Digital Intelligence Systems (DISYS), a provider talent and IT project solutions, is acquiring Xtreme Consulting Group, a talent and IT solutions company based in the Pacific Northwest with operations throughout the US, DISYS has confirmed.
The deal is expected to be finalized by May 11. Financial terms were not disclosed.
Xtreme, based in Kirkland, Washington, was founded in 2005. Revenue exceeded $76 million in 2017, and the 550-person company and has landed on the Inc. 500 list as one of the country's fastest-growing companies -- though we're not sure which year the honor occurred.
DISYS, headquartered in McLean, Va., expects to have approximately 3,600 employees worldwide once the deal closes.
Among the key services DISYS gains, according to an FAQ about the deal:
- AI-powered cloud management platforms for private and public cloud environments
- Customer experience (CX) platforms powered by Chatbots and AI
- Skills enhancement platform that has up-skilled 4 million+ technology experts to date
- MVP development teams powered by DevOps experts offering rapid product delivery from low-cost US regions.
DISYS, Xtreme Executives Weigh In
Describing the deal's value, DISYS CEO Mahfuz Ahmed said in a prepared statement:
“This acquisition is an important milestone in DISYS’ strategic growth plan, scaling our revenues and adding technical capabilities previously unavailable to our clients within our service offering. Our customers increasingly seek critical talent and technical solutions to help them manage rapidly changing environments that are increasingly focused on efficiency. This acquisition positions DISYS to be a strong and trusted partner of choice for driving efficiency and providing solutions that empower them to accomplish more.”
Added Xtreme CEO Greg Rankich:
“Our clients have been clear that they need to improve the performance of teams and systems within their environments. They want their partners to help them manage speed, quality and consistency. By leveraging DISYS’ expertise in IT consulting services and innovations around process automation and cloud enablement, the combined company will be positioned strongly to meet its customers’ optimization needs.”
The is the latest in a growing list of M&A deals involving staffing firms that have IT solutions provider expertise.