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RCM Technologies, Inc. Announces Acquisition of Project Solutions Group, Inc.
Tuesday, July 14, 2009 12:56 PM


(Source: PrimeNewswire)trackingPENNSAUKEN, N.J., July 14, 2009 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (Nasdaq:RCMT) announced the acquisition of Project Solutions Group, Inc. (PSG), a Marlborough, MA-based specialty provider of project portfolio management and training services for a diverse client base. PSG is a Microsoft Gold-Certified Partner with multiple offices and sales locations nationwide.

PSG has an attractive range of competencies that include Enterprise Project Management, Information Worker Solutions, Portals and Collaboration, and ISV (Independent Software Vendor)/Software Solutions. PSG's major customers include American Family Insurance, Autodesk, Children's Healthcare of Atlanta, Continental Airlines, Intuit, M&T Bank, Microsoft, Revlon, Toys R Us and University of Wisconsin - Madison. A newly formed Enterprise Project Management business unit, which encompasses former PSG business, will be part of RCM's Enterprise Business Solutions group under the leadership of Dale Mansour, RCM Senior Vice President. Former PSG principals Tom Westcott, Tod Monchecourt, and Anisha Mason will manage this new unit.

The RCM Enterprise Business Solutions group's core mission is to create value-oriented offerings that produce proprietary customized solutions and include intellectual property by bundling software, systems, tools and services into integrated and comprehensive business and technology solutions. PSG's services fit well within RCM's overall strategy by complementing and supplementing its existing service offerings. By acquiring PSG, RCM has strengthened the foundational technology layer of its Enterprise Business Solutions group. PSG's solution expertise, including its Software as a Service (SaaS) offering, enhances RCM's diversified Microsoft-focused consulting and solution services.

Leon Kopyt, Chairman and CEO of RCM, commented: "We are pleased to welcome PSG into the RCM family and believe that their established Microsoft expertise will greatly contribute toward expanding our Enterprise Business Solutions offerings."

Dale Mansour, RCM's Senior Vice President of Enterprise Business Solutions, remarked: "The PSG acquisition enhances our reputation as one of the nation's top client-focused Microsoft technology-based systems integrators. We believe that PSG is an attractive fit to RCM's current capabilities because it extends our geographic footprint in the Microsoft space and expands RCM's ability to serve its clients in mitigating business process issues in the enterprise market."

Tom Westcott, former CEO of PSG, explained: "Since our inception, PSG has been a recognized leader in providing project and portfolio management services.



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