Corum Leads Acquisition of RIS by Sierra Systems



    BELLEVUE, Wash., Dec. 7 /CNW/ -- Corum Group Ltd. is pleased to announce
the acquisition of its client, RIS, Inc., a Calgary-based provider of
applications support maintenance services (ASM), by Sierra Systems, Inc., a
Vancouver-based provider of information technology and management consulting
services.
    "It's a natural extension of our vision for applications support and
maintenance, and our strategy for leadership in niche IT services," said Dr.
Peter Thompson, president, CEO and founder of RIS. "For our clients and our
team -- many of whom have been with us from day one -- it means even greater
resources, services and opportunities."
    "This synergistic acquisition was an exceptional fit for both companies,"
said Marshall Warwaruk, vice president of Corum Group. "This is a complete
lifecycle management transaction which produces virtually no overlap in
geographic or client coverage, and the services offerings were extremely
complementary."
    Golden Gate Capital, the San Francisco-based private equity investment
firm that took Sierra Systems private earlier this year, supported Sierra in
the acquisition.
    
    About RIS
    
    RIS is the Applications Support and Maintenance company. Since 1979, RIS
has been supporting, maintaining and enhancing mission-critical applications
for some of North America's largest and best run companies, reducing their
support costs by as much as 40 percent. RIS' proprietary tools, methodologies
and delivery models also allow clients to increase the productivity of their
existing applications, while freeing up internal resources to focus on more
strategic priorities. The Branham300 has named RIS one of the top Canadian IT
Professional Services Companies for seven consecutive years. For additional
information, visit http://www.risglobal.com.
    
    About Sierra Systems
    
    Since 1966, Sierra Systems Group Inc. has been enabling enterprise
success by delivering superior information technology and management
consulting solutions. Through our extensive experience in management
consulting, solutions delivery and managed services, Sierra Systems has
emerged as a trusted advisor to many leading private and public sector
organizations across North America. With offices in Austin, Calgary, Edmonton,
Fredericton, Halifax, Hartford, Los Angeles, Olympia, Ottawa, Seattle,
Toronto, Vancouver, Victoria and Winnipeg, our consultants are never far from
our clients. In justice, health, government and various other industries,
Sierra Systems continues to win exciting engagements in the face of stiff
competition. Visit us at http://www.SierraSystems.com.
    
    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 14 offices globally, Corum has completed over US $6 billion in
transactions in 15 countries in its over 20-year history, and publishes the
industry's most widely distributed M&A research. Corum's principals are highly
experienced former tech CEOs, who are supported by the industry's leading
researchers, writers and valuators. The company has spent more than US $20
million to build the world's largest buyer database to help ensure
unparalleled success in client engagements. For additional information, visit
http://www.corumgroup.com.




For further information:

For further information: Marshall Warwaruk of Corum Group Ltd., 
+1-480-342-9429, marshallw@corumgroup.com Web Site: http://www.corumgroup.com 
                http://www.risglobal.com                 
http://www.SierraSystems.com

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