Cotelligent Acquires the Hurst Companies; National IT Professional Services Firm Strengthens Position in Banking Industry.LAS VEGAS--(BUSINESS WIRE)--Dec. 1, 1998--Cotelligent Inc. (NYSE NYSE See: New York Stock Exchange :CGZ), a national 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. services, Tuesday announced at the 1998 Bank Automation Retail Delivery 98 Conference that it has acquired the Hurst family of companies. Based near Orlando, Fla., the multimillion-dollar Hurst companies provide comprehensive information technology services to clients in the banking industry. Through this acquisition, Cotelligent will be poised to elevate its presence in the 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. industry, while allowing Hurst to better serve its current roster of local and national clients by offering the benefits of Cotelligent's national network, including greater name recognition and resources. Founded in 1989, the Hurst companies include Hurst Consulting Inc., which delivers consulting and project management services; the Hurst Institute Inc., which provides software training and professional development; and Hurst Processing Inc., which performs outsourced data and information processing information processing: see data processing. information processing Acquisition, recording, organization, retrieval, display, and dissemination of information. Today the term usually refers to computer-based operations. and facilities management The management of a user's computer installation by an outside organization. All operations including systems, programming and the datacenter can be performed by the facilities management organization on the user's premises. . The companies have approximately 120 employees at their headquarters and at client sites 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 , Ohio, Alabama, Vermont, California, Georgia, 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 Washington, D.C., among others. Their clients include banks, credit unions, mortgage companies and other financial corporations. "We couldn't be more thrilled about our union with Hurst," said James Lavelle, 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. of Cotelligent. "The addition of the Hurst companies to the Cotelligent team further strengthens our combined abilities to help our clients to achieve their information technology goals." Joining Cotelligent will enable the Hurst companies to expand their service offerings and attract high-caliber IT professionals, and thereby compete more effectively against larger, national IT services firms that are prominent players in banking industry. "Nearly two dozen major financial institutions across the country have shown strong interest in working with us on a larger, longer-term basis in the past couple of months," said Eva Hurst, founder and president of the Hurst family of companies. "As part of Cotelligent, we will have the resources and augmented capabilities to capture this new business, and much more." About Cotelligent Cotelligent (www.cotelligent.com) is a nationwide provider of information technology (IT) consulting services to organizations with complex information system and technology operations. Since inception, the company has grown internally and through acquisition, and today is composed of approximately 3,400 technical consultants and operating staff. Cotelligent's consulting practices are: Professional Services -- staff augmentation; Technology Solutions -- custom application development and outsourcing; Alliance Services -- national partnerships with leading application software companies; Network Services -- network design, intranet and Internet application design and development; and IT Education. The company has headquarters in San Francisco, and its stock is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the symbol CGZ. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion