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Itineris Acquires Crimson Oak Consulting, and Expands Its Presence on the North American Utility Market(March 12, 2012)
GHENT, BELGIUM -- (Marketwire) -- 03/12/12 -- Itineris -- excellence in utilities -- is delighted to announce its acquisition of Marietta (Georgia - USA) based Crimson Oak Consulting. For Itineris this acquisition heralds a new phase within the growth strategy of the company. About six months ago both Itineris' CEO Edgard Vermeersch and ParticipatieMaatschappij Vlaanderen (PMV) invested 4.5 million euros in the company to support its growth plans. Today, the first results of this growth plan are there, with the acquisition of Crimson Oak Consulting and the Microsoft Dynamics AX certification of UMAX, Itineris' software solution for utilities.
Who is Itineris?
Headquartered near Ghent, Belgium-based Itineris is an innovative 100% utility industry focused international, business and IT application consulting group. Itineris was founded in 2003 by Edgard Vermeersch and has shown a steady growth over time. In just a few years this Microsoft Gold partner has established an impressive track record of successful implementations at utilities and a sound financial basis. At present, Itineris may count a large number of major (inter)national utility players to its client portfolio such as e.g.: E.ON, VMW, EDF, Eneco, Delta, Trianel...
Itineris offers innovative software solutions (inter alia UMAX) built on the Microsoft Dynamics AX® platform and related IT services for utilities. Through its offering it supports the different market roles and commodities within the European & North American utility industries. As of today, with the acquisition of Crimson Oak Consulting, Itineris counts 200 utility experts.
Press release in PDF http://hugin.info/151699/R/1593062/501151.pdf
For more information, please contact:
Thomas De Ganck
Tel. +32 (0)9 386 01 02
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