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To: elvisdoc who wrote (2543)	4/11/1999 9:12:00 PM
From: robert miller	Read Replies (1) \| Respond to of 4467

elvisdoc, Looks like this ICG company has a strong future. Top management appears sound. bob Acquisition Adds App Hosting To Breakaway's Arsenal By John Madden, PC Week Online April 5, 1999 Breakaway Solutions Inc., an IT consulting firm specializing in midsize companies, this week picked up application hosting capabilities with its acquisition of a New York startup. Boston-based Breakaway has purchased Applica, founded last year,for $3.5 million. The company specializes in e-commerce and customer-management-systems hosting. Applica's dozen employees will join Breakaway, with Chairman Bob Farzami becoming vice president of corporate development. Dev Ittycheria, Applica's president and CEO, will head up Breakaway's application service provider division. Breakaway President and CEO Gordon Brooks, a former senior vice president at Cambridge Technology Partners Inc., said the acquisition will play an important part in the company's planned growth. Breakaway can now use Applica's three data centers -- in Jersey City, N.J., Boston and San Mateo, Calif. -- to add application hosting to its consulting and systems integration offerings. Forrester Research Inc. predicts the application hosting market will grow to more than $6 billion in the next few years. Brooks said privately held Breakaway sees the midsize market as traditionally under-served by the larger consulting firms and systems integration companies. Customers include the Chicago Board of Trade, Foodservice.com and Partners Healthcare System. The company has been on a roll as of late, recently receiving an $8.3 million equity investment from the Internet Capital Group of Wayne, Pa. Breakaway, formerly The Counsell Group, can be reached at www.breakaway.com.