FREMONT, Calif. (PRWEB) February 27, 2023
Drishticon, Inc. (“Drishticon”), through its affiliate, Garg Holdings, Inc., announces the acquisition of Commercial Programming Systems, Inc. (“CPS”), a leading IT services company based in Los Angeles, California. Founded in 1978, CPS offers a broad range of IT staffing services that help its clients deliver high-quality cost-effective systems. It specializes in the public sector, financial services, healthcare, and entertainment industries.
Drishticon’s President, Manoj Vidyarthi, said, “Our acquisition of CPS will strengthen Drishticon’s position as a premier IT services and consulting company and will expand our geographic footprint to Southern California. CPS’ expertise in servicing the public sector will also complement Drishticon’s own considerable capabilities in its focus industries of retail and hi-tech. We are excited to work with the CPS team to continue CPS’ over 40-year track record of excellent client service and satisfaction.”
“CPS is pleased to join forces with Drishticon, which shares both our commitment to high-quality client servicing and our belief that excellent team members produce superior results. The acquisition will enable CPS to offer a wider range of services to both existing and new clients and will position CPS for further growth”, said Philip Sawyer, CPS’ President. CEO ally, Inc., a tech-focused, mid-market M&A advisory firm, acted as the exclusive buy-side advisor to Drishticon in the transaction.
About Drishticon, Inc.:
Drishticon, Inc. is an IT products and services company headquartered in Silicon Valley, California with offshore facilities in Mumbai, India. Founded in 2006, Drishticon helps organizations reduce costs and scale operations while focusing on their core competencies. It prides itself on its execution strength and on the quality of its project consultants who possess subject matter expertise and years of industry experience.
To learn more, visit https://www.drishticon.com/
About Commercial Programming Systems, Inc.:
Founded in 1978, Commercial Programming Systems, Inc. is an IT staffing company based in Los Angeles, California. CPS works with consultants who possess the technical expertise to understand and solve clients’ unique issues. It is able to provide its clients with the best solutions - whether they need consultants to help their team implement a project, need to acquire top-notch permanent employees, or want to outsource all or parts of a project. CPS is an active member of Innovate@UCLA and the TechServe Alliance.
To learn more, visit https://www.cpsinc.com/
About CEO ally, Inc.:
CEO ally, Inc. (CEO ally) is a boutique M&A advisory firm headquartered in Pittsburgh, Pennsylvania which focuses on small and mid-market transactions in the fields of software, IT services, engineering design services and BPO. Founded in 2006, CEO ally executes transactions that span the US, Canada, Western Europe, Latin America and India and has completed more than 50 transactions.
To learn more, visit https://www.ceoally.com/