Forsythe Acquires IST

SKOKIE, Ill. -- Forsythe Solutions Group, Inc., a 36-year old national provider of technology infrastructure services and a wholly-owned subsidiary of Forsythe Technology, Inc., announced that it has acquired Information Security Technology, Inc. (IST), a leading provider of information security solutions, for an undisclosed amount. IST employs more than 30 people in seven locations in the U.S. and Canada. The company was founded in 2000 and is headquartered in St. Paul, Minnesota.

This acquisition enhances Forsythes range of information security offerings and capabilities. It also strengthens Forsythe’s presence in Minnesota and in the Ohio Valley, and introduces Forsythe into the Canadian market for IT infrastructure solutions.

This transaction is Forsythe’s third major acquisition of a security services company in five years. In February, 2004, Forsythe acquired National Business Group, Inc. (NBG), an Atlanta-based leader in networking integration of security solutions. In 2002, Forsythe acquired the security and consulting services assets and contracts of Telenisus, a Chicago-based company that helped customers secure business over the Internet.

“Our customers face increased information security challenges, threats and vulnerabilities,” comments Forsythe president William P. Brennan. “Information security is no longer a separate discipline—it permeates every aspect of IT infrastructure. The addition of IST’s security expertise and experience further enhances Forsythe’s information security capabilities and strengthens the full complement of IT infrastructure offerings we provide to our customers.”

Forsythe Solutions Group Inc.