Canadian IT and management consulting company Sierra Systems Group has entered into an agreement to acquire RIS, a provider of applications support and maintenance services. The acquisition is expected to expand its product portfolio for IT services and enhance its presence across Canada, Romania, and the US.
RIS brings thought and market-leadership in the managed service provider space, as well as a strong service delivery track record in enterprise resource planning, business intelligence and data warehousing, said Joe Campbell, president and chief executive at Sierra Systems.
The acquisition is expected to close on November 30, 2007 with RIS being merged into Sierra Systems from January, 2008.
Golden Gate Capital, a private equity investment firm completed its acquisition of Sierra Systems earlier in 2007. It supported the acquisition of RIS by Sierra Systems on the basis of their complementary services offerings, vertical expertise, and geographical presence.
Source: ComputerWire daily updates