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Conversion Services International, Inc. to Acquire Assets of Evoke Software Corporation
East Hanover, NJ (May 27, 2004) – Conversion Services International, Inc. (CSI – The Center For Data Warehousing) (OTCBB: CSII) ("CSI"), a leading provider of management consulting, business intelligence and data warehousing services and solutions for Global 1000 organizations and other businesses, announced today that it entered into a definitive agreement to acquire substantially all of the assets and assume substantially all of the liabilities of Evoke Software Corporation, a leading provider of data discovery and profiling technology and a supplier to CSI in consideration of cash, the issuance of CSI common stock and other forms of consideration. The terms of the acquisition were not disclosed. The integration of CSI’s “core competency” expertise, “best practices” and methodologies with the best-in-class Evoke Axio platform will offer a comprehensive solution to Fortune 1000 companies seeking to improve the quality, integrity and utilization of corporate information assets. The ability to leverage a complete solution to reduce risk, improve time to market and enable organizations to measure, manage and monitor the quality and completeness of corporate information has become a top priority for large enterprises, information technology executives and business users.
"In a data warehouse project, most enterprises focus on identifying the data they need to analyze, extracting that data and loading it to the warehouse. They generally do not think about the quality of the data, allowing flaws to be propagated to the warehouse. The majority of data warehouse project teams do not allocate the necessary time and resources to analyze the source data in advance of or during the implementation" said Ted Friedman, principal analyst of Gartner, Inc. "Most visible to management is the growing dissatisfaction with the quality of data in business intelligence-oriented data structures such as data warehouses."
Scott Newman, CSI's President, Chief Executive Officer and Chairman, stated, "CSI has been successfully leveraging the Evoke Axio data discovery and profiling technology suite as a component of our ‘best practices’ approach and methodology within data warehousing, business intelligence, data migration and conversion engagements. This acquisition comes on the heels of our first quarter acquisitions of DeLeeuw Associates, Inc., a management consulting firm specializing in integration, reengineering and project management for financial services firms, and the business intelligence consulting division of Software Forces, LLC. The combination of people, processes and technologies that we have developed present a unique value proposition to our clients to optimize the use of business intelligence within their organizations."
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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