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Allegiance Completes Strategic Acquisitions of Two Compliance and Ethics Hotline Companies
Acquisitions Solidify Industry Leadership Position and Bolster Company's Growing Customer Base
| Source: Allegiance, Inc.
SALT LAKE CITY, UT--(Marketwire - June 5, 2007) - Allegiance, the leading provider of
on-demand enterprise feedback management (EFM) solutions, today announced
that it has completed the strategic acquisitions of two Virginia-based
companies, Resultor, LLC and Confide, Inc. Both organizations provide
multi-platform ethics and compliance hotline services. As a result of the
acquisitions, Resultor and Confide customers will be upgraded to SilentWhistle, the Allegiance Web and phone-based ethics
hotline solution, and operations for both companies have been consolidated
into Allegiance's headquarters in South Jordan, Utah.
"The acquisition of these two leading organizations follows a number of
important achievements for our company," said Adam Edmunds, president and
chief executive officer of Allegiance, Inc. "In the past 10 months, we have
secured a major partnership with Thomson Financial, acquired the nation's
leading phone-based ethics hotline company, National Hotline Services, and
raised more than $5.7 million to help accelerate our growth. In addition,
for the previous quarter, we saw the number of new SilentWhistle customers increase
by nearly 80 percent when compared with the first quarter of 2006. All of
the accomplishments, including these two acquisitions, support our strategy
to solidify Allegiance as the premier provider of EFM solutions."
SilentWhistle's Web-based reporting tool and phone-based service are
completely integrated to provide the most complete and comprehensive ethics
reporting solution available. Anonymous feedback submitted through the Web
system or collected via the phone is captured in the same format and stored
in the same Web-based management console, allowing administrators to review
and resolve all feedback through a single interface. This case management
system categorizes and routes the feedback to administrators, executives or
board members responsible for providing a timely and appropriate response.
Edmunds added, "SilentWhistle
is a trusted whistleblower hotline solution used by both private and public
organizations, including the U.S. government and leading healthcare and
financial institutions, which are all part of highly regulated industries.
Our customers use SilentWhistle to promote their commitment to integrity,
build strong ethical cultures and comply with regulations such as SOX
section 301. We look forward to supporting the ongoing ethics and
compliance hotline needs of Resultor and Confide clients."
The Allegiance whistleblower hotline solution can be accessed at anytime in multiple
languages, and as a third-party, hosted solution providing guaranteed
confidentiality and anonymity for users. For more information about
SilentWhistle, visit www.silentwhistle.com.
About Allegiance
Allegiance, Inc. is the premier provider of on-demand enterprise feedback
management solutions that drive growth and profitability through improved
customer engagement and employee loyalty. The Allegiance Active Listening
System (ALS) is a suite of Web and phone-based solutions that allows
organizations to collect real-time feedback from all points of customer and
employee interaction. Each component of the ALS can be customized to fit
individual corporate needs and serves as a case management solution by
tracking feedback from submission to resolution. As a result of the
flexibility and power of the ALS, Allegiance serves customers of all sizes
across a variety of industries. Allegiance is based in South Jordan, Utah.
For more information about Allegiance, visit http://www.allegiance.com.