Mergers and Acquistions News
Categories: BPO
February 18th 2010, 18:12PM
A management consultancy firm that has completed a number of projects in the UK has been acquired by system implementation and integration consultancy.
Blue Horseshoe announced it has purchased TransTech Consulting Inc, with the deal having now been finalised.
Its staff have remained in their current management roles and TransTech has a history of working with its buyer.
Kevin Paul, vice president of Blue Horsehoe, emphasised the fact that the deal will allow it to provide an integrated software solution under on roof.
He said: "We are very excited to add TransTech's expertise, capabilities and global reach to existing Blue Horseshoe service offerings."
Mr Paul highlighted the fact that the deal has positioned Blue Horseshoe as the only option for those looking at this type of service.
Earlier this month, software provider Playtech Ltd announced that it had acquired Virtue Fusion for a consideration of £29 million, with the deal also including an extra earnout payment of up to £7 million in the first quarter of 2011.
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