CGS Restructures to Enhance Market Focus
Computer Generated Solutions, Inc. (CGS), a leader in software applications, enterprise learning, and customer experience, has announced a significant restructuring initiative. This change results in the formation of four independent legal entities, effectively positioning each to better serve their distinct markets and accelerate growth. The restructuring showcases CGS's commitment to innovation and operational efficiency.
New Independent Entities
Following the restructuring, the four new companies are:
Computer Generated Solutions, Inc.
This entity focuses on CGS's applications software development and features the renowned BlueCherry supply chain management platform, designed specifically for fashion brands, retailers, and manufacturers.
CGS Global Immersive Inc.
This division emphasizes cutting-edge technology offerings, including artificial intelligence (AI) and extended reality (XR), aimed at enhancing workforce upskilling and collaborative efforts in dynamic environments.
CGS Global Learning Inc.
Focusing on business transformation, this company delivers strategic consultations and training solutions, ensuring robust corporate learning and development programs tailored for enterprises.
CGS Global Technology Services Inc.
This entity encompasses CGS's comprehensive outsourcing solutions, combining front-, middle-, and back-office capabilities across locations such as Romania, Israel, India, Chile, and Colombia. It is designed to help clients streamline operations and focus on their core growth areas.
Leadership and Vision
Phil Friedman, the founder and CEO of CGS, moves into the role of Executive Chairman for each newly formed company. Under his leadership, the companies are set to thrive with strategic direction from seasoned executives who understand the nuances of their respective industries.
A Proactive Approach to Growth
Friedman expressed pride in CGS’s journey over the last four decades and the innovations achieved through teamwork. He believes that the structured focus will enable these newly formed companies to address client challenges more effectively in rapidly changing markets.
Experienced Board Members
Each new company boasts seasoned boards of directors composed of industry leaders:
Ari Hoffman at Computer Generated Solutions, Inc.
A significant figure in fashion, Ari Hoffman’s extensive experience with global brands aids CGS in connecting with key stakeholders and driving growth and retail transformation.
Kamal M. Bherwani at CGS Global Immersive Inc.
This technology leader's expertise in AI and digital transformation promises to yield innovative solutions that can adapt to pressing market needs.
Steven M. Goldman at CGS Global Learning Inc.
A former Commissioner with a background in finance and regulatory policy, Goldman contributes nuanced insights that help steer the company through regulatory landscapes.
Betzalel Kenigsztein at CGS Global Technology Services Inc.
Bringing a wealth of experience from the telecommunications industry, he is essential in optimizing operational efficiency across the organization.
About CGS
With over 40 years in the business, CGS is dedicated to helping companies and agencies achieve exceptional results through comprehensive solutions tailored to their needs. With a strong global presence, CGS continues to equip its partners with the necessary tools for success, positioning itself as a leader in transforming and enhancing corporate performance.
Frequently Asked Questions
What prompted CGS to restructure into four independent entities?
The restructuring aims to sharpen each company's focus, facilitate growth, and enhance service delivery in their respective markets.
Who is leading the newly formed companies?
Phil Friedman transitions into the role of Executive Chairman, guiding the vision and strategy for each company alongside veteran executive teams.
What services do the new companies offer?
The companies focus on various areas, including software development, AI and immersive technology, business learning, and comprehensive outsourcing solutions.
How does this restructuring benefit clients?
Clients will benefit from specialized services tailored to address their unique challenges in a quickly evolving market landscape.
Where are CGS's headquarters and global offices located?
CGS is headquartered in New York City, with operations across North America, South America, Europe, Asia, and the Middle East.
