Tax Incentives Industry Shake Up. Incentive Veterans Synergi Partners Acquires Neon

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Synergi Partners Inc. acquired Neon Workforce Technologies Inc. to position itself as the industry leader in hiring credits and tax incentives.

Synergi Partners is enthused to bring years of practice and understanding to the table by advancing clients' results and enhancing the technology and service.

Synergi Partners Inc. acquired Neon Workforce Technologies Inc. to position itself as the industry leader in hiring credits and tax incentives. Federal stimuluses like the Work Opportunity Tax Credit provide employers with targeted financial impetuses to employ qualified workforces from impacted groups including people with disabilities and veterans who have historically faced major barriers. Depending on employees' eligibility, the length of their employment and meeting compliance deadlines, authorized revenue may range between $1,200 and $9,600 per hire.

Synergi recruited some of the industry's leading tax credit experts, which possess more than 140 years combined know-how. Jim Brown, Synergis Chief Executive Officer, was an SMS founder during the early days of tax incentive industry. Mr. Brown was CEO until 2003 when ADP acquired SMS. He served as Senior VP of Tax Credits and Government Relations for over 14 years. Mr. Brown is renowned for his relentless drive for excellence and client service. "Neon has built a powerful foundation of clients and its alliance partners," said Mr. Brown. "Synergi Partners is enthused to bring years of practice and understanding to the table by advancing clients' results and enhancing the technology and service," he added.

Kerstin Nemec, Synergi Partners' Chief Service and Product Officer, was the National Partner-in-Charge of KPMG's Credits & Incentives Practice. Ms. Nemec also served as a Senior VP at GE Money and led the National Practice at ADP. She is a founding partner and board member of Med-Enroll Inc. Ms. Nemec specializes in developing cost saving solutions for businesses and consumers. "Synergi will invest leadership and innovate its service capabilities to grow Neon," Ms. Nemec said. "Moving forward," she added, "the company will rebrand and operate under Synergi Partners becoming the leading tax incentive provider nationwide," Ms. Nemec added.

Tim Norwood, Synergi Partners' Executive VP of Sales and Government Relations, has consulted on some of America's largest companies concerning tax credits, regulatory compliance, and employee screening. He is known as a trusted advisor among industry insiders. He was formerly a principal with SMS. Upon acquisition by ADP, Mr. Norwood served as Vice President of Sales. He also serves on the board of Med-Enroll, Inc.

Neon CEO Shannon Scott and COO Chad Witcher will remain with the company as shareholders. Shannon will serve as Executive VP of Sales, Alliances and Strategy. Chad Witcher will serve as Executive VP of Operations.

About Synergi Partners
Synergi Partners is comprised of tax credit veterans that have owned, built and/or managed various tax credit business at SMS, ADP and KPMG. They have experience serving clients of all sizes but specialize in Fortune 1000 in industries such as hospitality, retail, financial services, healthcare, food services, and temporary staffing. Their core mission is to provide the best service and solutions to help clients with their tax incentive needs. They are headquartered in Florence, South Carolina. http://www.synergipartners.com

About Neon
Neon has been providing tax credit services for over 20 years and currently serves over 1,500 clients with 45,000 client locations. Their exclusive partner relationships and integration with government agencies and achievement of the highest industry compliance rating stand as a testament to their knowledge. Neon is one of the largest privately held, employment-based tax credit recovery providers.

Neon is headquartered in Gadsden, AL. Learn more at http://www.neonworks.com.

Media Contacts:

Kerstin Nemec                            
843-519-0801                    
knemec(at)synergipartners(dot)com

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