Forsythe Acquires Paragon Solutions Group

Tue Jul 14, 2009 12:55pm EDT
 
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North American IT Infrastructure Company Acquires Server and Storage Solutions
Provider
SKOKIE, Ill.--(Business Wire)--
Forsythe Solutions Group Inc., a 38-year old North American IT infrastructure
integrator and a wholly-owned subsidiary of Forsythe Technology Inc., announced
that it has acquired Paragon Solutions Group Inc., a leading provider of IBM
server and storage solutions and IBM Premier Business Partner, headquartered in
Denver, Colorado. Terms were not disclosed. 

As an IT infrastructure integrator, Forsythe is focused on taking care of its
clients` infrastructure solution needs across a variety of technology
challenges. This acquisition enhances Forsythe`s ability to provide IBM server
and storage products and services. 

This transaction is Forsythe`s 6th major acquisition in the last 9 years. In
2008, Forsythe acquired the assets of More Group Inc., a leading data storage
management integrator in Massachusetts. Previous acquisitions include St. Paul,
Minnesota-based Information Security Technology (IST), a security solutions
provider, in 2007; Atlanta-based National Business Group Inc. (NBG), a leader in
networking integration of security solutions in 2004; the security and
consulting services assets and contracts of Telenisus, a Chicago-based Internet
security company in 2002; and Denver-based Enterprise Computing Inc. (ECI) in
2001. 

"Paragon`s IT infrastructure and migration expertise, service delivery
methodology and technical depth provide its clients with solutions to increase
profitability, productivity and efficiency. These capabilities, coupled with
Paragon`s focus on long-term client relationships align well with the Forsythe
culture," says Bill Brennan, president and CEO of Forsythe. "As one of the
fastest growing and most respected partners within the IBM community, Paragon
brings us a team that will strengthen our IBM server and storage offerings and
our IBM services delivery capability, thus enhancing our ability to deliver cost
optimization solutions to our valued clients." 

With 2008 revenues of $52 million and more than 20 employees, Paragon Solutions
Group has grown rapidly since it was founded by president and CEO Haydn Hirstine
in 2003. 

"Paragon has aggressive growth plans, and this partnership provides us with
immediate scalability for our area of expertise throughout North America," says
Hirstine. "In addition, we saw a lot of synergies between the two companies.
We`re a proven expert at implementation, integration and migration services, and
we`re actively building our front-end consulting practice. Forsythe is clearly a
leader in the marketplace at front-end infrastructure-based consulting and
assessment services, so it is a great fit for us." 

This past April, Paragon was awarded the prestigious 2008 Beacon Award for
Outstanding IBM Power Systems Solutions by IBM. In 2007, Paragon was recognized
on Inc. Magazine`s list of Fastest Growing Private Companies, ranked number 288
of 500. In addition to IBM, Paragon is a partner to and integrator for Network
Appliance, VMware and CiRBA. 

Effective immediately, Paragon Solutions Group will operate as a wholly-owned
subsidiary of Forsythe Solutions Group Inc. Haydn Hirstine will continue as
president and CEO of Paragon Solutions Group, a Forsythe company. With the
acquisition of Paragon, Forsythe`s workforce now numbers more than 920 people in
more than 50 locations throughout the U.S. and Canada. 

About Forsythe

Founded in 1971, Forsythe is an information technology infrastructure
integrator. Forsythe helps complex organizations across all industries,
including Fortune 1000 companies, optimize cost and manage risk while improving
performance. Forsythe provides independent technology and business consulting
services, technology leasing services, and value-added reseller services for all
the leading technology product manufacturers. Headquartered in Skokie, Illinois,
Forsythe employs approximately 920 people in more than 50 offices throughout the
United States and Canada. Forsythe is privately held and 100-percent
employee-owned. In 2008, Forsythe achieved its 38th consecutive year of
profitability with revenues of $700 million. Forsythe McArthur Associates Inc.,
Forsythe Solutions Group Inc., Forsythe Federal Solutions Corp., Forsythe
Technology Canada Inc. and Forsythe International Inc. are wholly-owned
subsidiaries of Forsythe Technology Inc. For more information, visit
www.forsythe.com. 





KemperLesnik Communications
Allyson Marcus
312.755.3592
allyson.marcus@kemplerlesnik.com
or
Forsythe Technology
Kyra Auslander
847.213.7178
kauslander@forsythe.com



Copyright Business Wire 2009

 

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