Press Releases
Anexinet Acquires The Sycamore Group
Solution provider strengthens industry expertise in financial services, life sciences, and government sectors
Philadelphia. PA - April 24, 2006 - Anexinet Corporation, a leading regional solutions provider, today announced that it has acquired The Sycamore Group, a Fort Washington, Pennsylvania firm that provides high-end software architecture and development outsourcing services to large and mid-size clients in financial services, life sciences, and government sectors. The acquisition complements Anexinet's own substantial capabilities in these markets.
"Sycamore and Anexinet have similar traditions of recognized project delivery capability, strong client relationships, and innovative solutions to our clients' most challenging issues," says Diego Calderin, Anexinet president and CEO. "This acquisition allows Anexinet to accelerate growth and extend our client base in core markets."
Sycamore's full lifecycle software consulting and delivery solutions target business process efficiencies, automation and data integration capabilities that enable clients to be more productive and reduce operational costs. Together, Anexinet and Sycamore expand capabilities to increase market penetration with unique, innovative solutions to unsolved business challenges.
"Our client base and skill sets are highly complementary, and both firms share a deep commitment to partnering with our clients to perform quality, meaningful work," says Steven Melick, Sycamore co-founder and President. "I am confident Anexinet will continue to offer tremendous business value to our clients, while providing enhanced opportunities to our employees."
Sycamore co-founder and Executive Vice President Michael Goetter says, "Sycamore has served clients for more than nine years, and our employees pride themselves in working with companies to develop effective solutions for bottom-line value. I am delighted that Sycamore clients will continue to be supported by a leading firm similarly known for its subject matter expertise, distinguished professionals, and commitment to customers." Both Michael Goetter and Steven Melick will remain on-board during a prolonged transition period.
About Anexinet
Anexinet, an award-winning solutions integrator, applies leading-edge technology to complex business challenges, leading to simplified business processes, stronger IT organizations and competitive advantages. Anexinet offers application development, integration, business intelligence, technology infrastructure, and enterprise program management (EPM) services to mid-size and Fortune 1000 companies and government agencies. Anexinet's experienced consultants ensure the success of clients' solutions through the company's Program Management Office (PMO) and a pragmatic approach that combines industry best practices experience with the company's innovative S.A.F.E-T2® software delivery model. Anexinet Near-Site® Development Centers enable project teams to design, develop and test client solutions within minutes of a client's location. Headquartered in Philadelphia, Anexinet has regional offices throughout the Delaware Valley and metropolitan New York City and Washington, D.C. areas. For more information, visit www.anexinet.com.
Anexinet: Where Leading-Edge Technology Meets Competitive Advantage.
S.A.F.E-T2 and Near-Site Development Centers are registered trademarks of Anexinet Corporation. All other products and trademarks referred to are the property of their respective owners.