Premier Alliance Group, Inc. (PIMO.OB) Purchases the Assets of Intronic Solutions Group

 @ibtimes
on May 03 2010 6:05 AM

Premier Alliance Group Inc. provides business consulting services to customers with a focus on core areas of business processes used throughout the corporate world. These processes include project management, business analysis and strategic consulting. Typical initiatives in which the company provides its services include compliance and regulatory, merger and acquisition, and business process re-engineering efforts.

The company today announced it has executed an asset purchase agreement with Intronic Solutions Group LLC (ISG), an information technology consulting and staffing company. Through this acquisition, Premier Alliance Group will significantly expand its professional services portfolio to meet growing demand for consulting and strategic services.

The acquisition should give a big immediate boost to Premier Alliance. The company’s president, Mark Elliot, said. “This transaction will increase Premier Alliance Group’s billable resources by 40%, and double the reach of the company’s national presence. ISG shall provide value-added solutions to Premier Alliance existing customers that compliment and extend the services currently provided.”

Mr. Elliot went on, “We have worked closely with ISG and are confident about a smooth integration process and [ISG]…fits very well into our plan for both strategic and organic growth. This transaction continues to expand our geographic footprint, our customer base, our knowledge-based expertise, and our areas of practice, all key growth components as we go forward.”

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