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Compunnel Software Group Inc., a business technology services and staffing provider, acquired Diversified Technical Solutions, a Fairfield, N.J.-based IT staffing firm. The transaction closed last month and terms were not disclosed.
Diversified Technical Solutions' former President Mike Russo joined Compunnel as director of business development for its IT staffing solutions.
“The acquisition enables us to continue our overall business growth plans and respond to the growing IT staffing solution requirements of our customers,” said Compunnel CEO Andy Gaur. “Diversified Technical Solutions has achieved great success and long-term relationships with numerous North American clients.”
Staffing is a strong portion of Compunnel’s business, which also includes application development and modernization, business intelligence, cloud and learning solutions. The Plainsboro, N.J.-based firm has additional offices in Seattle, Utah, Denmark, the UK and India.
Diversified Technical Solutions' customer base includes ADP Inc., Broadridge Financial Solutions, Schindler Elevators and others.
Compunnel also recently invested in New Jersey-based business and clinical intelligence firm SpectraMD, focused on the healthcare market. Compunnel's growth strategy calls for further acquisitions in the areas of IT consulting, learning and business intelligence/master data management/big data.