AdvizeX and The Normandy Group Cancel Acquisition Plans.Business Editors, High Tech Writers CLEVELAND--(BUSINESS WIRE)--June 21, 2001 AdvizeX Technologies, an information technology 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. , has called off plans to acquire The Normandy Group, a Cincinnati-based IT services company. The AdvizeX Board of Directors has concluded that AdvizeX and The Normandy Group should not be merged at this time due to unacceptable compromises in corporate objectives that would result for both companies from this transaction. As a result of this decision, Charles Burke has resigned as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AdvizeX, effective immediately, and will concentrate all of his efforts on the expansion of the Normandy Group through the Midwest. In April, AdvizeX announced that Mr. Burke, Normandy's founder and CEO, would replace John Colangelo as president and CEO of AdvizeX. This appointment anticipated the acquisition by AdvizeX of Mr. Burke's company. Notwithstanding the decision to call off the merger, the collaboration between AdvizeX and The Normandy Group has been indisputably beneficial to both companies. In an effort to continue this positive relationship, the companies will continue jointly servicing each other's clients on a selective basis. The AdvizeX Board is actively engaged in an accelerated search for a new CEO for the company. In the interim, the AdvizeX senior managers will serve as an Executive Committee reporting directly to the Board. About AdvizeX Technologies Servicing clients throughout the Midwest and New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , AdvizeX Technologies, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is among the fastest growing companies with headquarters in Ohio. The company develops solutions around the areas of mission-critical application infrastructures, enterprise management, networking design & administration, and e-services. AdvizeX partners with industry leaders Hewlett-Packard, Oracle Corp., Sun Microsystems Sun Microsystems, Inc. (NASDAQ: JAVA[3]) is an American vendor of computers, computer components, computer software, and information-technology services, founded on 24 February 1982. , EMC (1) (EMC Corporation, Hopkinton, MA, www.emc.com) The leading supplier of storage products for midrange computers and mainframes. Founded in 1979 by Richard J. Egan and Roger Marino, EMC has developed advanced storage and retrieval technologies for the world's largest companies. Corp., and Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. . Additional information about AdvizeX can be found on the World Wide Web at http://www.advizex.com. |
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