SEPTEMBER 25, 2007, FAIRFIELD, NJ: ISH, Inc announced today the acquisition
of Paradigm Business Solutions, a leading provider of strategic consulting
services and one of the nation’s leading providers of Lawson Software
application and technical solutions. The acquisition will significantly
enhance ISH’s capabilities as a “Certified” Lawson Software
professional services provider while bringing the complete menu of ISH’s
clinical consulting services to Paradigm’s healthcare clients at
a time of continued need in the healthcare industry. Financial terms of
the deal completed in August were not disclosed.
“We are very pleased with our ability to make this perfect match
a reality. The acquisition of Paradigm enables ISH to offer the most comprehensive
set of Lawson services and resources available to our clients and our
industry” said Jeffrey J. Uliano, CEO of ISH. “Their experienced
management team and highly experienced and respected application and technical
resources are some of the best in the business. Since 1995, ISH has also
been a leading strategic partner and independent implementer of Lawson
Software and at the end of the day this combined entity means more efficient
Lawson implementations supported by the deepest talent pool of any systems
integrator.”
The acquisition now brings the number of ISH professional services industry
experts and business consultants to 225. These include experts in such
fields as clinical and financial system implementations, technical system
setup and support, clinical process management, financial and operational
management, interim management, and patient data management. Industries
covered now include Healthcare, Retail, Manufacturing, Financial Services/Banking,
Government, Publishing and Distribution.
“By joining forces with ISH, Paradigm is entering an exciting new
chapter in our evolution as a company," said Christopher H. Fibbe,
CEO, Paradigm Business Solutions, LLC. “The combination provides
the new company with the resources and the expertise to better serve customers
across several growing markets. We will also benefit from the leadership
of the tight and seasoned management team of ISH and the strategic counsel
provided by Summit Partners, whose experience will be beneficial in helping
us optimize the next phase of growth for our new company.”
Jim Catalino, Senior Vice President of America's Sales for Lawson Software
added, "ISH and Paradigm are two great long time partners of Lawson
Software, Inc. with strong expertise in our applications. The joining
of their organizations represents significant value for our clients offering
a stronger, deeper source of Lawson knowledge and expertise. In fact,
outside of Lawson's own Professional Services organization, no company
has a deeper more comprehensive pool of resources to service clients.”
Existing Paradigm customers can expect to continue to receive the high
level of quality service they have always experienced with the added benefit
of new and enhanced solution capabilities in the healthcare industry provided
by the ISH comprehensive portfolio of services.
About ISH
Headquartered in Fairfield, NJ, ISH has been a leader in providing professional
clinical and resource management consulting services to the healthcare
industry since 1989. ISH has delivered business improvement solutions
and IT implementations to prominent healthcare providers and has achieved
national recognition as a specialized service provider in the niche areas
of Perioperative Services, Sterile Processing, ED, EMR, Supply Chain,
Finance, HR/PR, Time & Attendance, Scheduling, Document Imaging, and
Interim Management. Now with a staff of over 225 professionals, an extensive
best practice library developed from over 500 clients and a powerful program
management methodology, ISH is positioned to deliver the results you need
when you need them.
About Paradigm Business Solutions
Paradigm Business Solutions, LLC is a leading provider of strategic consulting
services integrating front and back office operations and streamlining
business processes by implementing and deploying critical business applications.
Paradigm's team of consultants offer companies senior-level consulting
services customized to solve their business challenges. Paradigm's customers
include the Fortune 500 elite as well as small and medium size businesses
across several industries including Professional Services, Healthcare,
Bio Tech/Pharmaceuticals, Government, Retail, Communications and Financial
Services. Paradigm has also engaged in strategic partnerships with several
of the industry's leading technology and professional services organizations.
About Summit Partners
Summit Partners, a leading global private equity and venture capital firm,
has had an equity position with ISH since 1999. The firm has 90 investment
professionals with offices in Boston, Palo Alto and London. Formed in
1984, Summit Partners has raised nearly $9 billion in capital and invested
in more than 280 businesses. These companies have completed more than
120 public offerings and in excess of 100 strategic sales or mergers.
Summit Partners seeks out outstanding management teams that have self-financed
their companies to profitability and market leadership. The firm makes
equity investments in emerging growth companies and in management buyouts
and recapitalizations.
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