Technology Solutions Company (TSC) and ZAMBA Corporation announced the closing of TSC's acquisition of ZAMBA, a premier customer relationship management (CRM) services company. The transaction, which was approved by ZAMBA'S shareholders, will be effective Dec. 31, 2004.
"We are very excited about this acquisition. In addition to a great cultural fit, which is exceptionally important in our business, we have already seen benefits in the marketplace with significant new client wins," said Michael Gorsage, president and CEO of TSC. "This merger solidifies our presence in the CRM market, gives us a strong base of clients and delivery talent from which to build, and provides a platform for future growth opportunities."
"Our team is looking forward to joining TSC, and we are all committed to growing our combined company and continuing the tradition both firms have in providing outstanding client service," added Michael Carrel, president and CEO of ZAMBA.
In the transaction, each share of ZAMBA common will be converted into 0.15 TSC common shares. Information regarding the distribution of certificates for TSC shares, including a letter of transmittal, will be sent to each ZAMBA shareholder with instructions for exchanging ZAMBA stock certificates for TSC stock certificates.
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