Needham, Massachusetts-based business-to-business internet services firm Nervewire Inc said yesterday that it would merge with Boston-based management consultants, Northeast Consulting Resources Inc. David Mason, Northeast’s president, said the company had been searching for a partner possessing computer integration skills with a view to floating its shares via an initial public offering. The financial terms of the deal were not disclosed.
Nervewire, founded in September, targets traditional so-called bricks and mortar business, providing consulting and integration services towards helping them migrate to a web-based operating model. The company is backed by Thomas Cressey Equity Partners, which has sunk $60m into it. Its chief executive officer, Malcolm Frank, was formerly an executive at computer services company Cambridge Technology Partners Inc.
Northeast offers business consulting in areas including e- business, IT services and web hosting. The company’s roster of clients includes Nokia Oyj, Cisco Systems Inc, Sun Microsystems Inc and Tivoli Systems Inc. The new combination will have 60 staff. Nervewire’s Frank said the companies planned to merge soon with another company before shifting from acquisition mode to a recruitment drive.
