TITAN Technology Partners Enters Strategic Financial Arrangement with KeyCorp
Charlotte, NC (May 3, 2006) – TITAN Technology Partners, a leading provider of ERP hosted/managed industry solutions, today announced they have entered into a strategic financial arrangement with KeyCorp (NYSE: KEY). The arrangement expands TITAN Technology Partners’ available debt capital for continued growth from both new and long term outsourcing contracts and select acquisitions.
"We are pleased to partner with KeyCorp. Our growth strategy required a strong partner that understands our industry and the best use of capital toward enterprise value creation,” stated Michael A. Vadini, founder and CEO of TITAN Technology Partners. “This arrangement allows us to execute our strategy of making select acquisitions that we feel we can leverage when added to our operating model.”
About TITAN Technology Partners:
Headquartered in Charlotte, North Carolina, TITAN Technology Partners provides hosted and managed industry solutions to mid market firms, as well as Strategic Planning and complete IT outsourcing solutions.
About KeyCorp.:
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $93 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. The company's businesses deliver their products and services through 946 KeyCenters and offices; a network of 2,169 ATMs; telephone banking centers (1.800.KEY2YOU); and a Web site, Key.com®, that provides account access and financial products 24 hours a day.
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