FOR IMMEDIATE RELEASE
Corum Leads the Sale of RL Phillips to TechTeam Government Solutions
Enhancing TechTeam Government Solutions' Comprehensive Lifecycle Support Capabilities
BELLEVUE, Wash., September 19, 2007 Corum Group Ltd., the global leader in merger and acquisition services to software and information technology companies worldwide, is pleased to announce the acquisition of its client, RL Phillips, Inc., a Calif.-based provider of information technology, network engineering and information assurance services to both commercial and government organizations, by TechTeam Government Solutions, Inc., a Va.-based provider of information technology and consulting services to federal, state and local markets and a wholly-owned subsidiary of TechTeam Global, Inc. (Nasdaq: TEAM).
We are excited to be a part of TechTeam Government Solutions, Jim Pietrocini, CEO of RL Phillips said. This is a win-win proposition as we become part of a global corporation capable of providing enhanced services for our customers and opportunities for our employees.
About RL Phillips
RL Phillips provides information technology, network engineering and information assurance services to both commercial and government organizations. Our core competencies include network and application management, IT security solutions and web services. RL Phillips delivers a best-practices approach to design, management and optimization of IT initiatives. For additional information, visit www.rlphillips.com.
About TechTeam Global
TechTeam Government Solutions, Inc., a wholly-owned subsidiary of TechTeam Global, Inc., is based in Chantilly, Va. The company collaborates with federal, state and local governments to provide comprehensive IT lifecycle support in the areas of infrastructure, information assurance, managed services and application services. For information about TechTeam Government Solutions, Inc., visit www.techteam.com/governmentsolutions.
About Corum Group
Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide. With 11 offices globally, Corum has completed over US $6 billion in transactions in 15 countries in its over 20-year history, and publishes the industrys most widely distributed M&A research. Corums principals are highly experienced former tech CEOs, who are supported by the industrys leading researchers, writers and valuators. The company has spent more than US $20 million to build the worlds largest buyer database to help ensure unparalleled success in client engagements. For additional information, visit www.corumgroup.com.
###