Aztec Technology Partners Acquires Dallas-Based IT Outsourcing Firm.BOSTON--(BUSINESS WIRE)--Sept. 17, 1998-- Adds 175 highly qualified programmers and systems consultants to company's expansive IT consulting resources. Aztec Technology Partners (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AZTC), a leading single source provider of information technology business solutions, today announced the acquisition of McDowell, Tucker & Co., a technology resources company providing software programming and systems consulting expertise, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , and recruiting for the Enterprise-wide Resource Planning Resource planning may refer to:
As a result of the transaction, which included $16 million in cash and an additional earnout potential of $7.5 million over the next 2 years, McDowell, Tucker became a wholly-owned subsidiary of Aztec Technology Partners. Based in Plano, TX near Dallas, McDowell, Tucker specializes in recruiting international talent for software programming positions, and has relationships with 2 overseas offices to support their recruiting activity. "McDowell, Tucker is an exceptional addition to Aztec because they have a very successful IT consulting business, they have a broad pool of programmers and consultants that we can employ throughout the country to directly support our expanding consulting practice, and they exceed our target operating performance criteria for acquisitions," comments James Claypoole, chairman and 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. , Aztec Technology Partners. "It is rare that an acquisition can enhance our ability to rapidly service our clients' needs as well as provide immediate resources for our own organization. "One of the biggest challenges in the technology industry is finding IT professionals, and the acquisition of McDowell, Tucker definitely gives Aztec a distinct competitive advantage for sourcing and retaining the best in the industry." "As part of Aztec Technology Partners, we are confident that we can achieve our plans for accelerated growth," explained Mali Subbiah, President of McDowell, Tucker. "We already provide IT services to companies in over 30 states, and we have the infrastructure to accelerate the delivery of those software services. "Aztec offers us a unique opportunity to bring the finest It professionals and consultants throughout the globe to this country and implement world-class solutions for our customers." About McDowell, Tucker & Co. McDowell, Tucker, founded in 1989, was formed from two enterprises that provide IT staffing services. The company provides programmers and analysts on a outsource or contract basis as well as recruits engineering talent domestically and over seas for placement on IT staffs in U.S. technology companies. McDowell, Tucker has clients in 30 states, and its forte An application development system for enterprise client/server environments from Sun. It was folded into the Sun Studio compiler and tool suite, which is based on the open source Netbeans IDE. is hiring qualified, experienced software professionals from worldwide resources. About Aztec Technology Partners Aztec Technology Partners is a single-source provider of a broad range of information technology business solutions. Through a team of nearly 1000 IT consultants and a network of technology providers, Aztec offers 'one-stop' IT solutions with exceptional personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. service. Aztec's primary focus is the mid-market sector, as well as Fortune 1000 companies, in a wide range of industries including communications, health care, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , government, manufacturing, pharmaceuticals, professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. and technology. The company has 18 offices in 11 U.S. states A U.S. state is any one of the fifty subnational entities of the United States, although four states use the official title "commonwealth". The separate state governments and the federal government share sovereignty, in that an American is a citizen both of the federal entity and , and employs nearly 1400 professionals. Aztec is publicly traded on the NASDAQ National Market under the symbol AZTC. |
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