CTP hooks up with Ramos - Ramos & Assoc's joins with Cambridge Technology Partners - Company Business and Marketing - Brief Article

Software Magazine, Jan, 1997 by Deborah Radcliff

Hosting a campy wedding replete with tuxes, bridesmaid dresses and "Just Married" banners, IT consultancy Ramos & Assoc. Inc. took advantage of the recent PeopleSoft Users Conference in San Diego to announce it had hitched its star to Cambridge Technology Partners (CTP), an IT consulting and implementation firm in Cambridge, Mass. With San Ramon, Calif.-based Ramos, a $20 million installer of PeopleSoft HR management and financials, CTP gets a foothold in the enterprise resource planning (ERP) services market, which is expected to reach $100 billion by the year 2000.

"This whole ERP market is expanding. Cambridge felt this merger gave us a big jumpstart in the packaged solutions business, since Ramos is a leading implementor of PeopleSoft," says Art Toscanini, CFO for the six-year-old CTP. The $39 million stock-buy of Ramos marks the most recent in a series of CTP acquisitions, which include the October acquisitions of Geneva-based consultancy NatSoft S.A., and the 1995 purchases of Axiom Management Consulting Inc. and System Consulting Group Inc.

Says Toscanini, "The mergers are all strategic. We want to be a $1 billion dollar company by the year 2001. We have the infrastructure, sales force, and marketing power to integrate and support these companies into our management philosophy and methodologies of fixed time/fixed pricing and rapid deployment." CTP's revenue in 1995 was $133 million.