STAMFORD, Conn., Aug. 23, 2007 (PRIME NEWSWIRE) -- NexVue Information Systems (www.nexvue.com), a leading provider of financial and operational business solutions for small and mid-market companies in the tri-state area, today announced an agreement to install, implement and support a new finance and accounting system for Olympus Power, LLC.
Olympus Power, which owns and operates power generation projects across the U.S. as well as provides operating and maintenance services, began operations in 2007 as a spin-off of Delta Power Company, a long-time NexVue client. NexVue will leverage its deep expertise in the energy sector to install, implement and provide ongoing training and support for the Microsoft Dynamics(tm) SL financial management and accounting platform selected for the energy company. This will involve carving Olympus Power's financial data from Delta Power, and setting up new, independent financial management systems for each.
"Many of us at Olympus came to regard NexVue as a trusted business partner when we were at Delta Power, so it made complete sense to bring NexVue on board as soon as we were able," said Bob Dixon, Director of Information Technology, Olympus Power. "The NexVue team comprises talented resources with expertise in many areas. The involvement of all of their employees, from the top down, has added tremendous value. What sets them apart is how committed the NexVue team is to our success, always looking out for our best interests."
"With power projects and services contracts already underway, Olympus Power came to us needing to hit the ground running from the outset," Laura O'Loughlin, President, NexVue Information Systems, said. "Our solutions and approach, based on our understanding of the energy business and its specialized financial management needs, will help the company become fully operational within the time frame needed, while supporting its rapidly evolving business model and growth pattern."
About NexVue Information Systems
Founded in 1984 by Daniel Schwartz, CPA, MBA, NexVue specializes in providing small and mid-market organizations with financial and accounting solutions, supported by extensive consulting services, that help them maximize their operational efficiency and organizational performance. The firm's highly specialized staff of consultants helps project-driven organizations implement innovative, cutting-edge project management and accounting systems, providing infrastructure design, business process review, solutions development, training and enterprise support services. For more information about NexVue's solutions, please visit www.nexvue.com.
About Olympus Power, LLC
Olympus Power, LLC, formed in 2006, is a privately owned U.S. independent power company. Olympus owns and manages power projects, as well as provides operating and maintenance services to itself and third parties. The management of Olympus previously built Delta Power Company, LLC into a major privately held independent power company that was sold to Arroyo Energy, LP (a unit of Bear Stearns) in January, 2007. Prior to the sale of Delta Power Company to Arroyo Energy, LP, the company had 1.5 billion in assets and $500 million in revenues in 2005. Olympus Power, LLC is owned by Olympus Holdings, LLC a holding company based in Morristown, NJ.