Synoptek Acquires Idaho IT Services Company
Synoptek Complements Rapid Organic Growth through Acquisition
SANTA ANA, CA, May 6, 2008 -- Synoptek, a rapidly growing business process and systems consulting and IT outsourcing firm, acquired The Network Group, Inc. of Boise, ID. Synoptek announced that the deal was signed on May 5, 2008 and the operations of the two companies will be immediately integrated. The merger expands Synoptek's service delivery capacity and customer base. The Network Group provides many of the same types of services and will complements Synoptek's current application development and IT outsourcing capabilities. "Culturally it is a great fit. We feel we have found a terrific company that employs a talented team and will provide the foundation to support our growth," claims Tim Britt, Synoptek CEO. "Technology innovation, limited availability of skilled resources and increased dependence on IT are driving consolidation of IT service providers," states Tim Britt, Synoptek CEO. Synoptek primarily serves customers in Southern California and was recognized as the 9th fastest growing privately held company in Orange County last year. Synoptek was recognized as Orange County's 9th fastest growing, privately-held company in 2007 by The Orange County Business Journal. "Our rapid growth illustrates that there is a significant need for high-quality and costeffective business process and systems consulting and IT Outsourcing services," states Britt. "Synoptek focuses on getting things done and delivering results. "This enables us to beat out our primary competitors," claims Britt. "By acquiring companies, we are able to leverage our operational excellence, leverage our IT
infrastructure and diversify our depth of expertise to serve customers better. We will continue to expand both organically and through acquisition," states Britt.
Terms of the merger were not disclosed. The deal officially closed May 5th. Tim Britt will continue to serve as the CEO of Synoptek. Denise DunlapTaylor, the current president of The Network Group, will become the General Manager of the Synoptek Idaho operations.
About Synoptek
Synoptek provides complete systems implementation and IT outsourcing services to operations and technology intensive clients. Synoptek provides superior IT service levels that enable sophisticated IT capabilities for information technology intensive companies. These companies can then focus on their primary core competencies and rely on Synoptek to improve and manage their systems and IT. Synoptek typically enables improved results for their client's due to higher service levels, improved leverage of technology and reduced overall IT costs. Our service offering and service delivery model is the only comparable offering that meets the outsourced IT needs of today's best companies.
Synoptek provides services to companies in the financial services, consumer products, entertainment, professional services and healthcare industries. Synoptek is privately-held and based in Orange County, CA. For more information on the services offered by Synoptek, call (888) 796-6783, send e-mail, or visit them on the Internet at www.synoptek.com.
CONTACT:
Robert Whiton President/COO Phone: 949-241-8600 E-mail: rwhiton@synoptek.com