Minneapolis, MN (August 4, 2009) - Analysts International Corporation and Netarx, LLC, a premier provider of business transforming technology solutions headquartered in Farmington Hills, MI, today announced that they have signed a definitive agreement under which Netarx will acquire substantially all the assets of AIC’s value-added reseller (VAR) business and its supporting service offerings. The agreement was signed on August 4, 2009, and is effective immediately.
As part of this agreement, AIC and Netarx will enter into an alliance agreement and continue to work together to jointly serve the IT and network communication needs of clients throughout the Great Lakes region. AIC will continue to provide IT staffing and application development services throughout this region and work in partnership with Netarx to augment its services and deliver on the collaboration, data center and network communication needs of its clients.
“We are excited about the possibilities this transaction presents for both AIC and Netarx,” said Elmer Baldwin, AIC’s President and CEO. “This move significantly reduces the complexity of our business and enables us to focus our attention on growing our core services, including IT staffing, consulting and application solutions. For Netarx, this agreement provides them with an established business that greatly expands their delivery capability, broadens their offering and fits well into their overall strategy for growth.”
“The longevity and strength of AIC’s customer relationships, combined with their solution expertise and great reputation in the marketplace makes this a very attractive addition to Netarx,” said Duane Tursi, Chief Executive Officer of Netarx. “The more than 150 professionals transitioning from AIC’s VAR business to Netarx bring significant experience and expertise to our business in areas such as unified communications, collaboration, data center and professional services.”
“The combination of our organizations is most beneficial to our customers who will benefit from our world-class engineering teams and variety of managed services options,” added Netarx Chairman and President Sandy Kronenberg.
AIC and Netarx will work together to help ensure this transaction results in a smooth transition for clients, partners and employees.