[Lampkins, Lessie] What does this mean for ARSLIST?

Lessie Lampkins
Remedy Developer
Impact Innovations Group
>
> Fyi- Found posted in allremedy.com job posting board. Does Vista host
> the developer list server?
>
> ---------- Forwarded message ----------
> Date: Fri, 22 Jun 2001 23:00:50 -0500 (PDT)
> Subject: Virgina Tech News: Vista Information Technology Restructuring
> To: editorial@potomactechwire.com
> Cc: editor@washtech.com
>
> Vista Information Technology Restructuring
> Friday June 22, 2001 23:00
>
> Herndon based Vista Information Technology is in the process of
> restructuring
> in response to market conditions. A recent meeting of board members (week
>
> of June 18, 2001) has prompted swift action to reduce staff and slash
> costs
> across all divisions. Vista is a professional services firm with
> approximately
> 325 employees nationwide. An expected layoff will reduce company ranks
> by possibly 30 percent in the coming weeks. Consolidation of business
> units
> is inevitable. This event marks the second reduction in force for Vista
> within 6 months. Heavy competition in the professional services sector
> coupled with a weak economy has forced many firms to take drastic
> cost-cutting
> measures or close their doors.
>
> Private equity firm GTRC has backed Vista since its inception and
> supported
> the firm through a paradigm shift with the departure of CEO James Duggan
> in February 2000. Vista underwent major restructuring with a new
> management
> team led by Peter Licata. Over the course of several months Vista shed
> unprofitable business units and restructured into fewer divisions focused
> on niche markets. Vista was recast as a high-end consultancy focused on
> readying clients to exploit convergence technologies and solutions.
> Convergence
> is a new and emerging integrated technology associated with computer
> telephony.
> Vista was best known as one the largest Remedy Professional Service
> Partners.
> Vista is a privately held company with a presence in major markets across
>
> the nation. Private equity firm GTRC (Chicago, Illinois) is the majority
> investor.
>
> A list of local technology layoffs, compiled from reports filed by The
> Washington
> Post is located:
> http://www.washtech.com/specialreports/layoffs_bydate.html
>
> http://www.vistait.com
> http://www.gtcr.com
>
>
>
> Free, encrypted, secure Web-based email at www.hushmail.com

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