News - ACS Systems Adds 150 Employees
Micro General Corporation Sees Instant Growth Through Addition of 150 Employees
ACS Systems, Inc. to Integrate 150 Chicago-Based Support Group As a Result Of Merger Between Parent Fidelity National Financial and Chicago Title
SANTA ANA, Calif., March 20 /PRNewswire/ -- Micro General Corporation (OTC Bulletin Board: MGEN), an eCommerce business solutions provider, today announced that its subsidiary business unit ACS Systems, Inc., a provider of an industry-leading suite of eCommerce software applications for lenders, title and escrow companies, and real estate related companies via the Internet, added approximately 150 former Chicago Title employees to its employee ranks, effective March 20, 2000.
The pending merger of the two industry leaders -- announced by Fidelity National Financial, Inc. and Chicago Title Corporation in late 1999 -- initiates new infrastructure and technical collaboration and support for ACS Systems' to the newly combined Fidelity/Chicago Title.
ACS Systems will hire a total of 150 Chicago Title information technology support employees into its ranks.
This group includes all levels of capabilities, including:
senior management,
infrastructure technical staff,
eCommerce developers,
trainers,
project managers,
quality control,
installation technicians,
network technicians,
escrow and title developers,
and a help desk team.
The combined capabilities of this team will support the ongoing integration of the 36 Chicago Title systems with the Fidelity operations.
"The successful integration and support of the Chicago Title operations' more than 600 sites and 6,000 users remains vital to our shared strategies," said ACS Systems president Jeff Sanderson. "Because Fidelity owns 69 percent of MGEN stock today, and with ACS having successfully maintained Fidelity's Information Technology processes for the past 15 years, this merger brings about significant change -- from both a technology perspective as well as a 'human' perspective," Sanderson said.
"The merger represents more than just an opportunity to maximize economies of scale and support a greatly expanded user base," said MGEN president and CEO John Snedegar. "Becoming the industry's one-stop shop for both title and other real estate services paves the way for ACS Systems to emerge as the leader in title industry technology and become the premier player in real estate information services," Snedegar said.
ACS' number one priority will be to ensure that Chicago Title customers continue to receive the level of support that they have had for so many years... without any interruption. The company's chief information officer, Jim Murry, has been chartered with managing all of the functional technology revamping, including system integration, interfaces with Fidelity's existing systems. Executive vice president of business development Deborah DeMaddalena who will oversee the development of new solutions including an integrated production system, a corporate Intranet, company-wide email, and Web hosting of all Web sites for the new Fidelity.
Following the first year, the strategy for growth includes expanding the company's solutions to other title and escrow entities outside of the Fidelity umbrella. Ultimately, ACS will enter niche markets beyond title and escrow. This long-term strategy will take place over time and presents vast opportunities for growth.
ABOUT MICRO GENERAL
A full-service enterprise solutions provider, Micro General Corporation (OTC Bulletin Board: MGEN), offers a complete range of information technology services, encompassing proven solutions in Systems Integration, Application Development, Real Estate industry applications, and eCommerce. The organization offers fast-growing solutions that maximize mission-critical solutions to national and international companies.
In November 1999, Micro General was ranked The #1 Fastest Growing Company In Orange County This Year by the Orange County Business Journal. It was also listed 47th in the October 1999 Bloomberg Financial Magazine featuring The 100 Fastest-growing U.S. Technology Companies (based on sales growth in their last complete fiscal year). This report lists Micro General among "dynamic companies that are implementing good ideas and clearly doing something right," according to the article.
Micro General has uniquely positioned itself as an international eCommunications solutions provider comprised of the following operating business units:
ACS Systems, Inc. -- provides transformational eBusiness solutions designed to expand business markets and enhance internal efficiencies for any enterprise via the Internet. The company offers custom project-based software solutions specifically targeting the real estate industry that are designed to simplify real estate transactions utilizing trust, escrow and title-related software development capabilities. These products provide proprietary solutions to workflow and document management challenges by electronically connecting all parties involved in real estate transactions. With over 400 current installations these capabilities encompass the development, sales, installation, training, and support capabilities of ACS and MGEN.
RealEC, Inc. develops, operates and maintains a secure business-to-business electronic commerce exchange, connecting more than 150 customers with more than 350 service providers, used to orchestrate real estate settlement services.
The company is owned by Santa Ana, Calif.-based Micro General Corporation and Houston-based Stewart Title Company.
L.D. Exchange.com, Inc. -- is a facilities-based, wholesale long-distance carrier providing international telecommunications termination services. As a major strategic component to Micro General's telecommunications and Internet telephony initiative, L.D. Exchange has offices in western and eastern U.S. Today the company delivers both domestic and international termination services and offers a full suite of retail business telecommunications services.
Micro General employs more than 250 individuals, primarily in professional and technical positions. To learn more about Micro General Corporation visit our Website at: microgeneral.com or call 949.622.3927.
Micro General was also the author of escrow.com(TM) and has the potential to acquire a significant equity interest in the company. escrow.com and its operating subsidiaries offer comprehensive e-commerce solutions that protect both buyers and sellers against fraud. To learn more about escrow.com visit their Website at: escrow.com .
This press release contains forward-looking statements |
