London - July 24, 2008 – For immediate release:
Bestoutcome Limited, a UK-based consultancy specialising in IT project and programme management, has announced that it has acquired the whole of the issued share capital of ISA Limited, a supplier of tailored and integrated business applications built on the latest Microsoft technology platforms including Sharepoint and the .NET Framework.
With a forecast this year of annual revenue in excess of £5 million, a combined IT services enterprise has been created from the agreement signed on July 18th. Barry Jackson and David Walton, respectively chairman and managing director of Bestoutcome, will join the ISA board, and Thomas Payne, managing director of ISA, will join the consultancy's board.
The acquisition enables the two companies to immediately pool resources, enjoy economies of scale, and offer a comprehensive range of complementary IT products and services to clients. This will include strategic consultancy, execution, and ongoing support. Marketing and sales will be aimed at the retail, finance, media, healthcare, distribution, and construction industries, and other vertical markets.
"At a stroke, the acquisition has doubled not only both organisations' resources and access to new business opportunities, but also the products and services each can offer within a combined, highly competitive, and stable group," said Barry Jackson, an experienced entrepreneur with a track record of creating successful IT companies in Europe.
The combined products and services portfolio will include proven project and programme management expertise from Bestoutcome; the company's PM3 software product for strategic, outcome driven project and programme management; ISA's IsaQuest products for quality assurance and data capture; the company's customer relationship management solutions based on Microsoft Dynamics CRM; and it's high quality software development capability to Microsoft Gold Certified Partner standards.
Bestoutcome acquired the software developer for two reasons: first, because its work for clients often entails providing crucial software projects as part of a programme, which before was sub-contracted to outside suppliers. By purchasing ISA the work may now be done in-house, with more control over meeting quality, time and budget constraints. If the client's requirements change it can be reflected faster in the work in progress.
Second, ISA has already worked extensively with Bestoutcome, developing the latter's PM3 software product. The consultancy was impressed by the developer's performance and suggested a closer working relationship, which led to the acquisition.
ABOUT ISA - www.isa.co.uk
Information Systems Associates (ISA) is a UK-based supplier of tailored and integrated business applications based on the latest Microsoft technologies. The company is a Microsoft Gold Certified Partner and is highly experienced in the use of Microsoft .NET technology. ISA also offers clients customer relationship management (CRM) solutions from Microsoft Dynamics. The developer's services encompass consultancy, analysis, design, development, and project management. It has also developed a range of software applications called IsaQuest, used for quality assurance and data capture, using hand-held and tablet PC devices. Founded in 1987 the company has successfully completed over 1,000 projects for clients operating in widely differing business environments, including the public sector.
ABOUT BESTOUTCOME - www.bestoutcome.com
Bestoutcome is a consultancy firm that specialises in project, programme and portfolio management, and facilitating business change. Its international clients past and present include prominent medium and large scale organisations in the private and public sectors. Its consultants are used to managing contracts typically in the region of £200m. The company has developed a particular approach, outcome-driven project management (ODPM), which is complementary to goal directed project management (GDPM). The former is based on gaining best value from the lifecycle of an investment and the company has developed a software tool, PM3, to support it. Founded seven years ago the company is based in Buckinghamshire, UK.
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