies, tools and methods used to capture, manage, store, preserve and deliver data, information, images, emails, forms, documents, workflow, records management, Business Process Management and information lifecycle management across an enterprise.
Business Electronics Inc:
BEI eestablished in 1976, BEI has been providing custom fit telecommunications applications, platforms and services throughout New England. Over the past 31 Years, BEI has achieved national acclaim and have been ranked as one of the top telecommunications peripheral dealers in the United States. Their position in the telecommunication field gives them tremendous visibility and influence in the market place. This enables Business Electronics, Inc., to offer the most advanced systems, software and communications equipment to our clients.
Please contact the office at (203) 439-0825 or email us at msimeone@tamarackmc.com for additional information regarding partnership services and how they can benefit your company.
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