(1888PressRelease)
March 20, 2006 - Global Reach has announced the acquisition of Dakota Internet Technologies, Inc. The North Dakota-based company had operations in North Dakota and clients in North Dakota, Oregon and Maine.
Dakota Internet Technologies provided web development and hosting to clients in a variety of industries including government, real estate, manufacturing, e-commerce, and travel and tourism.
“This acquisition contributes toward our continued growth,” commented Iacovos Zachariades, President of Global Reach. “It was a perfect fit for us. They have a team of really talented individuals and fit really well into our company culture.”
Global Reach, which recently celebrated their 10th anniversary, has notched strong growth within the state with two Iowa offices in Des Moines and Ames as well as their two international offices in Cyprus and South Korea. “With this acquisition we reach out to new geographic markets even as we continue our rapid organic growth within our existing markets,” commented Dale Bentlage, Vice President of Business Development.
The acquisition included Dakota Internet Technologies’ client base, staff and assets. All of Dakota Internet Technologies’ staff will be retained through the acquisition.
“When we first had some discussions about ways that we could partner, it became apparent that an acquisition was a perfect fit,” noted Zachariades. “They have a good team and great clients. Both of our management teams saw the inherent value created by the combination of our companies.
Rick Brown, President of Dakota Internet Technologies, commented on the acquisition, “We’re excited about being a part of Global Reach. There are a lot of natural synergies and strengths between our companies. It’s a great opportunity for the company and all of our employees.
