(PRWEB) May 9, 2005
The Pi Sigma Group of Rockville, Maryland, an industry leading dual shore IT consulting and software development company announced this afternoon that it had acquired VR Systems of Hillsborough, New Jersey in a stock transaction. VR Systems Inc., is a privately held IT Consulting and Professional staffing firm and was founded in 1994 and serves a large, diverse group of IT clients in the Northeast. The acquisition brings the total to five companies now part of the Pi Sigma Group.
ÂThe acquisition of VR Systems is an excellent complement to our current structureÂ said Rana Saad, Chairman and Chief Executive Officer of Pi Sigma Group, ÂTheir excellence in consulting and staffing is a close fit with our near term and strategic growth plans for Pi Sigma Group, we very pleased that we could make this acquisition a realityÂ said Mr. Saad. ÂThis step creates an even more efficient engine for delivering rapid time to market and highly cost effective solutions for our clients through both on and offshore development modelsÂ.
VR Systems is headed by Founder and President Radha Visweswar. ÂI believe that there is a unique fit between VR Systems and Pi Sigma GroupÂ, Mr. Visweswar said, ÂOur experience and expertise in resource staffing and consulting meshes very well with Pi SigmaÂs onshore and off shore consulting and software development practiceÂ. ÂThis step will allow both companies to truly leverage their unique strengths in a more robust fashionÂ said Visweswar.
Terms of the acquisition were not disclosed. Focus Enterprises, a Washington D.C. based boutique investment bank assisted and advised Pi Sigma Group on this transaction.
About Pi Sigma Group:
Pi Sigma Group is a Delaware Corporation founded by Chairman and CEO Rana Saad. Pi Sigma Group's first member company, Pi Sigma, Inc., was founded in 1998. Pi Sigma Group (PSG) provides IT consulting and development services to firms throughout the Mid-Atlantic. Pi Sigma Group has technical expertise in all areas of consulting and development with core technologies focused on Microsoft .Net, Notes / Domino, Java, J2EE, Websphere, SQL, MySQL, DB2, Oracle XML, and many other languages.
Pi Sigma operates from offices in Maryland and Virginia (USA), Copenhagen (Denmark), and Lahore and Islamabad (Pakistan). Pi Sigma Group operates on a highly efficient development model focused on optimal resource staffing, highly refined requirements delivery, rapid time to market, high level quality control and visible cost efficiency.
For more information, Contact:
PI SIGMA GROUP (PSG)
Steven W. Lichtenfels
EVP / COO Pi Sigma Group
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