(openPR) - Munich, Germany/Doylestown, PA/USA. 03 July 2007 – TPG The Project Group GmbH, one of the top Microsoft Premier Project Partners in Europe and the world’s leading provider of Microsoft Project add-in products, today announced the creation of a US-based subsidiary, TPG The Project Group America Inc. The TPG America office is located near Philadelphia, Pennsylvania, and will assume responsibility for sales and implementation of TPG products on the American continents. The new office will put a particular focus on TPG PSLink, the world’s most widely used product for integrating Microsoft Project with SAP, as well as on the implementation of enterprise-wide IT solutions for Microsoft Project-based project management.

“Over the last few months, we’ve been seeing extremely strong demand from US companies for our products, and particularly for TPG PSLink, which integrates Microsoft Project with SAP”, said Stavros Georgantzis, Managing Director of TPG The Project Group in Munich, Germany. He noted that the company had decided to establish a local office because American customers expect to be served by a local office and because the high level of demand was difficult to manage from Germany. “It was clear to us that we could only do this successfully with proper support by local staff. That’s why we’re delighted to have Paul Szyarto on board. He’s a hugely talented professional and has a deep knowledge of our products as well as of the American markets for Microsoft Project and SAP. Together with us here in Munich, Paul will be developing the company in the US,” added Georgantzis.

Paul Szyarto has been named as CEO of the new corporation and Stavros Georgantzis as CFO. Dr. Thomas Henkelmann, TPG’s Director of Consulting Services, completes the three-man board of directors of TPG The Project Group America Inc., based in Doylestown, PA, near Philadelphia.

“Within a few weeks of establishing the subsidiary we are on track to signing enough engagements to meet this year’s capacity goal, and build a project schedule for next year,” commented Paul Szyarto. “Two of the main reasons for this rapid development are, organizations are realizing the need for integrated systems that create process efficiencies, decrease expenses, and produce value out at all levels, and TPG’s products are quickly implemented with endless configuration options to easily fulfill this customer need. To give an example, implementing TPG PSLink to integrate Microsoft Project with SAP normally takes less than ten days.”

The US subsidiary has its own website at www.tpgamerica.com.

About Paul Szyarto
Paul Szyarto joins TPG with more than 12 years’ experience in business development, project and portfolio management, and installation/integration/implementation of SAP at various organizations in both the public and the private sectors. For the last few years he has been an independent consultant specialized in the implementation of SAP solutions at large US enterprises. Together with Munich-based TPG, Paul Szyarto implemented Microsoft Enterprise Project Management 2003 and SAP integration using TPG PSLink at Bentley Systems in Exton, PA, a leading provider of software for the architecture, engineering and construction industries. Following this successful collaboration with TPG, Paul Szyarto recognized the level of potential there was for this product in the American market. Soon afterwards, he accepted TPG’s offer of becoming one of the leading lights in the fast-growing TPG team.

About The Project Group
The Project Group GmbH (TPG), headquartered in Munich, Germany, is a team of internationally recognized experts in IT solutions for enterprise-wide project management. TPG is the world’s leading developer of Microsoft Project add-ins and offers implementation services for Microsoft Enterprise Project Management (EPM) solutions to large and mid-sized enterprises. TPG places particular emphasis on the integration of EPM in the financial controlling area as well as on IT support for Project Management Offices (PMO). TPG’s range of services is complemented by seminars for Microsoft Project users and developers as well as preparation for PMI’s Project Management Professional certification exam.

The Project Group is a Microsoft Gold Partner and one of the top Microsoft Premier Project Partners in the German-speaking countries. The company’s management team, composed of internationally acknowledged specialists in EPM, collectively has over 60 man-years experience with Microsoft Project since Version 1 Beta appeared in 1989. The Project Group is a member of the Partner Advisory Council, an international advisory committee for the Microsoft Project development team, which counts only twenty members worldwide.

The US based subsidiary TPG America Inc. is based close to Philadelphia, PA, and is responsible for TPG customers on the American continents.

The Project Group’s customer base includes global enterprises like Agip, ATLAS, Audi, Bayerischer Rundfunk, Bentley, Bosch, British Aerospace, Cognis Spezialchemie, DaimlerChrysler, Israel Aircraft Industries, Irish Rail, Keiper-Recaro, LFA Förderbank Bayern, LSI/Agere, MAN, Microsoft, Miele, Roche, SAP, Schukra, Siemens, Swisscom, Texas Instruments, WDR and others.

The Project Group
Neherstr. 9
81675 Munich/Germany

www.theprojectgroup.com/index_e.html
Press contact: Mr. Achim Schmidt-Sibeth
Email: AchimS@theprojectgroup.de
Phone: 49 (89) 61 55 93 51
Fax: 49 (89) 61 55 93 40