Computer Task Group

Computer Task Group, Inc (commonly referred to as CTG) is an American multinational company headquartered in Buffalo, New York, that provides information technology staffing.

Computer Task Group, Incorporated
TypePublic
Nasdaq: CTG
Russell Microcap Index component
Industry
Founded1966
HeadquartersBuffalo, New York, United States
Key people
RevenueIncrease US$ 394.2 million[2] (2019)
Increase US$ 6.9 million[2] (2019)
Increase US$ 4.1 million[2] (2019)
Total assetsIncrease US$ 158.7 million[2] (2019)
Total equityIncrease US$ 66.2 million[2] (2019)
Number of employees
3,950[2] (2019)
Websitewww.ctg.com

History

CTG was founded in 1966 by Randolph A. Marks and G. David Baer, two former employees of IBM, in Buffalo, New York.[3] It was then called Marks-Baer Inc. (MBI). MBI's initial market was the medical industry, since both founders had experience in that area. By 1968, staff had grown to 20 and Marks-Baer Inc. changed its name to Computer Task Group Inc. (CTG). The company went public in 1969.

In 1975, CTG decided to become a national company.[4] CTG accelerated growth through acquisitions beginning in 1980 and within 5 years, acquired 15 companies. In 1986, the company made its first international acquisition, Shubrook International, Ltd., a software consulting firm based in Chertsey, England.[5]

In 2013, CTG acquired etrinity N.V., a healthcare IT company in Belgium.[6]

In 2018, CTG acquired Soft Company, a consulting and digital services company headquartered in Paris, France.[7]

In August 2023, it was announced CTG had been acquired by the Hasselt-headquartered IT services and consultancy company, Cegeka for $107 million.[8]

Acquisitions
  • Diversified Systems Inc. (1983)[9]
  • Automated Business Systems, Inc. (1983)[10]
  • Berger, Vernay & Co. (1985)[11]
  • Delta Force Inc. (1985)[12]
  • Documentation Resources, Inc. (1986)[13]
  • Shubrooks International, Ltd. (1986)[5]
  • Applied Management Systems, Inc. (1988)[14]
  • Connolly Data Systems Inc. (1990)[15]
  • Telecommunications Management Consultants (1990)[15]
  • Rendeck International N.V. (1990)[15]
  • Elumen Solutions Inc. (1999)[16]
  • etrinity N.V. (2013)[6]
  • Soft Company (2018)[7]
  • Tech-IT (2019)[17]

Divestitures
  • Profimatics Inc. (1994)[18]

Services

CTG develops IT for companies in several industries including healthcare and technology services, and provides managed services IT staffing for technology companies and large corporations. The company concentrates on the financial services, telecommunications, government, industry, life sciences, and healthcare sectors. The scope of offered services includes development and integration, application management, information security, system and process assessment, and IT consulting.

CTG Belgium created a software testing methodology called FASTBoX (Framework for Automated Software Testing Based On eXperience).

Operations

CTG operates in North America (US and Canada), Western Europe (Belgium, Luxembourg, United Kingdom and France), and India.[2] It counts about 451 clients; its largest clients are IBM and SDI International. As of December 2019, the company employs approximately 3,950 people worldwide, with 2,650 in the United States and Canada and 1,300 in Europe.

In 2018, the company operated 9 subsidiaries:

  • Computer Task Group of Canada, Inc.
  • Computer Task Group Belgium N.V.
  • CTG ITS S.A.
  • Computer Task Group IT Solutions, S.A.
  • Computer Task Group Luxembourg PSF
  • Computer Task Group (U.K.) Ltd.
  • CTG Health Solutions N.V.
  • Soft Company SAS (“Soft Company”)
  • Computer Task Information Technology Services Private Limited

References
  1. "CTG Profile Computer Task Group, Incorporat Stock". finance.yahoo.com. Yahoo! Finance. Retrieved 12 April 2016.
  2. "2019 Annual Report". CTG. Retrieved December 23, 2020.
  3. Kepos, Paula (1995). "CTG, Inc.". International Directory of Company Histories. Vol. 11. Detroit: St. James Press. pp. 64–66.
  4. Gilbert, Nathaniel (November 1, 1989). "The Company that Acquisition Built". Management Review. Vol. 78, no. 11. p. 19.
  5. "Mergers and Acquisitions". Computerworld. Vol. 20, no. 35. September 1, 1986. p. 94.
  6. Bertola, David (February 1, 2013). "CTG Buy European Health IT Company". Buffalo Business First.
  7. "Buffalo-based CTG buys SOFT Company of Paris". Buffalo Business First. February 15, 2018.
  8. "Cegeka to acquire CTG for $107m to boost North America and Europe offering". www.channelweb.co.uk. 2023-08-14. Retrieved 2023-08-14.
  9. "Briefs". Section D. The New York Times. March 25, 1983. p. 3.
  10. "Mergers & Acquisitions". Computerworld. Vol. 17, no. 33. August 15, 1983. p. 94.
  11. "Mergers and Acquisitions". Computerworld. Vol. 19, no. 16. April 22, 1985. p. 101.
  12. "Briefs". Section D. The New York Times. September 25, 1985. p. 5.
  13. "Mergers and Acquisitions". Computerworld. Vol. 20, no. 5. February 3, 1986. p. 100.
  14. "Mergers & Acquisitions". Computerworld. Vol. 22, no. 42. October 17, 1988. p. 117.
  15. Semich, J. William (June 15, 1992). "Computer Task Group Inc". Datamation. Vol. 38, no. 13. p. 149.
  16. "Computer Consultant Moving into Health Care Data". Section C. The New York Times. February 2, 1999. p. 4.
  17. Trumbull, Ty (January 3, 2019). "CTG Acquires Solutions Provider Tech-IT for $10.3 Million". ChannelE2E. Retrieved November 2, 2019.
  18. Searles, Jack (June 21, 1994). "Honeywell in $17-Million Deal for Profimatics". Business. Los Angeles Times. p. 9.

Official website

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