文章基本信息

标题：Keane to buy Metro Information Services for 0.43 times revenue
期刊名称：Weekly Corporate Growth Report
出版年度：2001
卷号：Oct 15, 2001
出版社：N V S T.com, Inc.

Keane to buy Metro Information Services for 0.43 times revenue

Featured Transaction

The Deal: Metro Information Services Inc. has agreed to purchase Keane Inc. for $135 million in stock. The acquisition is a move by Keane to boost its customer base by nearly 40 percent. After news of the transaction was announced, shares of Metro gained 10 cents to $3.70, and Keane shares rose 46 cents to close at $18.46.

Discussion: Metro Information Services provides clients with custom software development and information technology consulting services. Other services include application maintenance, IT architecture design and engineering, project outsourcing and training. The company, which has more than 35 offices throughout the United States, serves businesses primarily in technology, financial services, communications, manufacturing and distribution.

Keane leveraged its expertise in year 2000 remediation into contracts for supply chain management software development, system design and implementation and application integration. After shedding its lower margin staffing business and help desk units, the company is focusing on business consulting and application development outsourcing