Symphony Service Corporation (Symphony Services), a global business services outsourcing partner that assures results and time-to-market for its clients, announced that it has closed on its previously announced agreement to acquire Stonehouse Technologies, Inc. (STI), a subsidiary of nStor Technologies, Inc..  In addition, Symphony Services announced that Dan Afrasiabi, former president and COO of STI, has been named president of Symphony Services' Cost Management Group (CMG). 

As president and COO of STI, a Dallas, TX-based provider of telecommunications expense management outsourcing and software solutions, Dan was responsible for all aspects of the company's business operations, helping to grow the company and guide its success in managing telecommunication expenses for large corporate and government clients.  

 "Enterprises have been looking for a service provider with spend analytics capabilities flexible enough to meet the ever-changing needs of their businesses," added Gordon Brooks, president and CEO of Symphony Services.  "The expertise and experience that Dan brings to Symphony Services will insure that we fill the void and give clients the total expense management outsourcing and software solutions they're asking for."

Symphony Services' CMG monitors, manages and minimizes its clients' indirect costs through proprietary software and technology-enabled outsourcing services.  The company's full suite of flexible telecommunications and IT expense management outsourcing and software solutions provide clients with a global view of all expenses, including costs generated by assets, work orders, usage and service provider invoices--as well as all key business processes associated with such expenses, such as vendor invoice management, provisioning, and billing/chargeback.  Serving as a true extension of its client's internal team, CMG also offers associated services to help control and reduce overall costs, including strategic sourcing, optimization, spend analysis, invoice reconciliation and contract renegotiation.

 

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