International Shared Services (ISS) Acquires Infrastructure Services Division
Plymouth Meeting, PA, January 15, 2003—Calling it "a positive move toward growth and service excellence," International Shared Services, Inc. (ISS) of Plymouth Meeting has purchased the Infrastructure Services Division (formerly known as Computer Hardware Maintenance Co. or CHMC) of Condor Technology Solutions, Inc., Baltimore MD.
"During these challenging economic times when many technology companies are downsizing or closing, we’re excited about this opportunity to expand our services," said Joseph Panas, President & CEO of International Shared Services. "This acquisition will significantly increase the number of ISS employees and dramatically expand our geographic service area."
The acquisition will enable ISS to expand its computer and clinical engineering services into Philadelphia and the state of New Jersey, territories currently serviced by Infrastructure Services Division.
"Our clients will benefit from the resources of both technology companies with expanded services and our ability to leverage more competitive product pricing," said Panas. "Our goal is to build long-term relationships with our clients by helping them achieve their goals in the ever-changing information technology world."
Infrastructure Services Division, headquartered in Langhorne, Pa., was founded in 1972 and was acquired by Condor Technology Solutions, Inc., a technology and communications company specializing in the organization, analysis and distribution of business information, in 1998. Infrastructure Services Division, currently with 116 employees, specializes in network design, onsite service and repair, help desk services, and hardware and software procurement.
ISS, with 140 employees, has been providing computer and clinical engineering solutions for a broad range of businesses, industries, schools and health care providers from more than a dozen satellite offices throughout the Mid-Atlantic region since 1971. ISS is singularly devoted to the planning, installation, maintenance and service of sophisticated high technology equipment.
ISS officials are implementing a transition plan and expect to retain all employees at both companies. The acquisition was coordinated by Acquisition Management Services (AMS) of King of Prussia.
ISS is an affiliate of the Geisinger Health System. Founded in 1915, Geisinger Health System provides more than two million people in 31 counties in Pennsylvania a complete continuum of quality healthcare. Geisinger is a physician-led health care system, dedicated to health care, education, research and service. For more information visit www.geisinger.org.