Charlotte, NC; August 28, 2007 - DecisionPoint International, a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its client, Global Consultants, Inc. ("GCI" or "Company"), one of the fastest growing providers of end-to-end information technology services and solutions worldwide, has acquired Blue Hammock, Inc. ("Blue Hammock"), a Pennsylvania-based company focused on the strategy and delivery of comprehensive services in Data Warehousing and Business Intelligence. This latest deal continues GCI's growth strategy of bolstering its competencies.
GCI, headquartered in Edison, NJ, is recognized as one of the fastest growing information technology consulting and services firms in the USA. The Company has been providing world-class IT consulting services and solutions to Fortune 2000 customers since 1991. Founded in 2000, Blue Hammock provides comprehensive services in Data Management, Business Intelligence, Data Quality, and Data Integration, working from Strategy through Implementation.
"When GCI received $30 million in equity funding from Oak Investment Partners last year, part of the goal was to pursue diverse acquisitions that would broaden our range of expertise in different practices, including Data Warehousing and Business Intelligence" said Dominick Cavuoto, Chief Executive Officer of GCI. "Blue Hammock's proven abilities in those areas, as evidenced by a long successful track record with both mid-market and Fortune 1000 clients, dovetails nicely with our overall vision and goals."
GCI had over $250 million in total sales in 2006, resulting in year-over-year increase of over 35%. 2007 is projected to be the most successful year ever. The company is now well positioned as one of the leading mid-size IT service companies in the industry.
Under the terms of the deal, the employees of Blue Hammock will become part of GCI, which will substantially expand the company's domain expertise in Data Warehousing and Business Intelligence. Eric Carlson, currently Chief Executive Officer of Blue Hammock, will assume duties as a Senior Vice President of GCI, which will include leading the Data Warehousing and Business Intelligence division.
"This is a win for our clients as well as our employees," said Eric Carlson, Chief Executive Officer of Blue Hammock. "Our clients will benefit from the expanded set of delivery capabilities we can now offer. In addition, our employees will be presented with significant growth opportunities by becoming involved with more diverse projects. We are all looking forward to adding to the tremendous success of GCI."
GCI primarily services Global 2000 customers in a range of industries, including financial services; technology, communications & media; and manufacturing, retail and logistics. Services provided range from information technology application development and maintenance, Web 2.0 services, enterprise software solution deployment, eBusiness implementations, to quality assurance and testing and other highly specialized technology offerings.
About Global Consultants, Inc.
Established in 1991, Global Consultants, Inc. (GCI) is one of the fastest growing end-to-end information technology services and solutions firms worldwide. GCI's client-centric philosophy, commitment to service excellence and BestShore™ global engagement model enables its Fortune 500 clients to succeed in today's global digital economy. With over 3500 IT professionals globally, GCI provides onsite, offsite and offshore technology services and solutions to leading financial services; technology, communications & media; and manufacturing, retail and logistics corporations. The privately held company has offices in the U.S., Europe, and India including five existing global delivery centers. For more information, visit www.g-c-i.com.
About Blue Hammock, Inc.
Blue Hammock is focused on transforming our clients' data into valuable information. Through our comprehensive services in Data Management, Business Intelligence, Data Quality, and Data Integration, Blue Hammock works from Strategy through Implementation. The company's goal is to deliver data management excellence through measurable, tangible benefits in these areas. Blue Hammock focuses on the ROI of any implementation. The Blue Hammock management team has been delivering data management and business intelligence solutions to mid-market and Fortune 1000 clients for over 15 years. From corporate wide data strategy through tactical implementation successes, Blue Hammock delivers - on time and on budget. For more information, visit www.bluehammock.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: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.