Career Horizons Acquires Berger & Co.; Adds Over $30 million in IT Revenues.WOODBURY, N.Y.--(BUSINESS WIRE)--August 28, 1996--Career Horizons, Inc. (NYSE NYSE See: New York Stock Exchange : CHZ CHZ Circumstellar Habitable Zone ) today announced the acquisition of Berger & Co., a rapidly growing provider of 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. and staffing services. The privately-held firm, with offices in Denver, Houston and Dallas, is projected to generate revenues of over $30 million in the current fiscal year. Terms of the cash transaction were not disclosed. Berger & Co.'s experienced information technology specialists are available for a broad range of assignments, including systems planning, design, development and integration, supplemental programmer (1) A hardware device used to customize a programmable logic chip such as a PAL, GAL, EPROM, etc. See PROM programmer. (2) A person who designs the logic for and writes the lines of codes of a computer program. staffing, and technical writing. In addition, Berger provides extensive computer and software training to clients' employees, its own employees, and the general public. Each office has dedicated state-of-the-art equipment for training and full-time instructors. Berger & Co. was founded in 1981 by Wayne Berger, chief executive officer, who will remain in his present position. Walter W. Macauley, president and chief executive officer of Career Horizons, said, "With a strong presence in the Colorado and Texas markets, Berger & Co. is a welcome addition to our information technology staffing group, and it will be accretive to earnings. We look forward to sharing with our other IT companies Berger's extensive training capabilities, which enable information technology specialists to continually upgrade their skills in fast-paced fields such as client/server systems and on-line networking." Wayne Berger, 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 Berger & Co., commented, "Affiliation with a major national company provides us with expanded opportunities to serve our clients and additional resources to support our growth." In addition to general and supplemental staffing, Career Horizons serves four specialty markets: information technology, health care, desktop publishing desktop publishing, system for producing printed materials that consists of a personal computer or computer workstation, a high-resolution printer (usually a laser printer), and a computer program that allows the user to select from a variety of type fonts and sizes, , and pharmacy. It has 577 company-owned, franchised and private label offices operating under recognized local and regional brand names. On August 26, 1996, Career Horizons and AccuStaff Incorporated (Nasdaq: ASTF ASTF Arab Science and Technology Foundation (United Arab Emirates) ASTF Aeropropulsion Systems Test Facility ASTF Aerospace Structures Test Facility ASTF Australian Standard Transfer Form ASTF A Suit That Fits ) announced a definitive agreement under which Career Horizons will merge with AccuStaff. The combined company will be a nationwide provider of strategic staffing, consulting, and 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. services with a total of over 750 offices in 43 states. CONTACT: Career Horizons, Inc. Lundy Associates, Inc. Michael T. Druckman or Michael A. Lundy Chief Financial Officer 201-660-1100 516-682-1403 |
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