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FMAudit Names Kevin Tetu New President and CEO

22 Jan, 2008

FMAudit Names Kevin Tetu New President and CEO

JEFFERSON CITY, MO (January 22, 2008) - FMAudit has named Kevin Tetu as the new President and CEO. Kevin Tetu along with Daniel Ricardo and Greg Allen founded FMAudit in 2003. Since that time Kevin has continued to be a major stock owner while serving as VP of Technology. His vision and insight into the office equipment industry helped position FMAudit as the industry leader, with a base of customers and monitored assets that outnumber all other solutions combined.

“FMAudit remains committed to our customers and will continue to provide leading edge solutions.” stated Kevin Tetu, CEO of FMAudit. “We’re the only provider of solutions such as FMAudit that markets solely to the dealers of the office equipment industry, and as a result we’re the only company that ensures the value will remain in the dealers’ hands.”

With prior experience and having developed and sold an industry-leading cost recovery solution to a company by the name of Print, Inc., Kevin’s experience in software solutions for the office equipment industry pre-dates FMAudit's formation in 2003. While at Print Inc. Kevin played a crucial role in the design and build of Print’s unique infrastructure and market approach, defining many of the key elements used today in managed print services.

“The most common question we’re asked today…” stated Greg Allen COO of FMAudit. “Who is FMAudit? Our year 2008 initiatives will increase market awareness and will help clarify the answer for the industry.”

In its early years FMAudit pioneered print assessment, filing multiple patent applications for its award winning Viewer USB and WebAudit applications; due for patent approval in the first quarter of 2008. FMAudit has maintained its industry lead position in products for assessment and moving forward has the strongest foundation with its newest WebAudit, a browser based assessment and on-demand meter collection for billing technology.

More recently FMAudit released solutions allowing dealers who collect meters for billing purposes to submit them direct into their ERP system. Both the dealer and their customer are now removed from the costly collection process, while increasing accuracy and timeliness. Today FMAudit Central is the only solution capable of communicating with the ERP prior to submitting meters, thus eliminating more than 90% of the manual intervention, truly delivering on the promise of automated meter collection.

With its new endeavors in the first quarter of 2008, FMAudit will release its Adaptive Service Management (ASM) module for Central. “While observing both managed and non-managed assets in a customer’s fleet, ASM will transform a dealers’ service department from a re-active to pro-active service model.” stated Greg Allen. Supply levels are actively monitored, informing a dealer when it’s time to replenish supplies for their fleet of assets… before they run out, and when to react to new sales opportunities on their competitors or customer owned assets. The significance of ASM is a result of its extensive intelligence in filtering and subsequent action processing with alerts sent direct into the dealers’ ERP system. “ASM is yet another milestone for FMAudit.” stated Kevin Tetu, “ASM improves on other solutions which until now have only inundated the dealers’ service department with redundant emails that ultimately erodes their service profit.”

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