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Averion sells staffing division

October 09 2007

Averion International Corp. of Southborough MA sold its life sciences staffing business for almost $2.3 million. The staffing unit was sold to former Averion executives Philip Clark and Harvey Greenawalt, according to a filing with the U.S. Securities and Exchange Commission. The staffing company will operate under the IT&E International name and will be based in Pottstown PA.

Averion's staffing services had revenue of almost $12.7 million in 2006 and an operating loss of $370,761, according to Averion's annual SEC filing.

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