Conversion Services International (CSI) Announces Acquisition of Integrated Strategies, Inc.
August 01 2005 - 9:02AM
PR Newswire (US)
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., Aug. 1
/PRNewswire-FirstCall/ -- Conversion Services International, Inc.
(OTC:CSII) (BULLETIN BOARD: 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." About Conversion Services
International, Inc. Conversion Services International, Inc. (CSI)
is a leading provider of a new category of professional services
focusing on strategic consulting, data warehousing, business
intelligence, business process reengineering, as well as
integration and information technology management 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. Information about
CSI can be found on the web at http://www.csiwhq.com/ or by calling
its corporate headquarters at 888-CSI-5036. Note on Forward-Looking
Statements Except for the historical information contained herein,
this press release contains, among other things, certain
forward-looking statements, within the meaning of the Private
Securities Litigation Reform Act of 1995, which involve risks and
uncertainties. Such statements may include, without limitation,
statements with respect to CSI's plans, objectives, expectations
and intentions and other statements identified by words such as
"may," "could," "would," "should," "believes," "expects,"
"anticipates," "estimates," "intends," "plans" or similar
expressions. These statements are based upon the current beliefs
and expectations of CSI's management and are subject to significant
risks and uncertainties, including those detailed in CSI's filings
with the Securities and Exchange Commission. Actual results may
differ from those set forth in the forward-looking statements.
These forward-looking statements involve certain risks and
uncertainties that are subject to change based on various factors
(many of which are beyond CSI's control). CSI undertakes no
obligation to update publicly any forward-looking statements. Note
to editors: Trademarks and registered trademarks contained herein
remain the property of their respective owners. DATASOURCE:
Conversion Services International, Inc. CONTACT: Jeanne Achille,
The Devon Group, +1-732-542-2000, ext. 11, , for Conversion
Services International Web site: http://www.csiwhq.com/
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