Bull Acquires CSB Consulting – an IT Services Company Based in Belgium and Luxembourg – Continuing its Dynamic Growth in Information Technology Services

BRUSSELS, June 16 /PRNewswire-FirstCall/ --

BRUSSELS, June 16 /PRNewswire-FirstCall/ –

– Bull Takes Another Step Towards its Goal of Becoming the European Leader in Information Technology

– Bull Further Strengthens its Presence in Belgium and Luxembourg as Well as Towards the European Union Institutions

Bull today announced that it has acquired CSB Consulting: the information technology (IT) services company with a presence in Belgium and Luxembourg. CSB Consulting specializes in value-added IT services offerings including consultancy, infrastructure management and project management.

Further reinforcing Bull's growth in this market, this latest acquisition is in line with the Group's aim – and that of its Belgian subsidiary – to establish its position as a key IT services provider to European Union institutions, as well as the banking and public sectors in Belgium and Luxembourg.

Created in 1999, CSB Consulting currently employs 150 people and recorded revenues of EUR10.4 million in the 2007 financial year.

As William Van Malderen, Managing Director of Bull Belgium and Luxembourg commented: "The acquisition of CSB Consulting marks a very important step in our development. It gives us critical mass both in Belgium and in Luxembourg, with no less than 300 experts and other staff now working for us in these countries: guaranteeing that we have the capacity to deliver very large-scale projects. We have already been working with CSB Consulting over a long period, and our extremely successful collaboration is another way in which we can ensure this capability."

As well as enhancing their business in IT services, the combination of Bull Belgium and CSB Consulting will also be bringing together their skills in:

– The management of large-scale projects (systems integration) – Open Source solutions – IT security – Professional services.

Because of its skill base, the acquisition of CSB Consulting opens up new markets for Bull in these territories, particularly in the areas of network management, infrastructure management, databases and systems development.

Ilias Casabalis and Manuel Pallage, respectively Managing Director and Chief Executive of CSB Consulting, confirmed their enthusiasm for this move: "We are delighted with this coming together of our two companies, because there are so many synergies and complementary skills we can use to enable us to accelerate our growth. We are also very pleased to be joining a Group whose strategy is so clearly aligned with our own areas of expertise."

About Bull, Architect of an Open World(TM)

As one of the leading European IT companies, Bull delivers open, flexible and secure information systems. The group helps public and private sector customers transform their information systems, applying its know-how and expertise in three main areas:

– Capitalizing on its extensive mainframe experience, Bull designs and produces robust, innovative and open servers, based on industry-standard technologies; – Building on its alliances with leading ISVs and long-standing involvement with Open Source, Bull develops and implements flexible and interoperable application infrastructures which give business processes the freedom to evolve; – Bringing together recognized expertise in end-to-end IT security, Bull secures data and exchanges that are so critical in preserving customers' business integrity.

Bull has a particularly strong presence in the public, healthcare, finance, telecommunications, manufacturing and defense sectors. Its distribution network and business partners cover more than 60 countries worldwide.

For more information visit: http://www.bull.com


Bull – Anne-Marie Jourdain – Phone: +33(0)1-30-80-32-52 – E-mail: anne-marie.jourdain@bull.net

Financial Dynamics – Elodie Marchand / Tiphaine Bannelier – Tel. +33(0)1-47-03-68-10 – elodie.marchand@fd.com / tiphaine.bannelier@fd.com


Comments are closed.