Computer Task Group

Computer Task Group, Incorporated
Public
Traded as NASDAQ: CTG
Industry
Founded 1966
Headquarters Buffalo, New York, United States
Key people
  • Dr. Clifford B. Bleustein (CEO)
  • Brendan M. Harrington (CFO)[1]
Revenue Decrease US$ 369.5 million[2] (2015)
Decrease US$ 10.6 million[2] (2015)
Profit Decrease US$ 6.5 million[2] (2015)
Total assets Decrease US$ 163.1 million[2] (2015)
Total equity Increase US$ 117.7 million[2] (2015)
Number of employees
 3,600[2] (2015)
Website ctg.com

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

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's acquired etrinity N.V., a healthcare IT solutions company in Belgium.[6]

Acquisitions

  • Diversified Systems Inc. (1983)[7]
  • Automated Business Systems, Inc. (1983)[8]
  • Berger, Vernay & Co. (1985)[9]
  • Delta Force Inc. (1985)[10]
  • Documentation Resources, Inc. (1986)[11]
  • Shubrooks International, Ltd. (1986)[5]
  • Applied Management Systems, Inc. (1988)[12]
  • Connolly Data Systems Inc. (1990)[13]
  • Telecommunications Management Consultants (1990)[13]
  • Rendeck International N.V. (1990)[13]
  • Elumen Solutions Inc. (1999)[14]
  • etrinity N.V. (2013)[6]

Divestitures

Services

CTG develops IT solutions to address the business needs of 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) and Western Europe (Belgium, Luxembourg and United Kingdom).[2] It counts about 350 clients; its largest clients are IBM and SDI International. As of December 2015, the company employs approximately 3,600 people worldwide, with 2,700 in the United States and Canada and 700 in Europe.

In 2015, the company operated 13 subsidiaries:

  • Computer Task Group of Delaware, Inc.
  • CTG of Buffalo, Inc.
  • Computer Task Group (Holdings) Ltd.
  • Computer Task Group of Kansas, Inc.
  • Computer Task Group of Canada, Inc.
  • Computer Task Group International, Inc.
  • Computer Task Group Europe B.V.
  • Computer Task Group (U.K.) Ltd.
  • Computer Task Group Belgium N.V.
  • CTG ITS S.A.
  • Computer Task Group of Luxembourg PSF
  • Computer Task Group IT Solutions, S.A.
  • e-trinity N.V.

References

  1. ↑ "CTG Profile Computer Task Group, Incorporat Stock". finance.yahoo.com. Yahoo! Finance. Retrieved 12 April 2016.
  2. 1 2 3 4 5 6 7 "Annual Report". CTG. February 23, 2016. Retrieved March 12, 2016.
  3. ↑ Kepos, Paula (1995). "CTG, Inc.". International Directory of Company Histories. 11. Detroit: St. James Press. pp. 64–66.
  4. ↑ Gilbert, Nathaniel (November 1, 1989). "The Company that Acquisition Built". Management Review. 78 (11). p. 19.
  5. 1 2 "Mergers and Acquisitions". Computerworld. 20 (35). September 1, 1986. p. 94.
  6. 1 2 Bertola, David (February 1, 2013). "CTG Buy European Health IT Company". Buffalo Business First.
  7. ↑ "Briefs". Section D. The New York Times. March 25, 1983. p. 3.
  8. ↑ "Mergers & Acquisitions". Computerworld. 17 (33). August 15, 1983. p. 94.
  9. ↑ "Mergers and Acquisitions". Computerworld. 19 (16). April 22, 1985. p. 101.
  10. ↑ "Briefs". Section D. The New York Times. September 25, 1985. p. 5.
  11. ↑ "Mergers and Acquisitions". Computerworld. 20 (5). February 3, 1986. p. 100.
  12. ↑ "Mergers & Acquisitions". Computerworld. 22 (42). October 17, 1988. p. 117.
  13. 1 2 3 Semich, J. William (June 15, 1992). "Computer Task Group Inc.". Datamation. 38 (13). p. 149.
  14. ↑ "Computer Consultant Moving into Health Care Data". Section C. The New York Times. February 2, 1999. p. 4.
  15. ↑ Searles, Jack (June 21, 1994). "Honeywell in $17-Million Deal for Profimatics". Business. Los Angeles Times. p. 9.

External links

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