|[December 01, 2005]
Project Leadership Associates, Inc. Acquires Nexus Consulting Group
CHICAGO --(Business Wire)-- Dec. 1, 2005 -- Project Leadership Associates, Inc. (PLA), a leading provider in technology consulting services, announced today its recent acquisition of Nexus Consulting Group (Nexus), an information technology services firm that provides business intelligence (BI) solutions to companies throughout the Midwest.
Since 1998, Nexus has been helping Fortune 1000 companies bridge the gap between business and technology, helping clients focus their IT investments on solving business problems in the most effective way possible. Nexus works with clients to plan, design and implement unique solutions that transform data into business intelligence by uncovering and analyzing information to make better operating decisions.
The acquisition of Nexus is a strategic move that will expand PLA's core service offerings and bring business intelligence solutions to their clients in the legal, healthcare, financial and professional services industries. It also enables Nexus to leverage PLA's vast technical knowledge and expertise to help their clients plan, develop, manage and implement cost-effective information technology strategies and solutions. The combination will increase PLA's overall revenue by 30% and bring the total number of employees in the Chicago, Houston and Tampa offices to over 100 people.
According to Daniel Porcaro, President and CEO of Project Leadership Associates, "During the last few years we have interviewed more than 70 potential acquisition candidates and found it extremely difficult to find profitable technology firms with a positive revenue stream and strong customer base. When I first initiated contact with Nexus Consulting Group, I was astonished at how similar the company is to PLA. Their financial strength, corporate culture, strong leadership skills and commitment to client satisfaction will blend seamlessly with PLA. This acquisition will enable PLA to broaden our scope of services and technical expertise as we continue our growth strategy to become a national consulting firm."
"Merging with PLA allows Nexus to offer our clients new services and additional technical resources to meet their ongoing IT needs," said Steve Taeyaerts, Partner and Co-Founder at Nexus Consulting Group. "All of us at Nexus are very excited about joining the PLA team to form its Business Intelligence practice group. My Co-Founder, Gaurav Issar, and I look forward to working with Daniel Porcaro to ensure the success of this combination for our clients and employee shareholders alike."
ABOUT PROJECT LEADERSHIP ASSOCIATES, INC.: Headquartered in Chicago, Project Leadership Associates is a leading provider of information technology consulting and solutions to mid-sized businesses. Specializing in network integration, information security, management consulting, electronic data discovery, computer forensics, software development and small business services, PLA helps clients plan, develop, manage and implement cost effective information technology strategies and solutions. For further information, please contact Daniel Porcaro at (312) 441-0077 or email email@example.com
ABOUT NEXUS CONSULTING GROUP: Based in Chicago, Nexus Consulting Group is an information technology services firm providing a comprehensive set of business intelligence solutions for companies throughout the Midwest. Nexus works with companies across many industries to plan, design and implement solutions that transform their data into business intelligence. Nexus leverages its partnerships with leading BI technology vendors to implement solutions ranging from enterprise-level data warehouses to executive scorecards and dashboards.
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