Miami and Fort Worth, TX February 7, 2002 Positioning themselves to deliver IT solutions to a global marketplace, Neoris Inc., a global consulting and systems integration company; and InfoSphere Inc., an enterprise technology solution provider, announced an agreement to combine their operations and staff. Under the terms of the agreement, InfoSphere will become a fully-owned business unit of Neoris.
With 2001 revenues in excess of $150 million, Neoris provides consulting and systems integration internationally. InfoSphere specializes in custom-application engineering, technology architecture and systems integration. Together, the organizations said they plan to deliver technology solutions to companies in financial services, logistics, manufacturing, telecommunications and travel.
Martin Hecker, CEO of Neoris said he believed InfoSphere's capabilities will give Neoris extra competitive advantage. During the last seven years, InfoSphere has developed strong business and community relationships and world-class talent. We are confident that this new venture will yield tremendous results for both companies and our clients in a very short time.
As a Strategic Technology and Operations Center for Neoris global operations, the Fort Worth office will service business expansion and new sales initiatives for the entire Western United States. InfoSphere's Monterrey, Mexico office is being consolidated into existing local Neoris operations to achieve additional efficiencies.
The size and depth of the Neoris infrastructure broadens our range of services to existing clients and allows us to compete for larger engagements, while delivering the high-quality service our customers expect without interruption, said Cameron Ware, president of InfoSphere. Conducting regional operations out of Fort Worth, this new entity will utilize InfoSphere's established client and supplier connections in the Metroplex as a catalyst for U.S. expansion.
Through a strategy of combining companies ranging from Web developers to IT consulting, Neoris has increased its global technical capabilities in 2001, achieving 50 percent revenue growth.
The agreement combining Neoris and InfoSphere is expected by late February. Details of the agreement were not disclosed.
