ISELIN, NJ--(Marketwire - February 1, 2011) - ComSci, LLC, the preeminent leader in Technology Financial Management (TFM) solutions for IT Cost Transparency, IT Budget Automation and Technology Demand Management, today announced that its "IT Financial Management v1.9" product has been officially certified as ITIL® V3-compatible in financial management by Pink Elephant, the world's leading IT Service Management education and consulting provider.
Pink Elephant's PinkVERIFY service measures a tool's compatibility with key IT Service Management (ITSM) processes. PinkVERIFY was developed as a best practice benchmarking service that seeks to validate that a software product meets basic functional requirements as defined by ITIL. Meeting these functional requirements indicates that a tool supports the named ITIL processes.
ComSci's president and CEO, Robert J. Svec, shared, "Attaining PinkVERIFY status distinguishes our solutions from those that lack the commitment to best practices in IT Finance Management and the vision of driving positive business outcomes for clients. We're honored to receive this PinkVERIFY certification and appreciate the respect it receives from both public and private sector organizations that are seeking to adhere to the highest standards of technology financial management and IT Service Management."
"We're delighted to recognize ComSci's vision in successfully developing 'IT Financial Management v1.9' to support IT Service Management best practices according to the ITIL framework," commented David Ratcliffe, President, Pink Elephant. "At Pink we believe that Financial Management is one of the most important areas in ITSM. After all, one of the primary roles of IT is to contain costs and enable increased revenues. Over the years we've noticed that relatively few software developers & vendors have shown interest and commitment to Financial Management within ITSM. We're glad to see that ComSci -- a specialist in this field -- has recognized this need and opportunity!"
ComSci is the first vendor to develop solutions that meet or exceed the ITIL v3.1 Finance Management framework and receive PinkVERIFY certification.
About Pink Elephant
Founded 30 years ago, Pink Elephant is a leader in IT Management best practices. Operating through many offices across the globe, the company is the world's #1 supplier of ITIL® and IT Service Management conferences, education and consulting services. For more information, visit www.pinkelephant.com.
About ComSci
ComSci delivers SaaS-based Technology Financial Management solutions that empower organizations to implement more effective IT financial management processes that support their ITIL V3 initiatives. Through decades of experience and its suite of Web 2.0 IT finance tools, ComSci helps IT organizations reduce costs by enhancing technology transparency and visibility, which in turn enables business units to understand and optimize demand and utilization of technology resources. ComSci is headquartered in Iselin, New Jersey, and was founded in 1971. ComSci has a growing number of clients for which it provides IT Financial Management solutions including The McGraw-Hill Companies, The Bank of New York Mellon, Whirlpool, NYU Medical Center, 1-800-FLOWERS.COM, SAP AG, Memorial Sloan-Kettering Cancer Center, and UBS Investment Bank. Visit www.comsci.com for further information.