Headstrong And TechSpan Announce Merger

Headstrong Corporation, a premier global consultancy, today announced it has merged with TechSpan Inc., a leading IT consulting services firm. The merger provides clients with multi-shore delivery capabilities and deep industry-specific experience at both the client site and offshore.

Washington, D.C., (PRWEB) November 5, 2003 -- Headstrong Corporation, a premier global consultancy, today announced it has merged with TechSpan Inc., a leading IT consulting services firm. The merger provides clients with multi-shore delivery capabilities and deep industry-specific experience at both the client site and offshore. The coupling of strong consulting and systems integration capabilities enable the combined company to service clients at every point in the solution chain -- from strategic assessment to implementation through enhancement and maintenance.

With delivery centers in the worlds first and second most popular outsourcing destinations, India and the Philippines, the merged entity serves a variety of markets, including financial services, manufacturing, technology, and the public sector. The combined company has almost $100 million in revenue and 900 employees worldwide, and will continue to operate under the Headstrong name.

Businesses today need service providers with multi-shore delivery capabilities and the ability to manage complex global projects," said Frances Karamouzis, research director for Gartner. Consultancies that have an established presence both in India and the Philippines have a key competitive advantage and the ability to offer alternatives for mitigating risks."

According to Kevin Dougherty, president and CEO of Headstrong: Clients are looking for ways to solve business problems in the shortest amount of time, with the least amount of risk, at the best value available. This merger defines the new global consulting model by combining multi-shore domain experience with a strong heritage in consulting and IT services. The result is a consultancy that simplifies complex, global program delivery and mitigates program risk regardless of geography or offshore/onshore delivery needs."

The merger establishes the combined company as the only consulting firm with facilities in both India and the Philippines focused exclusively on delivering client specific solutions. It also touts the largest securities industry focused center of excellence in India, providing a unique advantage to clients in the financial services market.

Kevin Dougherty, the former president and CEO of Headstrong, will remain president and CEO of the combined company. Arjun Malhotra, formerly the chairman and CEO of TechSpan, is serving as the chairman of the board for the combined company.

TechSpan and Headstrong are a natural fit because of our complementary business offerings and our shared vision of what global consulting should be," said Arjun Malhotra, Headstrongs new chairman. Operating at a new level of competitiveness will allow us to better address existing client needs and bring in new engagements."

About Headstrong
Headstrong Corporation is a global consultancy focused on helping clients achieve measurable results with their business and systems integration efforts. We help our clients integrate their business with their customers, suppliers and employees to improve enterprise value. We offer a full range of integration services, including opportunity assessment, design and implementation, and application development and maintenance. With a 20-year track record of proven results (as Headstrong and formerly James Martin + Company), our client base includes many of the world's most respected companies. Headstrong is headquartered near Washington DC, with a global presence across North America, Europe and Asia-Pacific. Headstrong is a privately held firm whose investors include Welsh, Carson, Anderson and Stowe, and H&Q Asia Pacific. For more information, visit www.headstrong.com or e-mail us at information@headstrong.com.

About TechSpan
Headquartered in Sunnyvale, California, TechSpan, Inc. is a components-based, domain-led IT consulting services firm with a unique Distributed Consulting" engagement model. Founded in 1998, TechSpan has operations in US, Europe and India through its four 'Centers of Excellence. Two of these centers are on-shore in the U.S. (at Sunnyvale, California, and Fairfax, Virginia), and two are offshore in India (at New Delhi and Bangalore). TechSpan specializes in providing services in focused vertical market segments, including securities, airlines & transportation and high technology firms. With its New Delhi Center of Excellence assessed at Software-CMM and People-CMM Level 3, TechSpan has joined an exclusive group of only 15 companies worldwide to have sought and been successfully assessed for maturity on both these models. TechSpan, Inc. is a privately held firm whose venture investors include Goldman Sachs (NYSE: GS) and Walden International Investment Group.
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