Context Integration acquires Fusion Systems Group.SAN FRANCISCO--(BUSINESS WIRE)--June 4, 1997-- Move Broadens Web Consulting Firm's Scope and Object Technology Offerings; Extends Presence on Wall Street Context Integration, the fast-growing systems integration and training firm headquartered in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , announces the completion of its acquisition of certain assets and the business of Fusion Systems Group, a New York-based software consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a that provides object-oriented (OO) technology to 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. clients. Context, which already has a significant Wall Street customer base, purchased the ongoing business of Fusion for $655,000 in a transaction approved by the United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. for the Southern District of 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 on May 29, 1997. "Fusion has an excellent core of topflight top·flight adj. Informal First-rate; excellent. topflight adj → de primera (categoría or clase) topflight adj → technologists who will now become a part of our team," said Michael Dunn, 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 Context Integration. "Its business is a superb fit for us as we continue to use leading technologies to provide competitive advantage for our Finance 100 and Fortune 250 customers. The synergy between the two companies, both from a technological and a geographical perspective, is tremendous." Since its 1992 founding by former employees of Stanford University and Sybase Inc., Context has boasted a solid base of customers in the pharmaceutical and high-tech manufacturing markets. Originally a client/server consulting and training firm, Context moved into the Web arena in 1996. Currently, about 35 percent of its business is based on the development of Web-based applications, primarily in Java. "Our service offerings in Web and client/server technologies are strong and because ORB technology has matured and proven its value we had planned to move into this area by the end of the year," said David Smith, Context's CTO (Chief Technical Officer) The executive responsible for the technical direction of an organization. See CIO and salary survey. . "Through the Fusion acquisition we will be joining forces with a group of highly respected ORB experts, accelerating our entrance into this market. We are also very excited about Fusion's role in hosting the Java Financial Object Exchange (JFOX) and in supporting Sun's Object Reality Centers." The combined expertise of Context and Fusion in Web, client/server and object technology, allows the companies to create innovative solutions for their customers. Context's expansion into ORB technology, the recognized standard for communication between disparate applications, is expected to bring new levels of performance and interoperability to its service and technology offerings. Context, a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , has quintupled its revenues over the past two years while remaining profitable. In this fiscal year, combined revenues for the two firms is expected to exceed $20 million. Before the acquisition, Context had 108 employees located in New York; Boston; San Francisco; Austin, Texas; Houston; Dallas. Fusion had 30 employees based in New York, Boston, and Orlando. Common clients of the two service companies include most of the major Wall Street investment banking firms. About Context Integration Context Integration is a leading provider of cutting edge solutions for the deployment of today's complex client/server systems, including Internet/Intranet solutions. For more information, contact Context Integration at 601 Gateway Boulevard, Suite 1150, South San Francisco South San Francisco, city (1990 pop. 54,312), San Mateo co., W Calif.; inc. 1908. South San Francisco has several industrial parks; its manufactures include medical supplies and equipment, foods, paint, paper products, consumer goods, and clothing. , Calif. 94080; (415) 873-0103 or (800) 941-9222; E-mail at context@context.com or via the World Wide Web at http://www.context.com . EDITOR'S NOTE: There is an "at" symbol following "context", "jmaresca" and "melanie" in the e-mail addresses within this press release. This symbol may not appear properly in some systems. CONTACT: Context Integration Jim Maresca, 415/873-0103 jmaresca@context.com or Eiler Communications Melanie Flanigan, 415/548-9088 melanie@eiler.com |
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