ATLANTA, Oct. 27, 2005 (PRIMEZONE) -- Lazard Dana LLP, a leading CPA firm in Savannah, Georgia, and iLumen, Inc. jointly announced today that Lazard Dana is implementing iLumen's client financial monitoring and benchmarking service. The service will provide additional value to all business clients and will enable specific business development opportunities in Lazard Dana's niche markets of post-secondary schools and architectural, engineering and contracting firms.
"Knowing that our clients value a close relationship with their CPAs, we were looking for a solution that would facilitate communication with our clients throughout the year," said John Matthews, Managing Partner at Lazard Dana. "iLumen's services provide us with the ability to electronically receive and analyze interim financial data that, for the first time, allows our CPAs to proactively address clients' needs based on a real-time view of their changing financial situations."
"Lazard Dana's industry leadership in serving niche markets, specifically their expertise with post-secondary schools, is a natural fit for iLumen's expanding financial information network," said Robert H. Woosley, Co-founder and Chief Executive Officer of iLumen. "By implementing iLumen's benchmarking service, Lazard Dana CPAs will be able to offer detailed industry benchmarking reports and provide valuable industry insight to their clients."
"Lazard Dana strives to create value in all our business relationships by building and maintaining long-lasting advisory relationships with our clients in Savannah and nationally," said Matthews "and the decision to implement iLumen's services is an extension of that commitment."
About Lazard Dana LLP
Lazard Dana LLP is a full-service certified public accounting firm specializing in tax preparation and advisory services, auditing and review services, accounting and bookkeeping services and business consulting. Formed in January 2002 through the merger of two of Savannah's most prominent accounting firms, Lazard/Dana is one of Savannah and the Lowcountry's largest, oldest and most respected public accounting firms.
In addition, through partnership with the RSM McGladrey Network and the related affiliation with McGladrey & Pullen (America's fifth largest accounting firm), Lazard/Dana offers outstanding service capacity, creating greater value for each client relationship -- regionally, nationally and internationally.
For more information visit www.ldca.com or call 912.238.1001
About iLumen
iLumen, Inc. is a financial information technology company that delivers and manages private-company data gathering and analysis solutions designed to solve critical problems in risk management, financial compliance and financial oversight within the banking, accounting and corporate environments. iLumen's services are based on a proprietary (patent pending) data warehousing engine known as iMonitor(r) that automates and standardizes the gathering, mapping, analysis and benchmarking of electronic accounting data from private companies. For more information visit www.ilumen.com or call 404-446-1600. iLumen(tm) and iMonitor(r) are trademarks of iLumen, Inc., all rights reserved.