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Abstract
Brainhunter Inc. ("Brainhunter") (TSX:BH) is pleased to announce that it has closed the acquisition of AJJA Information Technology Consultants Inc. ("AJJA"), an Ottawa based IT Consulting company. This acquisition increases Brainhunter's Ottawa presence to approximately $70.0 million in sales and doubles the earnings of our Ottawa based business. The merger of Brainhunter and AJJA will result in the consolidated Ottawa business increasing its multi-year Standing Offer backlog by approximately $70 million. The customer base is very complementary providing a major presence with key customers in Ottawa. Additionally, AJJA brings twenty-five years of impeccable relationships with both consultants and customers. The personnel fit is equally complementary, resulting in a sales and recruiting organization second to none in the industry.
States John McKimm, Chairman & CEO of Brainhunter, "The AJJA transaction is a perfect fit with Brainhunter in all respects (people, customers and culture). The AJJA team has built an incredible organization based on integrity, discipline and fairness. We believe the merger of the two organizations creates the platform to build one of the largest and most successful IT Consulting companies in Ottawa."
Brainhunter is a publicly traded company with a senior listing on the Toronto Stock Exchange. Brainhunter, together with AJJA deploys over 1,100 Contractors / Consultants with an internal staff of approximately 180 personnel. The Company has offices in Toronto, Ottawa, Calgary, Vancouver, a correspondence relationship in China and a BPO office in India.