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Conversion Services International Acquires DeLeeuw Associates, Inc.
East Hanover, NJ (February 26, 2004) -- Conversion Services International, Inc. (CSI - The Center for Data Warehousing) (OTC Bulletin Board: CSII.OB ) ("CSI"), a leading provider of management consulting, business intelligence and data warehousing services & solutions for Global 1000 and other businesses, announced today that it has acquired DeLeeuw Associates, Inc. The terms of the transaction were not disclosed.
DeLeeuw Associates, based in Wayne, N.J., is a management consulting firm specializing in integration, reengineering and project management for financial services firms. Their associates have significant experience delivering value in large-scale, fast-paced projects within all financial services sectors and functional areas. DeLeeuw Associates has managed and supported some of the largest merger projects in the history of the financial services industry.
With over 30 consultants engaged in their Lean and Six Sigma methodology, DeLeeuw Associates provides their clients with rapid, quality results. They leverage Lean to combine process speed and deployment benefits with increased customer satisfaction, reduced costs, and improved revenues and profits. Their clients include Bank of America, TD Waterhouse and Bank One.
"DeLeeuw Associates is a strategic fit for CSI. We anticipate leveraging each Company's complimentary services within the financial services industry. We have already begun the process of introducing Lean & Six Sigma into our current service offerings," stated Scott Newman, CEO of CSI.
Founded in 1991 by CEO, Bob DeLeeuw, the Company enjoys a stellar reputation for the value that they supply. Bob currently serves as a member of the Editorial Advisory Board of Bank Technology News and has been published in American Banker, Mortgage Banking Magazine, The Journal of Consumer Lending and Bank Technology News. He has been a guest speaker at the Bank Administration Institute, Mortgage Banking and other industry conferences.
"We look forward to joining CSI as we strongly believe in their business plan and vision for the next several years. Their experienced management team and sales force were very attractive to us," stated Bob DeLeeuw.
About Conversion Services International, Inc.
A Note on Forward-Looking Statements
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