Computer Education Services Corporation Announces I/Tech Merger; Creates One of the Largest Training Providers in US.Business Editors ALBANY, N.Y.--(BUSINESS WIRE)--June 3, 2003 Computer Education Services Corporation (CESC CESC Colorado Energy Science Center CESC Canadian Education Statistics Council CESC Calcutta Electric Supply Corporation CESC Computer Education Services Corp. CESC Canadian Space Agency Engineering Support Center ), a premier provider of vendor authorized technical training, today announced the acquisition and merger of I/Tech Services, Inc., a recognized leader in public and private college training partnerships. The merger creates one of the largest technology training providers in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Headquartered in Frederick, Maryland, I/Tech packages and administers primarily Microsoft and CompTIA based certification training through the continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). divisions of two and four year colleges, with over 100 educational partnerships in 30 states. CESC, which provides advanced systems training through instructor-led, computer-based and online training, has 11 certification training centers located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Connecticut, Maryland, Virginia, North and South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. and Florida. I/Tech's college partnerships are located across the continental US, with heavy concentration in the East and Midwest, complimenting CESC's east coast presence. "The merger of I/Tech with CESC is part of our ongoing evolution to meet the demands of a changing industry and a challenging economy." said Lorraine Ferguson, president 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. of Computer Education Services Corporation. "Customers tell us daily that they need an experienced training partner that can provide cost effective, relevant and flexible training solutions." The two companies will combine their operations under the CESC name, and retain the I/Tech brand, which is well established in the community college market. The business relationships of each company will continue as they are today, with existing customers of both companies realizing a more robust offering of training programs available through a comprehensive choice of delivery channels and markets. The combined company will offer the latest technology training through numerous established vendor partnerships, which include Microsoft, Novell, IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) , Oracle, CompTIA, ElementK, KnowledgeNet, Boston University, Golden Consulting, ProSoft, and SCP (1) (Service Control Point) A node in an SS7 telephone network that provides an interface to databases, which may reside within the SCP computer or in other computers. . "This strategic merger will leverage the low-cost facility operating structure of I/Tech with the training delivery capability of CESC to economically expand market coverage," said Don Jungerman, CEO, I/Tech Services, Inc., "and meet our customer demand for additional training offerings." The power of this merger is in the combined training center/college partner integration. This model will enable training centers to grow classrooms without the cost associated with "brick and mortar See bricks and mortar. ." The merger provides the combined company a streamlining of business processes, reductions in overhead costs overhead costs see fixed costs. , and the ability to leverage the customer and partnership contacts of both companies to drive additional market presence, share and revenue. About Computer Education Services Corporation (CESC): Computer Education Services Corporation (www.computeredservices.com) is a dynamic technical training company providing organizations and individuals with the skills and knowledge needed to achieve their business goals. Building intellectual capital since 1982, CESC is a premier provider of vendor-authorized technical training, including desktop business applications, advanced systems training, instructor-led, computer-based and online training, and consulting services. About I/Tech Services, Inc. Headquartered in Frederick, Maryland, I/Tech Services, Inc. is the largest college/community college based educational content and instructional services provider. Founded in 1997, I/Tech packages and administers primarily Microsoft and CompTIA based certification training through the continuing education divisions of two and four year public institutions. I/Tech has partnerships with over 100 educational institutions nationwide. For more information, visit www.itechtraining.com |
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