TSR, Inc. Acquires Geneva Consulting Group
September 01 2020 - 4:05PM
Business Wire
TSR, Inc. (Nasdaq: TSRI), a provider of information technology
consulting and recruiting services, today announced it has acquired
Geneva Consulting Group, Inc., a provider of temporary and
permanent information technology personnel based in Port
Washington, NY.
Thomas Salerno, CEO stated “Geneva has been a well-respected,
top tier firm in the staffing industry since 1997 and we look
forward to welcoming their highly skilled team to our family. We
will seamlessly continue to provide exceptional service to their
clients and offer them additional services to further support their
staffing needs.”
Laura Torrillo, President of Geneva said “Our family has had the
wonderful opportunity of building Geneva and we believe that the
time is right to make this transition. Thomas and his team share
our values and we believe our employees, consultants and clients
will reach even greater heights with the additional resources
available from TSR.”
Thomas Salerno continued, “We believe this acquisition fits very
well with TSR’s new Board of Directors’ overall strategic vision of
accelerating growth and improving returns for shareholders.”
The Company will file a Form 8-K with further details regarding
this acquisition at www.sec.gov.
Certain statements contained herein, including statements as to
the Company’s plans, future prospects and future cash flow
requirements are forward-looking statements, as defined in the
Private Securities Litigation Reform Act of 1995. Actual results
may differ materially from those set forth in the forward-looking
statements due to known and unknown risks and uncertainties,
including but not limited to, the following: the statements
concerning the success of the Company’s plan for growth, both
internal and through the previously announced pursuit of suitable
acquisition candidates; the successful integration of announced
acquisitions and any anticipated benefits therefrom; the impact of
adverse economic conditions on client spending which have a
negative impact on the Company’s business, which includes, but is
not limited to, the current adverse economic conditions associated
with the COVID-19 global health pandemic and the associated
financial crisis, stay-at-home and other orders; risks relating to
the competitive nature of the markets for contract computer
programming services; the extent to which market conditions for the
Company’s contract computer programming services will continue to
adversely affect the Company’s business; the concentration of the
Company’s business with certain customers; uncertainty as to the
Company’s ability to maintain its relations with existing customers
and expand its business; the impact of changes in the industry such
as the use of vendor management companies in connection with the
consultant procurement process; the increase in customers moving IT
operations offshore; the Company’s ability to adapt to changing
market conditions; the risks, uncertainties and expense of the
legal proceedings to which the Company is a party; and other risks
and uncertainties described in the Company’s filings under the
Securities Exchange Act of 1934. The Company is under no obligation
to publicly update or revise forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20200901006016/en/
Thomas Salerno, CEO 631-231-0333
tsalerno@tsrconsulting.com
TSR (NASDAQ:TSRI)
Historical Stock Chart
From Aug 2024 to Sep 2024
TSR (NASDAQ:TSRI)
Historical Stock Chart
From Sep 2023 to Sep 2024