Canterbury Acquires DataMosaic International, Inc
Plans National Technical/Contracting Recruiting/Consulting Division
MEDFORD, N.J., Aug 30, 2000 (BUSINESS WIRE) -- Canterbury Information Technology, Inc.
(NASDAQ - CITI) - announced today that it had acquired 100% of the stock of DataMosaic
International, Inc. of Norcross, GA. DataMosaic is a management and systems consulting
company, which provides staffing augmentation solutions and consulting services to the
information technology industry. Short term and long term contracting along with permanent
placement and project management of IT professionals is provided to mid-sized and Fortune
1000 corporations for: technical leaders and specialists, senior programming analysts,
programmers, systems support and administration specialists experienced in networking, data
communications, LAN/WAN, SQA/testing and technical writing. DataMosaic consultants have
expertise in the following skills sets: Internet/intranet applications, E-commerce, client
server technologies, network/protocols and database design, mainframe/mini-computer.
Specific expertise exists with respect to JAVA, WAP and all major hardware and software
applications.
In conjunction with this acquisition Canterbury has formed Canterbury Consulting Group, Inc.
which will offer technical recruitment and contracting on a national basis both over the
Internet and in conjunction with existing Canterbury subsidiaries and affiliates. Canterbury
Consulting Group, Inc. will also be managed by the executive team that will continue to
operate DataMosaic International. Mark Vallario and D. Kent Jordan have signed long term
contracts both with DataMosaic International, Inc. and with Canterbury Consulting Group, Inc.
and have committed themselves to an aggressive national expansion program.
Stanton M. Pikus, Canterbury's president, is quoted as saying "this acquisition provides the
Canterbury companies with additional expertise to offer our corporate customer bases We
intend to immediately open Canterbury Consulting Group offices at our subsidiaries in New
York City, New Jersey, Maryland and Texas. Our ability to cross market each of our
subsidiaries' customer bases could significantly increase both the revenues and profits
emanating from DataMosaic but could also open many other doors to our existing information
technology based subsidiaries."
Mr. Pikus went on to say "this is our second acquisition in the last ten months and we are
continuing to aggressively pursue other acquisition opportunities in order to expand
Canterbury both internally and externally."
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