NEW YORK--(BUSINESS WIRE)--Smart Source is pleased to announce its acquisition of Data Associates in Waltham, MA. Smart Source will be consolidating its Wayland, MA operations into the Waltham facility to increase efficiencies and leverage Data Associates’ long standing customer relationships with its innovative technology and business model.
Smart Source is a leading Brand Management BPO and Technology provider headquartered in New York City which sources and services international customers. The company has a successful reputation for integrating and growing existing customer relationships by leveraging its Brand Sourcing Technology and Media Services to document significant ROI.
As a result of this effort and the success of our many customers, Smart Source has seen substantial growth and expansion in recent years. The acquisition of Data Associates will allow Smart Source to further increase market share and strengthen its existing Northeast operations. The acquisition also allows Data Associates to access the tools necessary to be a market leader and grow its business in an industry that continues to undergo change.
Data Associates is a family-owned and operated company founded 47 years ago and provides Marketing Communication services to medium and large organizations. Traditionally, the company has focused on the Northeast market and will now be able to provide services to its customers worldwide. “We were searching for the right company to align with, and found that Smart Source delivers the most innovative technology, a proven certified sourcing program, and the experience to help us make Data Associates a Tier 1 provider,” added Mark DeAngelis, CEO and Owner of Data Associates.
In announcing the acquisition, Tom D’Agostino Jr., Founder and CEO of Smart Source, stated, "It is a pleasure to welcome the Data Associates family into Smart Source and to see the excitement and opportunity that this deal represents to employees. We will introduce Data Associates’ customers to Smart Source and offer our expanded platform of services and technology while continuing to provide great service.”
The addition of Data Associates will deliver an additional revenue stream of $7.5MM to Smart Source, which will increase annual revenues to $65MM. We are excited to work with Mark DeAngelis, Joe St. Martin and their entire team to grow our organization. Our team is made up of proven industry leaders that have consolidated their experience and success to make Smart Source a leading Brand Management BPO and Technology provider.
