Actium acquires Cleveland-based Midwest Solutions.PHILADELPHIA--(BUSINESS WIRE)--Oct. 8, 1996--Actium, one of the fastest growing providers of complete client/server solutions, Tuesday announced the completion of its first corporate acquisition. Actium has acquired the Cleveland-based information technology consulting Information technology consulting (IT consulting or business and technology services) is a field that focuses on advising businesses on how best to use information technology to meet their business objectives. firm Midwest Solutions. Actium officials report that its attraction to the Cleveland marketplace is based on metropolitan economic growth figures, as well as the density of companies representing Actium's target market. Midwest Solutions brings to the deal a strong client base, developed from its application development and systems integration consulting business. Actium looks to enhance these strengths with its own proven growth model and increased investment in multiple practice areas. Actium provides clients with "one-stop shopping" by offering client/server consulting, education, software and hardware, all under one roof. Key practice areas include Data Warehousing See data warehouse. data warehousing - data warehouse , Internet/Intranet, Object-Oriented Development, Groupware Software that supports multiple users working on related tasks in local and remote networks. Also called "collaborative software," groupware is an evolving concept that is more than just multiuser software which allows access to the same data. , Business Process Analysis and Technology Infrastructure. Additionally, the company expects its rapidly expanding base of satisfied clients and flourishing flour·ish v. flour·ished, flour·ish·ing, flour·ish·es v.intr. 1. To grow well or luxuriantly; thrive: The crops flourished in the rich soil. 2. vendor relations to provide a head start in the market. "In short, we are bringing the 'Actium model' to the Midwest," noted Thomas Behlau, president. "Acquiring Midwest Solutions is the vehicle that enables us to achieve this goal in the fastest and most competitive manner." Midwest Solutions will form the foundation for Actium's sixth branch office. With headquarters in Philadelphia, Actium also operates branch offices in Pittsburgh, Rochester, Boston and Northern New Jersey, and plans to launch an additional office in Research Triangle Park Research Triangle Park, research, business, medical, and educational complex situated in central North Carolina. It has an area of 6,900 acres (2,795 hectares) and is 8 × 2 mi (13 × 3 km) in size. Named for the triangle formed by Duke Univ. in 1996. Actium was launched in 1989 to satisfy the demand for a systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. that delivers complete business solutions in the client/server area. The company's success stems from identifying desired outcomes and then delivering a complete solution on time, on target, and on budget. Its resulting project completion rates consistently score in the 90th percentile percentile, n the number in a frequency distribution below which a certain percentage of fees will fall. E.g., the ninetieth percentile is the number that divides the distribution of fees into the lower 90% and the upper 10%, or that fee level , far above the industry average. For further information contact: Actium Corp. 555 North Lane, Suite 5040, Conshohocken, PA 19428, www.actium.com. CONTACT: Actium Corp., Conshohocken Kate Shields, 610/ 832-7334 email: kshields@actium.com |
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