American Management Systems announced Tuesday that Paul E. Adams re-joined the company as vice president of strategic business ventures within the Consumer Financial Services Group. In this capacity, Mr. Adams will develop new ventures and opportunities synergistic with the group’s focuses in customer relationship management, electronic commerce and consumer credit management, as well as develop wholly new targets of opportunity.
“In the last two years, we have successfully launched several new ventures and partnerships, strongly positioning AMS in new growth areas in financial services such as the ASP market,” said Sandra L. Devine, general manager of the firm’s Consumer Financial Services group. “We have an explosion of ideas in incubation stages, and Paul’s leadership and forward thinking perspective will enable us to rapidly get the best of these new ventures to market.”
One of Mr. Adams’ initial focuses will be to expand AMS’s leadership in the area of online consumer credit. “The financial services industry is poised for explosive growth in the area of interactive credit,” said Mr. Adams. “AMS has already made great strides in meeting these new demands for its clients and has strategic partnerships in place to capitalize on this trend. This, coupled with the terrific team AMS has in place, made the decision to return to the company an exciting one.”
Mr. Adams has more than 20 years of experience in the financial services industry. He first joined AMS in 1987, where he focused his business development efforts on the company’s strategic clients and was instrumental in building AMS’s Credit Risk Management Practice. Most recently, Mr. Adams was Director of Sales and Marketing with Affinity Technology Group, Inc. Prior to joining AMS, Mr. Adams led the sales efforts for automated credit systems at the Fair, Isaac Companies. Mr. Adams is a frequent speaker at industry conferences on the subject of credit management and the application of new technologies.
AMS is an international business and information technology consulting firm — one of the 20 largest such firms worldwide. AMS is the premier provider of next generation enterprise business and technology solutions that dramatically improve business performance and create value for clients. AMS’s suite of eBusiness strategy, management and technology services make business reinvention possible in Internet time for large organizations. Founded in 1970, AMS is headquartered in Fairfax, Virginia, with over 8,000 employees and 57 offices worldwide. AMS had 1998 revenues of $1.06 billion, with eBusiness- related revenues representing 20%, an increase of almost 150% over 1997. Forbes magazine ranked AMS among the best-performing big companies in the U.S. in their “Best of the Biggest,” and FORTUNE magazine placed AMS on its list of the “100 Best Companies to Work for in America” in 1999.
AMS is traded in the Nasdaq over-the-counter market under the symbol AMSY. AMS can be found on the World Wide Web at amsinc.comDetails