View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 5, 1997updated 05 Sep 2016 12:44pm

HDS UNIT SNAPS UP SECOND CONSULTANCY TO BOOST PLANNED IPO

By CBR Staff Writer

HDS Network Systems Inc, the network computer and X terminal maker says its wholly-owned subsidiary, Information Technology Consulting Inc (ITC) has made its second acquisition in rapid succession, or at least it will do if it gets its initial public offering away successfully. ITC has entered into an agreement to acquire fellow King of Prussian The Reohr Group Inc, a consulting a staffing company that had revenues of around $16.4m, with pre- tax profit margins of around 20 percent of revenue, according to HDS. The idea is to float ITC to raise the capital to acquire Reohr for an IPO. VP finance Scott Holland said underwriters have not yet been signed and the IPO is probably a few months off yet. It hopes to have three or four companies in the stable before then, having signed to acquire Global Consulting Group, a Raleigh, North Carolina consultancy a month ago (CI No 3,091). HDS intends to retain a significant interest in the public ITC. Reohr currently employs some 200 consultants. The main criteria for acquisitions is not necessarily to roll the consultants’ clients over to its @workstation network computers, but Holland said Global Consulting had one such customer, and it is likely to be a factor in any acquisition.

Content from our partners
Green for go: Transforming trade in the UK
Manufacturers are switching to personalised customer experience amid fierce competition
How many ends in end-to-end service orchestration?

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU