Stefanini IT Solutions Completes Acquisition of TechTeam Global, Extending Global Presence, Broadening Suite of ServicesBy Stefanini It Solutions, PRNE
Sunday, December 12, 2010
Newly-formed Stefanini TechTeam subsidiary expands direct presence to 27 countries, broadens expertise across application outsourcing, software development, service desk, BPO
SAO PAULO, December 14, 2010 - Stefanini IT Solutions Group today announced the completion of its tender
offer to acquire the outstanding shares of TechTeam Global, Inc, resulting in
a merger of the two companies to form a new subsidiary, Stefanini TechTeam.
With this acquisition, Stefanini will have a direct presence in 27
countries — up from 16 today, creating a broader global presence. The
newly-formed subsidiary also brings together Stefanini's traditional strength
in areas like application outsourcing and software development with Tech
Team's expertise in service desk and BPO.
With the addition of TechTeam employees, the Stefanini IT Solutions Group
will now have nearly 12,000 employees worldwide and revenues of $600 Million
The acquisition builds on Stefanini's existing relationship with TechTeam
as a client and partner, which is expected to ensure a smooth and efficient
integration of the organizations. Earlier this year, Stefanini and TechTeam
formed a strategic partnership, and the success of that partnership led
Stefanini to pursue a merger they believe will create even more opportunities
for business growth.
"As our two companies worked together, it became clear that our
geographic footprints and service portfolios were highly complementary, and
we realized that Stefanini and TechTeam share similar customer-oriented
cultures that will enable us to more effectively address emerging
opportunities in global outsourcing," said Marco Stefanini, founder,
president and CEO of the Stefanini IT Solutions Group. "Stefanini's
acquisition of TechTeam and the formation of our new Stefanini TechTeam
subsidiary aligns with several major trends driving growth in outsourcing:
globalization, flexible and comprehensive services, rightsourcing and the
emergence of Brazil as an economic powerhouse."
Stronger Global Presence
The addition of TechTeam's offices in Europe and Asia Pacific complements
Stefanini's strong and growing position in Latin America and North America,
giving Stefanini direct presence in 27 countries. Stefanini TechTeam will
have a broader global reach and a combined 20 global accounts worldwide. Both
Stefanini and Tech Team have experience managing global contracts with very
large multinational companies, and the acquisition positions the combined
company to increase this portfolio of global engagements with large
More Comprehensive Suite of Services
The acquisition of TechTeam brings together Stefanini's offerings in
application outsourcing and software development with TechTeam's strengths in
areas like Infrastructure Outsourcing and BPO. TechTeam has been a leader in
IT outsourcing and business process outsourcing services for large and
medium-sized businesses, with offerings like service desk, technical support,
desk-side support, security administration, infrastructure management and
related professional services. In 2009, the Black Book of Outsourcing ranked
TechTeam number one globally in help desk outsourcing across both Tier 1 and
Mid Tier customers, as well as number one globally in IT infrastructure
outsourcing for Mid Tier customers. The acquisition will allow Stefanini to
offer TechTeam clients and its own customer base a more comprehensive suite
of services to meet IT priorities and/or to scale into new areas as their
Deeper Rightsourcing Options
The acquisition strengthens Stefanini's ability to offer clients the full
spectrum of delivery options, including offshore, nearshore, onshore - no
matter where a client is based, leveraging the combined companies'
development centers and other resources in regions worldwide. With the
acquisition, Stefanini extends its position as an alternative to the
traditional Indian offshore model, offering a nearshore option for the U.S.
– with the delivery centers in Latin America - as well as for Europe — with
Romania-based deliver services.
Reinforcing Brazil's Economic and Outsourcing Influence
The acquisition of U.S.-based TechTeam by a Brazil-based company is
evidence of the growing influence and power of Latin America in global
business. Brazil in particular is increasingly recognized as an emerging
force in business and the global economy.
"The Stefanini IT Solutions Group's goal is to become a $1.2 billion
company by the end of 2013, and we feel this acquisition of TechTeam will be
a major contributor in our work toward that objective," said Marco Stefanini.
"We are confident that the formation of Stefanini TechTeam will enable us to
improve the support we provide our clients –with a more comprehensive
portfolio of services and a broader global reach - and create more
opportunities for our employees to grow and prosper.
"At Stefanini, we pride ourselves on an entrepreneurial spirit -
encouraging employees to work together to develop new business opportunities
aimed at providing the best services possible to a growing base of clients -
and the merger of our companies will provide an extraordinary opportunity to
put this philosophy to work."
Founded in 1979 and headquartered in Southfield, MI, TechTeam has
approximately 2,200 employees across the world, providing IT support in 32
For more information on this announcement, please refer to formal
acquisition news release.
About Stefanini IT Solutions
Stefanini IT Solutions is a global provider of IT consulting, systems
integration and outsourcing services. The company has nearly 12,000 employees
in 27 countries, and more than 400 active clients across a broad spectrum of
markets, including energy and utilities, insurance, manufacturing and
distribution, oil and gas, financial services, life sciences and telecom.
Stefanini IT Solutions is ISO 9001:2000 certified and was awarded CMMI Level
5 certification in 2005. Founded in 1987, Stefanini IT Solutions currently
has operations worldwide, including locations throughout North America.
Maribel Lopez, +1-781-404-2426, mlopez at topazpartners.com, or Antonio Barretto, +55-11-3039-2065, abarretto at stefanini.com, or Debora Freire, DFreire Comunicacao e Negocios, +55-11-5505-8922, debora at dfreire.com.br
Tags: Brazil, December 14, Sao paulo, Scandinavia, Stefanini It Solutions, Western Europe