RCM Technologies, Inc. (NASD:RCMT) announced the acquisition of NuSoft
Solutions (“NuSoft”),
one of the leading Microsoft consulting firms headquartered in the
Midwest, specializing in Enterprise Business and Technology Solutions.
NuSoft is a Microsoft Gold-Certified Partner and Dell Partner with
multiple centers of excellence and sales locations. Revenues for NuSoft
in 2007 were approximately $16 million.
NuSoft provides its customers with comprehensive enterprise solutions
across numerous aspects of the technology spectrum, including Business
Intelligence, Collaboration and Portals, Custom Application Development,
Education Systems, Embedded Expertise and Infrastructure Design. Among
its major customers are Cooper Standard, Dell, EquaTerra, Federal Mogul,
Manatron, Meijer, Microsoft, Robertson Technologies, Spectrum Health,
Waste Management and Zondervan. Dale Mansour, Founder, President and
CEO, and Keith Brophy, President of Services, will continue to manage
NuSoft’s operations as part of RCM’s
Enterprise Business Solutions Group, which is led by Brian Whitefield,
Senior Vice President at RCM.
The RCM Enterprise Business Solutions Group’s
core business mission is to continue its strategic transformation
designed to focus on developing proprietary customized solutions and
intellectual property by bundling software, systems, tools and services
into integrated business and technology solutions. NuSoft has proven
expertise in serving multiple areas of an enterprise’s
complex technology structure, which RCM believes will fit well with RCM’s
strategy. By acquiring NuSoft, RCM has added a foundational technology
layer to its already strong and diverse Enterprise Business Solutions
Group, whose role includes being an authorized sales agent and reseller
for some of the world’s largest software
firms. The combination of NuSoft’s and RCM’s
existing enterprise offerings in Enterprise Resource Planning (ERP),
Enterprise Asset Management (EAM), Customer Relationship Management
(CRM), Product Lifecycle Management (PLM) and Lean Process Consulting is
expected to provide RCM with a competitive advantage by allowing
customers and prospects to select a single partner for many or all of
their complex enterprise business and technology needs.
Leon Kopyt, Chairman and CEO of RCM, commented: “We
are very pleased to welcome NuSoft into the RCM family. We anticipate
that their top notch Microsoft expertise will advance and competitively
strengthen RCM as a premier single-source provider of business and
technology solutions having a strong vertical focus and offering an
integrated suite of services. The continued consolidation of global
enterprise software companies has created a more complex and challenging
technology landscape which affects companies of all sizes. RCM’s
comprehensive enterprise solutions strategy is designed to address the
resultant challenges of integrating back-end functions, bridging
functionality gaps and mitigating business process issues.”
Mr. Kopyt also announced that RCM has executed two additional
non-binding letters of intent with companies having capabilities that
are compatible and complementary to those of NuSoft. “These
potential acquisitions would further enhance RCM’s
position as the go-to partner for complete and comprehensive enterprise
business solutions,” added Mr. Kopyt.
Dale Mansour, CEO of NuSoft Solutions, said: “Joining
RCM presents an exciting opportunity for NuSoft’s
customers, employees and business partners. NuSoft is recognized as one
of the most preeminent Microsoft consulting firms in the country
delivering transformational solutions by leveraging the full breadth of
Microsoft products. We have assembled a talented and motivated team,
acquired blue chip customers and built strong partnerships. By joining
RCM, we gain strong leadership, vast experience, rapid scalability and
national delivery. Moreover, we are delighted to join RCM because of our
mutual technological and cultural synergies. NuSoft was founded on the
premise of earning our customers’ business
every day, and such premise is favorably aligned with RCM’s
customer-centric business approach.”
About RCM
RCM Technologies, Inc. is a premier provider of business and technology
solutions designed to enhance and maximize the operational performance
of its customers through the adaptation and deployment of advanced
information technology and engineering services. RCM is an innovative
leader in the design, development and delivery of these solutions to
commercial and government sectors for more than 35 years. RCM’s
offices are located in major metropolitan centers throughout North
America. Additional information can be found at www.rcmt.com.
The Statements contained in this release that are not purely historical
are forward-looking statements within the Private Securities Litigation
Reform Act of 1995 and are subject to various risks, uncertainties and
other factors that could cause the Company's actual results, performance
or achievements to differ materially from those expressed or implied by
such forward-looking statements. Forward looking statements include, but
are not limited to, those relating to demand for the Company’s
services, expected demand for our services and expectations regarding
our revenues, the Company's ability to continue to utilize goodwill, to
continue to increase gross margins, to achieve and manage growth, to
develop and market new applications and services, risks relating to the
acquisition and integration of acquired businesses, the ability of the
Company to consummate acquisitions as to which it executes non-binding
letters of intent, demand for new services and applications, timing of
demand for services, industry strength and competition and general
economic factors. Investors are directed to consider such risks,
uncertainties and other factors described in documents filed by the
Company with the Securities and Exchange Commission.
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