Dateline: Tue, 20 Feb 2007
freeNewsArticles Story Summary: “DOWNERS GROVE, Ill. – Feb. 20 (SEND2PRESS NEWSWIRE) — ProSoft Technology Group (Downers Grove, IL) and CyberWorld Solutions (Naperville, IL) today announced that they have entered into a definitive agreement, under which the companies will be combined as ProSoft Cyberworld Group.”
A R T I C L E:
DOWNERS GROVE, Ill. – Feb. 20 (SEND2PRESS NEWSWIRE) — ProSoft Technology Group (Downers Grove, IL) and CyberWorld Solutions (Naperville, IL) today announced that they have entered into a definitive agreement, under which the companies will be combined as ProSoft Cyberworld Group.
The Board of Directors and Management team of the ProSoft Cyberworld Group will consist of the three respected Principals of the two companies, Raj Gupta, Sam Reddy, and Brian W. Mead. The three Principals will assume distinctive roles which will be announced at a later date. The combined company with distinguished complementary capabilities, is now in a position to extend its’ reach throughout the SAP enterprise. The Subject Matter Expertise throughout the two entities has expanded to support a broader portfolio of services throughout the SAP ERP modules. ProSoft CyberWorld Group will continue to focus on its SAP strength, and aggressively grow its Enterprise Integration Practice.
“The ProSoft Cyberworld Group is now one of the recognized SAP service delivery partners, with over 250 SAP consultants, consisting of diverse SAP skill sets, a leading Enterprise Integration practice, and well entrenched sales organization throughout United States. These two distinct brands are now one, providing us the ability to accelerate our rapid growth plans,” said Brian Mead, Principal Partner, ProSoft Technology Group.
“We are excited for the many opportunities that a ProSoft Technology Group and Cyberworld Solutions combination will provide our clients; the combined company will be better positioned to compete effectively with the continually expanding Extended ERP and Enterprise Integration Services Market. We look forward to sharing the benefits of the exciting new growth opportunities, this combination will provide with all of our stakeholders,” said Sam Reddy, CEO of CyberWorld Solutions Inc.
ProSoft Cyberworld also announced the election of Prasad Rao, CEO of PrideVel Consulting, LLC, founder, and former CEO/President of CyberTech International to the newly formed Board of Directors as an independent director. “We are delighted that Prasad has accepted our invitation to join the ProSoft Cyberworld Board of Directors. Prasad’s experience will provide additional leadership to assist in guiding us through this growth period. Prasad comes to the ProSoft CyberWorld Group, with over twenty five years of senior managerial experience within the technology consulting industry,” said Raj Gupta, Principal Partner ProSoft Cyberworld Group.
“This combination is the next logical step for both organization to provide value to ProSoft CyberWorld Group’s joint customer base,” said Prasad Rao, “ProSoft CyberWorld Group’s best-in-class management team, Sale and Project delivery organization will help their customers get better ROI on their IT investments.”
About ProSoft Technology Group, Inc.
ProSoft Technology Group Inc. (established in 1995), headquartered in Downers Grove, IL , has various sales offices throughout the united states and global delivery center in Noida, India as a SAP centric full service System Integrator, has grown and built significant complementary practices to support SAP offering, including Enterprise Integration practice, supporting the likes of webMethods, SeeBeyond, and IBM webSphere. ProSoft, is a SAP Services Partner, GOLD partner, Enterprise Services Community member.
About CyberWorld Solutions Inc.
CyberWorld Solutions, Naperville, IL (Established in 1996), as an SAP delivery support group, has focused its’ ten year heritage exclusively around SAP. CyberWorld, has built its’ distinguished SAP practice around mySAP ERP, mySAP PLM, mySAP CRM and SAP NetWeaver solutions. CyberWorld, offices in Hyderabad, India facilities, providing general SAP support and a virtual development environment. CyberWorld also has created a unique model to provide on-going training to consultants for upgrading their skills as well as cross training them in new modules.
Website: www.prosoftcyberworld.com.
Text provided by the news source.
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• Story Title: ProSoft Technology Group and CyberWorld Solutions Merger Announcement
• REFERENCE KEYWORDS/TERMS: ProSoft Cyberworld Group, , , SAP delivery support group, Mergers and Acquisitions, , , .
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