InVision Software AG Establishes New Branch for Strategic Labour Management Consulting
- Acquisition of a 51 per cent majority stake in U.S. consulting company
- Strengthening of consulting expertise on the market for workforce management solutions
With the founding of the holding company InVision Consulting International GmbH, InVision Software AG (ISIN: DE0005859698), a world-leading supplier of enterprise-wide workforce management solutions, establishes a new branch for strategic labour management consulting. In the course of building the new consulting branch, the holding company has acquired the majority stake of 51 per cent in the operational business of the North-American consulting company Core Practice Partners LLC, with retroactive effect from 2 January 2009. Both parties agreed not to disclose the purchasing price.
Peter Bollenbeck, CEO of InVision Software AG, comments: “The acquisition of the majority stake in Core Practice strengthens our consulting expertise in the market of workforce management solutions, especially in the North-American market. The consultants of Core Practice have expertise backed by strong experience in a wide variety of industries with an emphasis on optimising shift worker based operations. In particular, the call centre, mining and manufacturing sectors, especially the food processing industry, are areas of strength for Core Practice. Thus, InVision Software will benefit from the professional experience of Core Practice in these sectors as well as from their overall expert knowledge in operations consulting.“
John Frehse, Managing Partner of Core Practice, adds: “Core Practice is proud to team up with InVision. We are excited to have the opportunity to work with a team of proven leaders in the workforce management field to implement our strategic services. We look forward to providing our services to InVision customers and helping these customers quickly capture substantial cost savings which is so crucial in the current economic climate.“
Core Practice Partners LLC, based in New York and Chicago, is a consulting company specialising in strategic labour management consulting. The company was founded by Ethan Franklin and John Frehse in 2005. Both of them have more than ten years of experience in operations management consulting with the objective of optimising workforce management processes. Core Practice‘s methodology includes analysing operations, shift schedules, labour strategy and labour costs as well as employee surveys and the planning and execution of an implementation programme including change management strategies. Core Practice identifies and implements cost savings and profit making opportunities such as introducing flexible shift schedules and minimising idle time and overtime, while working with employees to gain their buy-in to make sure changes stick. Among the clients of Core Practice are major international corporations, such as Kraft Foods, Nestlé, BMW and Dannon of the Danone Group.
The consulting company will prospectively operate under the name of Core Practice LLC and will be based in Lisle, Illinois, one of the North-American locations of the InVision Group.