CTG Acquires French Testing Company StarDust - Seite 2

Gydé continued, “Important contributors to CTG’s growth strategy include increasing our share of the testing market in Europe as well as strengthening our presence in the North American market, where we recently commenced our first testing engagement. We recently appointed a global director of testing, Pieter Vanhaecke, to lead this effort. As part of the StarDust integration, we will utilize our Testing Delivery Center in France to further improve the efficiency of our sales and delivery efforts across the organization.”

Following today’s closing, StarDust’s founders and management team will remain with CTG to ensure continuity of client service. They will also work closely with the management teams in both Europe and North America to seamlessly integrate the business into CTG’s operations.

“This important step in StarDust’s history opens up many new opportunities for our company and its employees, our crowd of testers, and our customers. Our hybrid testing approach that includes in-lab, on-site, and crowdtesting, combined with CTG’s Testing Solutions vision, offer so many exciting possibilities for expanding the business,” said Delphine Guyot–Giler, StarDust CEO, Canada, and Co-founder.

“I am excited about the opportunity to work with the CTG team to deploy our services at a group level to many more industries and markets,” said François Joseph Viallon, StarDust CEO, France, and Co-founder.

The all-cash transaction is valued at approximately $4.85 million, not including net cash at closing and potential future earn outs, for StarDust’s estimated $7 million in annualized revenue.  CTG funded the purchase price through a drawdown of capital from the Company’s revolving credit facility.

“StarDust marks our third acquisition that expands and strengthens the services we provide to our clients. Going forward, small acquisitions that offer deeper penetration of new or existing markets in North America and Europe will continue to be part of CTG’s broader growth strategy,” Gydé concluded.

About CTG
CTG has established a reputation for responsiveness and reliability—traits that our clients say set us apart—since our founding in 1966. Today, we provide comprehensive information, technology, and business solutions that address critical challenges for clients in high-growth industries in North America and Western Europe. Backed by a proven track record of reliable delivery, CTG fosters long-term client relationships and trust, which allows us to develop strategic insights that maximize client investments and competitive advantage. CTG has operations in North America, Western Europe, and India. The Company regularly posts news and other important information online at www.ctg.com.