Acquisition will further enlarge TechTeam's professional services and systems integration business segment and greatly expand the Company's government technology systems presence in North America
SOUTHFIELD, MI -- Jan. 3, 2004 -- TechTeam Global, Inc., (Nasdaq: TEAM), a global provider of information technology and business process outsourcing support services, today announced that it has purchased all of the outstanding stock of Sytel, Inc., effective as of today. Sytel is a diversified information technology services and solutions company headquartered in Bethesda, Maryland, providing managed network services and advanced enterprise solutions -- including network design, management, and support; network security services; help desk support; program design and implementation; and e-government and e-learning solutions -- to several departments of the federal government. Sytel has enjoyed long and substantial customer-supplier relationships with several branches of the United States government, including the Department of State, Department of Homeland Security, Department of Defense, Department of Health and Human Services, Department of Commerce, the Export-Import Bank, the Drug Enforcement Administration, and the National Institutes of Health.
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