|Technology Investor (M & A, Private Equity, Turnaround & More) Chooses IT Consulting Firm|
Falcon Capital, which invests in leading technology services businesses, today announced that it has completed the acquisition of Computer Management Consultants (CMC), a $25 Million IT Consulting Firm.
CMC provides project- and deliverable-based consulting services, ERP, IT staffing, and managed services to a wide range of clients in the financial, health care, and telecommunications industries. The Tampa-based firm has operations throughout Florida, New York, and Texas.
"We are pleased to acquire this well-managed, innovative market leader and share the Company's vision of expanding its national presence and seizing other substantial growth opportunities which lie ahead," said Eric Schaer, managing director of Falcon Capital. "We look forward to working in partnership with management and employees towards continued future success," he went on to say.
In conjunction with the transaction, Steve Swanson has been named CEO of CMC. "We are very fortunate to welcome Steve Swanson, a veteran executive, to CMC as CEO. His experience in Information Technology Consulting and Staffing, gained through distinguished positions in the global information technology marketplace, make him the ideal person to lead the company through its next phase," said Mr Schaer.
"He will build on the excellent platform created by Peter Tomasello, founder and president of CMC. Mr. Tomasello will report directly to the Board of Directors and focus his extraordinary abilities on growing the Company through new business development," Mr. Schaer continued.
"Falcon Capital, with its long track record of sustainable value creation in the IT industry, is a strong partner with whom we see a clear perspective for the further growth of the Company. We look forward to building CMC together, both organically and through acquisitions," said CMC's new CEO Mr. Swanson. "I'm incredibly proud to work with CMC's excellent team and highly talented consultants. Together we will continue to enhance CMC's reputation as the leader in IT consulting."
CMC provides an integrated set of project- and deliverable-based strategic IT solutions, including consulting services, ERP, IT staffing, and managed services. CMC serves a wide range of clients in such industries as financial, health care, telecommunications, and logistics. Headquartered in Tampa, FL, CMC has operations in Florida, New York, and Texas. For more information on CMC, visit: http://www.cmcits.com.
Falcon Capital is a private equity firm that owns, operates and invests in leading technology services businesses. The Company has been involved in both acquisitions and startups in the technology services arena. Falcon Capital takes a unique approach of leveraging its network of specialist companies and experts that provide deep domain and operations expertise. Additionally, Falcon Capital has a team of experts that assists with turnaround services. Leveraging the insight and experience gained over the past 10 years, Falcon Capital takes an active role in assuring the success of its partners' technology initiatives. For more information on Falcon Capital, visit: http://www.falconcapital.net.