TechSys, Inc. Makes Strategic Investment in Technology Keiretsu, LLC
Business/Technology Editors
LIVINGSTON, N.J. -- (BUSINESS WIRE)--Sept. 5, 2000--TechSys, Inc. (NASDAQ:
TKSS), announced today that it has made a strategic investment in privately-held
Technology Keiretsu, LLC, a holding company operating such subsidiaries as
Alliant Technologies, an Internet and IT consulting firm, and Integrated Cabling
Solutions, LLC, a designer and installer of fiber and copper cabling for
medium- to large-size companies.
TechSys, Inc. focuses on investing in and acquiring information technology
businesses based in emerging markets. While the company's emphasis is mainly on
India, Technology Keiretsu is a U.S. concern.
"Technology Keiretsu's impressive growth and cutting-edge capabilities in the IT
industry make this a very attractive investment," Steven L. Trenk, President of
TechSys, Inc., said. "Joining Technology Keiretsu gives us entree to an elite
network of IT companies and professionals around the world. Through this
network, we expect to leverage our relationships to attract top-quality clients
to our companies, create joint ventures, establish strategic alliances and
identify investment opportunities in India."
Bruce Flitcroft, Chief Executive Managing Partner of Technology Keiretsu, said,
"This investment represents a strengthening of ties between TechSys and
Technology Keiretsu that builds upon the pre-existing relationships between
TechSys and Alliant Technologies, one of our subsidiaries. TechSys represents an
opportunity for Technology Keiretsu to expand its presence and relationships
into India and beyond."
TechSys, Inc. purchased an interest in Technology Keiretsu for shares of TechSys
common stock plus cash, according to the agreement. TechSys also has rights to
purchase an additional interest in Technology Keiretsu.
About TechSys, Inc.
The Company is focusing on the Information Technology sector, with an emphasis
on software services and Internet-based call centers. TechSys is an emerging
technology company emphasizing accelerated growth through the consolidation of
India-based, IT-oriented companies operating in two high growth sectors, namely,
managed software solutions and Web-based call center services.
About Technology Keiretsu
Technology Keiretsu, LLC, is a holding company formed by a group of leading
technologists and business analysts for the purpose of creating a network of
companies and partnerships which have access to a large network of resources,
knowledge and experience.
Alliant Technologies, LLC, is a fast-growing Internet and IT consulting firm
leading Fortune 1000 and dotcom companies into eBusiness through innovative,
business-driven technology solutions. Alliant specializes in developing
applications and the network systems to support them as well as e-commerce
software development. With an emphasis on security, multimedia convergence, and
high-availablity performance design, Alliant is a leader in cutting edge
technologies such as wireless technologies, high-availability systems, VolP, VPN
and storage area networks.
Integrated Cabling Solutions, LLC, designs and installs cost-effective fiber and
copper cabling for medium- to large-size companies.
This press release contains forward looking statements which involve numerous
risks and uncertainties. The Company's actual results could differ materially
from those anticipated in such forward looking statements as a result of certain
factors, including the risk factors set forth in the Company's registration
statement (No. 333-3194) filed with the Securities and Exchange Commission on
March 8, 2000.
