Senior Technology Executives Seen Trailing Peers in Focus on Non-Core Expense Management

Toronto — May 20, 2009 — Just 31 percent of senior executives in the technology industry in North America view non-core expense management as important, significantly trailing other leaders in the services and manufacturing industries, according to a three-year study conducted by MGPS, a management consulting firm specializing in expense management.

MGPS said the study, which stemmed from interviews with nearly 150 senior executives in a range of industries from 2005 to 2008, underscores the gap among leaders in various industries and the attention they place on non-core expense management. The median company polled had annual revenues of $464 million and more than 1,400 employees.