Atlanta, GA, May 15, 2009 --(PR.com
)-- Atlanta-based American CyberSystems, Inc. (ACS), a multinational information technology services company offering IT consulting and staffing services, acquired Foundation Systems, Inc. (FSI), a full-service IT Solutions firm providing vendor management solutions, and serving as a national staffing supplier to vendor-neutral programs at Fortune 1000 companies.
The acquisition of FSI is the latest realization of ACS’s strategy of adding innovative, customer-centric staffing partners, with strong brands and industry reputations, to their growing organization. The acquisition enables ACS to not only expand geographically, but also to leverage their expertise in the telecommunications, utilities and financial verticals to further increase its footprint in those areas. “With clients like AT&T, Alcatel-Lucent, PG&E, Xcel Energy, Merrill Lynch and Bank of New York, this acquisition is a logical progression for us,” stated Raj Sardana, President and CEO of American CyberSystems. “It allows us to apply the significant expertise we’ve developed in these markets to further expand our client base.”
"Additionally, we strive to continually broaden our resources and bring more value to our clients. The acquisition of FSI represents our desire to expand upon the services we provide, and to strengthen our ability to exceed our clients’ expectations,” stated Sardana.
Both companies are minority owned, and both place a high degree of importance on diversity. ACS is a certified minority-owned business enterprise, and FSI is a woman-owned business enterprise. Both have won awards for their diversity initiatives.
The acquisition of FSI follows the 4th-quarter, 2008 acquisition of Atlanta-based MSI Strategic Solutions, a full-service IT recruiting firm and former division of MSI International. Both acquisitions place ACS’s sales beyond the $100 million mark.
About Foundation Systems, Inc.
Founded in 1999, Foundation Systems, Inc. leverages its global operations, seasoned executive team, and certified woman-owned business status to recruit contract workers for Fortune 1000 firms through Vendor Management Systems (VMS). With recruiting teams located in San Francisco, New York, Boston and Bangalore, India, FSI focuses on technical and professional staff augmentation in all locations in the United States across several industries.
About American CyberSystems, Inc.
American CyberSystems, Inc. is a multinational information technology services company, offering IT consulting and staffing services, systems integration, and business solutions. Founded in 1998, ACS is headquartered in Atlanta, Georgia, and has offices throughout the US, Canada, Latin America and India. With over $100 million in sales, ACS serves on the vendor list of nearly half of the Fortune 125, serving clients in a variety of industries, from emerging companies to Fortune 500 enterprises. ACS is a Certified MBE firm, holds Top Secret cleared facility by the Department of Defense, and is ranked 13th on the list of Top 100 Minority/Woman Owned businesses by DiversityBusiness.com.
For more information about the acquisition of Foundation Systems, Inc. by American CyberSystems, Inc., please contact Karen Kissiah at 678-397-0198, or visit www.acsicorp.com.