Bellevue, WA, June 19, 2014
People Tech Group, Inc. (PTG), here by announces that 75% ownership of CodeSmart has been acquired by People Tech Group, Inc. a global business and technology solutions consulting company.
“This was a key acquisition for People Tech Group as we continue to grow and expand. We truly want to continue the focus CodeSmart has built on serving public entities as well as their dedication to customer intimacy providing quality solutions to their clients”, said Vishwa Prasad, President and CEO of People Tech Group. “We intend to extend the brand and the good will associated with it into other markets and areas. CodeSmart, through its consultants, has done a great job building trust and confidence with their clients and we want to continue that process.”
On the other hand CodeSmart CEO also spoke on this occasion, saying;
“We are keenly excited to be a part of People Tech Group. Combining our two organizations provides CodeSmart with increased scale in offerings to existing clients as well as expansion into other geographic areas where People Tech Group already has a presence. This also provides greater opportunities for our consultants allowing them to continue to grow their careers”, said Chad Stoker, Founder, CEO and CTO of CodeSmart. “As we focused on our business planning and reviewed industry trends, we decided a merger with a well-run, high-end partner like People Tech Group would be the best solution to meet our clients’ and staff’s future needs”, Stoker added.
“This was a key acquisition for People Tech Group as we continue to grow and expand. We truly want to continue the focus CodeSmart has built on serving public entities as well as their dedication to customer intimacy providing quality solutions to their clients”, said Vishwa Prasad, President and CEO of People Tech Group. “We intend to extend the brand and the good will associated with it into other markets and areas. CodeSmart, through its consultants, has done a great job building trust and confidence with their clients and we want to continue that process.”
On the other hand CodeSmart CEO also spoke on this occasion, saying;
“We are keenly excited to be a part of People Tech Group. Combining our two organizations provides CodeSmart with increased scale in offerings to existing clients as well as expansion into other geographic areas where People Tech Group already has a presence. This also provides greater opportunities for our consultants allowing them to continue to grow their careers”, said Chad Stoker, Founder, CEO and CTO of CodeSmart. “As we focused on our business planning and reviewed industry trends, we decided a merger with a well-run, high-end partner like People Tech Group would be the best solution to meet our clients’ and staff’s future needs”, Stoker added.
CodeSmart will continue to operate under the CodeSmart brand. Mark W. Meyer will continue on as President and COO and remains an owner in partnership with People Tech Group. Chad Stoker will move into the CTO role for both companies and Hans Stoker will take on the role as a liaison between CodeSmart and People Tech Group to ensure a seamless transition.
