Computer Management Sciences, Inc. Acquires Competitive Systems Advantage, Inc.; Acquisition Grows Insurance Vertical Market and Strengthens Chicago Presence.JACKSONVILLE, Fla.--(BUSINESS WIRE)--Nov. 4, 1998--Computer Management Sciences, Inc. ("CMSI CMSI Citicorp Mortgage Services, Inc. CMSI Checkout/Control and Monitor Subsystem Interface (NASA) ") (Nasdaq:CMSX CMSX Computer Management Sciences (former stock symbol; now delisted) ), a leading 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, today announced the acquisition of Competitive Systems Advantage, Inc. ("CSA (1) (Canadian Standards Association, Toronto, Ontario, www.csa.ca) A standards-defining organization founded in 1919. It is involved in many industries, including electronics, communications and information technology. "), a Chicago-based IT services firm. The acquisition was completed October 30, 1998. CSA specializes in high-level custom application development services primarily for insurance and banking clients, and for the year ended December 31, 1997, revenue was slightly in excess of $4 million. CMSI believes the acquisition is important to its strategic growth initiatives along its vertical market focus. "CSA has established high-level relationships with clients and has a culture that strives to differentiate in every way as does CMSI," acting CMSI Chief Executive Officer Anthony V. Weight said. "CSA's expertise in insurance and banking is consistent with CMSI's vertical market focus and its Chicago location strengthens our presence in the Midwest." Edward Renko, CSA's 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. , said CMSI's capabilities should serve current CSA clients well. "CSA is delighted to be a part of CMSI. We were attracted to CMSI's differentiated Systems 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. Center business model which is unique and will be well received by our clients," Renko said. "With CMSI's resources we will be able to provide clients with expanded IT services and accelerate our overall growth." CMSI provides information technology consulting and custom software development services to a diverse client base consisting primarily of Fortune 1000 companies and state governmental agencies. CMSI has headquarters in Jacksonville, Fla. and 15 additional locations nationwide providing computer systems support/maintenance, software application development, systems integration, database technology services, client/server solutions, systems outsourcing, and strategic information technology consulting. |
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