TROY ? NuSoft Solutions, a Microsoft Gold-Certified Partner in Troy, has been acquired by RCM Technologies Inc., a New Jersey-based technology solutions provider. No acquisition price was announced, but an SEC filing on Thursday said NuSoft was issued $3 million in RCM’s stock “as part of the consideration for the acquisition of certain assets from NuSoft.”
NuSoft founder and CEO Dale Mansour, as well as Keith Brophy, President of Services, will continue to manage NuSoft’s operations as part of RCM’s Enterprise Business Solutions Group, which is led by Brian Whitefield, RCM Senior Vice President. Several years ago, Brophy sold his Grand Rapids-based IT consulting company, Sagestone Solutions, to NuSoft.
NuSoft provides its customers with enterprise solutions, including Business Intelligence, Collaboration and Portals, Custom Application Development, Education Systems, Embedded Expertise and Infrastructure Design. Among its major customers are Cooper Standard, Dell, EquaTerra, Federal Mogul, Manatron, Meijer, Microsoft, Robertson Technologies, Spectrum Health, Waste Management and Zondervan. Revenues for NuSoft in 2007 were approximately $16 million.
“Joining RCM presents an exciting opportunity for NuSoft’s customers, employees and business partners,? Mansour said in a press release. ?By joining RCM, we gain strong leadership, vast experience, rapid scalability and national delivery. Moreover, we are delighted to join RCM because of our mutual technological and cultural synergies.?
Neither Mansour nor Brophy could be reached for further comment Friday.
RCM, in the press release, said by acquiring NuSoft, RCM has added a foundational technology layer to its already strong and diverse Enterprise Business Solutions Group, whose role includes being an authorized sales agent and reseller for some of the world’s largest software firms. The combination of NuSoft’s and RCM’s existing enterprise offerings in Enterprise Resource Planning (ERP), Enterprise Asset Management (EAM), Customer Relationship Management (CRM), Product Lifecycle Management (PLM) and Lean Process Consulting is expected to provide RCM with a competitive advantage by allowing customers and prospects to select a single partner for many or all of their complex enterprise business and technology needs. RCM posted fiscal 2007 revenues of $214 million with net income of nearly $7 million.
“We are very pleased to welcome NuSoft into the RCM family,? said
Leon Kopyt, Chairman and CEO. ?We anticipate that their top notch Microsoft expertise will advance and competitively strengthen RCM as a premier single-source provider of business and technology solutions having a strong vertical focus and offering an integrated suite of services. The continued consolidation of global enterprise software companies has created a more complex and challenging technology landscape which affects companies of all sizes. RCM’s comprehensive enterprise solutions strategy is designed to address the resultant challenges of integrating back-end functions, bridging functionality gaps and mitigating business process issues.”
Kopyt also said that RCM has executed two additional non-binding letters of intent with companies having capabilities that are compatible and complementary to those of NuSoft.
“These potential acquisitions would further enhance RCM’s position as the go-to partner for complete and comprehensive enterprise business solutions,” he said.
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