John Devolites, former Telecordia Professional Services President, joins TEOCO

FAIRFAX, Va.--()--July 29, 2004--TEOCO has named former President of Telecodia's Professional Services, John Devolites as Director of Corporate Development. In this role, Devolites will focus on developing new markets and launching a new generation of TEOCO products and services with a key emphasis on strategic acquisitions.

"John has been on our Board of Directors for several years and has added great value through his guidance and insight," says Atul Jain, Chairman and CEO of TEOCO Corporation. "By taking a more active role, John will serve as a catalyst for future growth while further strengthening TEOCO's Leadership Team."

With over 20 years in the global telecommunications industry, Devolites has long-standing relationships with service providers, resellers and network providers. "It's really exciting to be a part of a company that has such a positive impact on a client's bottom line and a corporate culture that encourages innovation even in difficult economic times," says Devolites.

Prior to joining TEOCO, Devolites was President of Professional Services for Telcordia (a division of SAIC formerly known as Bellcore). In this capacity, he managed a staff of over 600 and supervised a number of the legendary Bell Labs. His previous work experience includes executive positions at PricewaterhouseCoopers, E-Commerce Industries, Andersen Worldwide, American Management Systems (AMS), Alexander Proudfoot, PLC and Booz, Allen and Hamilton.

About TEOCO

Founded in 1995, TEOCO (The Employee Owned Company) is the leading provider of automated cost management and revenue management solutions to the telecom industry. Twice ranked in Inc. Magazine's List of 500 of the fastest growing privately held companies, TEOCO has three primary lines of business:

-- Telecom Solutions - Network cost and revenue management solutions for telecom and enterprise clients

-- Respond - Technology solutions to connect local businesses with purchase-ready buyers

-- Enterprise Web Services - Custom software solutions leveraging Java and J2EE technologies

TEOCO is widely recognized for its commitment to Principled Entrepreneurship with a particular emphasis on its core values of alignment with employees, clients and community. See more at www.teoco.com.

Contacts

TEOCO
Mark Shulimson, 703-259-4489
shulimsonm@teoco.com

Sharing

Contacts

TEOCO
Mark Shulimson, 703-259-4489
shulimsonm@teoco.com