CSI - The Center for Data Warehousing Acquires DeLeeuw Associates, Inc.
February 26 2004 - 4:56PM
PR Newswire (US)
CSI - The Center for Data Warehousing Acquires DeLeeuw Associates,
Inc. EAST HANOVER, N.J., Feb. 26 /PRNewswire-FirstCall/ --
Conversion Services International, Inc. (CSI - The Center for Data
Warehousing) (OTC Bulletin Board: CSII.OB) ("CSI"), a leading
provider of management consulting, business intelligence and data
warehousing services & solutions for Global 1000 and other
businesses, announced today that it has acquired DeLeeuw
Associates, Inc. The terms of the transaction were not disclosed.
DeLeeuw Associates, based in Wayne, N.J., is a management
consulting firm specializing in integration, reengineering and
project management for financial services firms. Their associates
have significant experience delivering value in large-scale,
fast-paced projects within all financial services sectors and
functional areas. DeLeeuw Associates has managed and supported some
of the largest merger projects in the history of the financial
services industry. With over 30 consultants engaged in theirLean
and Six Sigma methodology, DeLeeuw Associates provides their
clients with rapid, quality results. They leverage Lean to combine
process speed and deployment benefits with increased customer
satisfaction, reduced costs, and improved revenues and profits.
Their clients include Bank of America, TD Waterhouse and Bank One.
"DeLeeuw Associates is a strategic fit for CSI. We anticipate
leveraging each Company's complimentary services within the
financial services industry. We have already begun the process of
introducing Lean & Six Sigma into our current service
offerings," stated Scott Newman, CEO of CSI. Founded in 1991 by
CEO, Bob DeLeeuw, the Company enjoys a stellar reputation for the
value that they supply. Bob currently serves as a memberof the
Editorial Advisory Board of Bank Technology News and has been
published in American Banker, Mortgage Banking Magazine, The
Journal of Consumer Lending and Bank Technology News. He has been a
guest speaker at the Bank Administration Institute, Mortgage
Banking and other industry conferences. "We look forward to joining
CSI as we strongly believe in their business plan and vision for
the next several years. Their experienced management team and sales
force were very attractive to us," stated Bob DeLeeuw. About
Conversion Services International, Inc. CSI -- The Center for Data
Warehousing is a leading provider of a new category of professional
services that embraces IT management consulting, data warehousing,
business intelligence consulting and e-Business solutions. CSI
offers an array of products and services to help companies define,
develop and implement the warehousing and strategic use of both
enterprise-wide and specific categories of strategic data. CSI's
current customers include Verizon Wireless, Morgan Stanley, Pfizer,
Goldman Sachs, Merck and Standard & Poor's. Note on
Forward-Looking Statements This press release may contain
forward-looking statements relating to the business, operations and
strategies of CSI that are based on current expectations, estimates
and projections. Words such as "expects," "intends," "plans,"
"projects," "believes," "estimates," and similar expressions are
used to identify these forward-looking statements. These statements
are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict.
Forward-looking statements are based upon assumptions as to future
events that may not prove to be accurate. Actual outcomes and
results may differmaterially from what is expressed or forecasted
in these forward-looking statements. As a result, these statements
speak only as of the date they were made, and CSI undertakes no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. CSI's actual results may differ from the
forward-looking statements for many reasons, including: the
business decisions of its clients regarding the use of its
services; the timing of projects and their termination; the
availability of talented professionals to provide CSI's services;
the pace of technological change; the strength of CSI's joint
marketing relationships and the actions of current or future
competitors. In addition, these statements could be affected by
domestic and international economic, political and other conditions
such as terrorism or war. DATASOURCE: Conversion Services
International, Inc. CONTACT: Mitchell Peipert, Vice President and
Chief Financial Officer of CSI, +1-973-560-9400 ext. 2088,
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