Charlotte, NC; February 3, 2011 — DecisionPoint International, a leader in M&A advisory services for middle-market technology companies, announced today that its client Dinero Solutions (“Dinero” or “Company”), a leading Oracle, Oracle On-Demand, and PeopleSoft Certified Partner, has been acquired by Emtec, Inc. (“Emtec”), a publicly traded (OTCBB: ETEC) system integrator. Terms of the transaction were not disclosed.
Founded in 2000 with corporate headquarters in the greater metro-Atlanta area, Dinero has built its success around an expert team of experienced Oracle application and implementation specialists. This acquisition enables Emtec to offer its clients complementary capabilities around the Oracle EBS product suite. Dinero delivers specialized solutions to Fortune 500 enterprises as well as small and medium sized businesses with a primary focus in the Financial Services, Utilities and Distribution industries. Clients include Green Mountain Power, CSX, Cellular South, Nordstrom, and Friedman, Billings & Ramsey.
“Dinero has an established track record of delivering high quality Oracle consulting and implementation services for their clients and this combination with Emtec gives them an exciting opportunity to accelerate growth as a part of a larger organization “, said Tom Wilson, Managing Director at DecisionPoint.
“Dinero has enjoyed double digit revenue growth and profitability over the past seven years while continuing to refine its strategic focus on Oracle EBS implementations and complementary custom software development,” said Dinesh Desai, CEO, President, and Chairman of Emtec. “By integrating these skills into our growing consulting organization, we can implement, maintain and support our clients’ ERP applications in an efficient and timely manner.”
About Dinero Solutions
Dinero Solutions, headquartered in Duluth, Georgia is a recognized leader in the Southeast for providing innovative Oracle enterprise professional services to mid-market and Fortune 1,000 companies. Dinero Solutions has helped Utility, Technology, Financial Services, and Retail Companies in over 30 states within the US and 12 countries around the world implement individual modules or the full suite of Oracle Applications to build a competitive business advantage. Dinero Solutions is also a certified Oracle On Demand and ReadSoft solutions provider. For more information, please visit www.dinerosolutions.com.
Emtec, Inc. established in 1964, provides information technology (“IT”) services and products to the federal, state and local government, education and commercial markets. Emtec helps clients identify and prioritize areas for improvement and then implement process, technology and business application improvements that reduce costs improve service and align the delivery of IT with the needs of their organizations. Emtec’s market leading value based management methods, coupled with best-in-class IT technology, consulting and development services, allow us to address a wide range of specific client needs, as well as to support broader IT transformation initiatives. Emtec’s service capabilities span the USA, Canada and countries around the globe. For more information, please visit www.emtecinc.com.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Tom Wilson, Managing Partner; (704) 248-1124; .