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ToolWatch Gains GSA Approval
ENGLEWOOD, Colo., Apr. 26, 2005—The General Service Administration's (GSA) recent approval of ToolWatch Corporation's products makes it easier for federal customers to purchase the company's powerful tool tracking and management software.
"GSA approval opens the door for us to reach government clients, a group that stands to benefit greatly from our ToolWatch SE product," said Don Kafka, ToolWatch president. "More importantly, this makes it much simpler for government clients to access our products."
ToolWatch has been approved under GSA Schedule 70 to provide its core product, ToolWatch SE, an enterprise level tool tracking and management system. Additionally, ToolWatch is approved to provide maintenance, software licenses and training programs. As a result, federal customers now have access to these products without a bidding process. Also, the GSA schedule sets discounted prices specifically negotiated for government customers.
The ToolWatch system helps organizations maximize the use of their tools, equipment and supplies, reducing costs associated with tool retention and loss. Increased federal access to this tool management software helps federal agencies improve retention of valuable assets and increase efficiency by making sure tools are available when they are needed. In a government setting, this translates to better use of taxpayer money.
ToolWatch software and services are listed on the GSA-managed Web site, GSA Advantage! (www.GSAAdvantage.gov), which serves as a catalog for products listed on GSA contracts. Online access to contract ordering information, terms and conditions and up-to-date pricing are available on the site.
About ToolWatch Corporation
Founded in 1991, ToolWatch is the world's leading provider of tool tracking and management systems, combining easy-to-use ToolWatch data collection devices with a powerful database system. Its technology enables the tracking and management of equipment inventory from the office, tool crib or any field location, delivering significant savings of both time and money to companies of all sizes. In addition to its core competency of tool and equipment management, ToolWatch systems also facilitate billing, purchasing and theft prevention functions. ToolWatch has more than 6000 installations in 20 countries around the world. Its client base includes General Electric, AT&T, J.E. Dunn, Parsons Electric, Inc., Peter Kiewit Sons', Inc., Turner Industries Group, L.L.C., Caterpillar, Chrysler Motors, Lockheed Martin, Procter and Gamble, Lucent Technologies, W.G. Yates & Sons Construction Co. and Walt Disney World.
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