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Article Excerpt
Acquisition will establish TechTeam's presence in the software development market and expand its service offerings in the systems integration and consulting services business segment
SOUTHFIELD, Mich., Oct. 3 /PRNewswire-FirstCall/ -- TechTeam Global, Inc., , a worldwide provider of information technology (IT) and business process outsourcing support services, today announced that it has purchased all of the outstanding stock of Akela Informatique SRL (Akela), effective as of today. Akela is a premier provider of custom software solutions and off-shore development center outsourcing services headquartered in Bucharest, Romania. In addition to providing software product design services, Akela supplies application development, migration, implementation, and maintenance support for its more than 200 clients in Romania, France, the United Kingdom, Switzerland, Belgium, Italy, Sweden and the United States. Founded in 1998, Akela also implements human resource information systems, integrated management systems, and document management systems, has been a Microsoft Certified Partner since 2000, and has implemented and maintained an ISO 9001:2000 certified quality management system, designed according to the SEI Capability Maturity Model Integration (SEI CMMI) and ISO 12207 norms and regulations.
Akela posted total revenues of approximately $1.23 million and net income of approximately $184,000 for the sixth...
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