CHARLESTON, SC, Aug 10, 2021 (GLOBE NEWSWIRE) – SIB Fixed Cost Reduction, one of North America’s largest expense management consulting firms, announces the acquisition of Sage Management (“Sage”). Since 2004, the world’s largest telecommunications providers, businesses and government agencies have entrusted Sage with the design, execution and implementation of comprehensive telecommunications expense and inventory management solutions to achieve their business goals. Sage’s service results have generated over $ 4 billion in significant savings for its customers.
SIB Fixed Cost Reduction (“SIB”) is the market leader in supplier management and utility cost reduction. As part of its growth strategy, SIB continues to expand and improve its service offerings through acquisitions of like-minded businesses. As of September 2020, SIB has acquired Cost Control Associates for energy expense management and The Fox Consulting Group for cell phone, voice, data / network, cloud services and credit card processing consulting.
“The addition of Sage to SIB’s business portfolio will transform SIB’s telecommunications cost reduction capabilities,” said Kevin Flounders, CEO of SIB. “Combining Sage’s excellence and industry-leading services with our go-to-market infrastructure will allow the entire platform to scale faster as SIB continues to expand its service offerings and expand. ” deepen its vertical expertise. We look forward to working with the Sage team and implementing our strategy. “
Sage provides industry-leading software solutions that help customers optimize their inventory and communications spend. The company’s proprietary inFuse software automates the process of creating an accurate inventory of telecommunications resources, improves network topology, and corrects billing inaccuracies. inFuse is the backbone of Sage’s market-leading interoperator blockchain solution.
“We have spent the past 15 years honing our value proposition and have now reached an inflection point,” said Patrick Lowell, CEO of Sage. “The combination of Sage and SIB, driven by strong leadership and a dedicated team, will create new opportunities to expand our services to more clients and address a largely underserved market. “
About Sage Management
Sage Management provides telecommunications cost optimization services to customers in the carrier, enterprise and government markets. The company offers its services through its proprietary software inFuse which automates the creation of an optimized inventory of telecommunications assets and is the keystone of its interoperator blockchain solution. For more information, visit sagemi.com.
Reduction of fixed costs SIB
SIB Fixed Cost Reduction offers shared savings solutions as well as robust supplier and utility management offers. After analyzing more than $ 3 billion in spending at more than 70,000 locations across the country, SIB has proven its expertise in a wide variety of industries. SIB effectively manages a customer’s third party expense by validating item invoice details, correcting billing errors, and securing the best rates for our customers. The company also specializes in energy solutions which include bill payment, enhanced data management, energy supply and site open / close services. For more information visit aboutsib.com.