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Application Consulting Group, Inc. Acquires Vector Space Inc.
Pharmaceutical, Consumer Product, Financial and Retail sectors to benefit from Application
Consulting Group’s extended Business Intelligence development and implementation service capabilities.
Morristown, NJ, December 22, 2006, -
Application Consulting Group, Inc. (ACG), today announced that it has acquired Vector Space Inc.
(VSI), an IT consulting and systems integration company that specializes in Business Intelligence
consulting services in the Applix TM1(TM) software technology. The details of the deal have not been disclosed
Based in New York City, VSI, is recognized as one of the most strategic privately-held Applix TM1 consulting and integration companies in the country. The acquisition will boost ACG’s Service’s capabilities in data warehousing and business intelligence solutions. In addition, VSI’s proven technology expertise will contribute to ACG’s market position and delivery capabilities.
"VSI is a leading TM1 consulting player in the US market with a strong customer base," said Peter Edwards, President, ACG. "This acquisition will allow ACG to expand its footprint in the Business Intelligence market, enhance our go-to-market strategy in the financial services industry, and reinforce our presence in the Pharmaceutical, Consumer Products and Manufacturing segments."
"VSI has strengths and capabilities that complement ACG, while ACG’s customer account base will enable VSI’s service portfolio to reach a broader audience more quickly," said David Friedlander, president, VSI. "Vector Space customers will continue to enjoy the same high levels of service and attention they are accustomed to. They will also benefit from access to the broad range of technology and business expertise represented by ACG’s practice."
"ACG is a premium provider of strategic Business Solutions with proven expertise in Sales, Marketing and Finance. We are excited to be acquiring VSI - they are a known force in the industry. Our combined organizations will allows us to provide solutions that will give a competitive advantage to our customers" said Dennis Vining, Director of Sales and Marketing, Application Consulting Group.
Implementation of successful Applix TM1(TM) solutions requires excellent product expertise, financial background, web technology, and business skills. To provide these broad skill sets ACG, with the acquisition of VSI, created a dedicated Applix TM1(TM) practice area which operates as the Vector Space division within ACG. The goal of this team is to support clients in the implementation of Applix TM1(TM) solutions in an efficient and effective fashion.
About Application Consulting Group (ACG)
Founded in 1987, Application Consulting Group (ACG) specializes in providing business solutions to Global 1000 companies, primarily in the areas of Sales, Finance, Marketing, and Manufacturing. Our Business Solutions group is headquartered in Morristown, New Jersey. Our staff consists of technical experts and business professionals who have acquired extensive functional and industry related experience. ACG services spans every stage of the project life cycle from strategy, design, implementation to support. For more information, please visit ACG on the web. http://www.acgi.com
About Vector Space (VSI)
Founded in 1995, Vector Space offers consulting, training and software services for decision support. The company is a leading center of excellence delivering analytical solutions to private- and public-sector organizations, offering a suite of services for decision makers, IT organizations and technology companies. With a focus on delivering useful analytical results, we help our customers enhance their understanding of complex situations and processes so they can solve problems and make decisions better and faster. For more information, please visit VSI on the web. http://www.vectorspace.com