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Conversion Services International (CSI) Announces Acquisition of Integrated Strategies, Inc.
-Expands CSI's Merger & Acquisition Integration and Process Change Management Practices; Adds Further Industry Expertise in Key Target Market-
EAST HANOVER, N.J. (August 1, 2005) - Conversion Services International, Inc. (OTCBB: CSII) ("CSI"), a premier professional services firm focused on delivering the value in business intelligence, data warehousing and data management solutions to Global 2000 organizations and other businesses, today announced its acquisition of Integrated Strategies, Inc. Terms of the acquisition were not disclosed.
With offices in New York City and Tampa, Fla., Integrated Strategies, Inc. is a professional services firm with a solutions-oriented approach to complex business and technical challenges. Similar to CSI's wholly owned subsidiary, DeLeeuw Associates, which is best known for its large-scale merger integration management and business process change programs for the financial services markets, Integrated Strategies also counts many industry leaders in this sector among its customers. Because of this shared focus, the operations of Integrated Strategies will be folded into DeLeeuw Associates, which CSI acquired in 2004.
Bob DeLeeuw, CSI's Senior Vice President and founder and President of DeLeeuw Associates, said, "Since CSI's acquisition of DeLeeuw Associates last year, this division's business has grown two-fold. The addition of Integrated Strategies will add depth and should accelerate our ongoing organic business growth in the financial services industry and expand our geographic footprint, especially into the Midwest region." He continued, "For 15 years, DeLeeuw Associates has been at the center of some of the largest change events in financial services history. Now, with the addition of Integrated Strategies as well as the breadth of CSI's team and offerings, our enlarged capacity means we'll be well prepared to address more of the dynamic business needs of the financial services industry going forward."
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