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MONTREAL, QUEBEC -- (Marketwired) -- 11/20/13 -- Today, life for those tasked with managing enterprise level telecom and IT expenses became simpler.

Montreal-based Etelesolv has released a new platform, called Cimpl, that helps organizations connect complex information about telecom and IT assets, allowing companies to control costs and resources.

Cimpl fills a need in the marketplace, as on average, Canadian enterprises overspend on telecom and IT by 9 to 15 percent annually. This equates to millions of dollars being wasted every year, and has a profound impact on overall competitiveness.

"We've worked with big organizations, in every major vertical in this country over the past ten years. Cimpl is revolutionizing the processes around asset lifecycle management." said Etelesolv President, Chris Thierry. "By creating an all-in-one system we have removed the gap between IT asset management and financial accountability. Cimpl connects disparate Telecom and IT Information to clarify the picture of what's being spent, and allow enterprises to take back control over their assets and expenses."

At present, there is not another product on the market like Cimpl:

--  Cimpl allows managers to connect all telecom and IT assets in one place,
    and in real time. This happens via one convenient and simple dashboard
    where all the information is centralized and accessible through a fully
    customizable and actionable reporting portal.

--  The software is the first solution that sits at the intersection of
    financial and asset management in the Telecom Expense Management (TEM)
    and IT Asset Management (ITAM) sectors. This all in one solution helps
    enterprises understand the full asset life cycle, specifically:
    --  What assets an organization has?
    --  Where these assets are located?
    --  Who owns the assets?
    --  Who pays for the assets?

--  Through Cimpl, organizations can take back control of their assets and
    spend through alert modules, actionable reports and a company-wide audit
    tool. Delivering usage information from a variety of service types to
    allow individuals to self-regulate their usage of technology.

--  Cimpl has a variety of architecture features to date:
    --  It is built using HTML5 - meaning that it can work seamlessly with
        any web browser or mobile devices.
    --  The platform uses an API layer that allows for 3rd party software
        integration.
    --  It gives users access to real time data so they can make quick
        decisions.
    --  Multi-tenant SaaS (Software-as-a-Solution)

"Our engineering team aimed to do one thing: simplify life for managers seeking to get a handle on their IT and Telecom assets. Cimpl is going to save Canadian enterprises millions of dollars and help them reinvest where it matters." said Vincent Parisien, VP of Research and Development. "

Etelesolv's client list reads like a who's who of iconic Canadian organizations, and ranges from large financial companies, to government institutions, to engineering firms.

Be the first to know: Register now to attend the Cimpl Webinar, January the 15th at 1pm ET with Nitin Khatri VP Sales at Etelesolv.

To request an interview, or schedule a demo, please contact Jackson Wightman at 514 605 9255.