Nouveon bought by Chinese company for $5.5M
Published: July 12, 2011
Time posted: 5:27 pm
Tags: HiSoft Technology International Ltd., Nouveon Technology Partners, T.J. Eberle
Nouveon Technology Partners is being bought by a Chinese company for $5.5 million, the companies announced today.
Dalian, China-based HiSoft Technology International Ltd. plans to provide further compensation in its purchase of the Charlotte-based technology-consulting company, but the yet-to-be-determined amount will be based on Nouveon’s performance over the next two years.
T.J. Eberle founded Nouveon in 2003. The company has offices in Raleigh and consultants in Philadelphia, Baltimore and Minneapolis.
Eberle, the company’s president, and ”key members of the existing Nouveon management team” will remain with Nouveon after the acquisition, according to a press release.
“We believe Nouveon’s value-driven services and tailored solutions, combined with their strong domain expertise in financial services, will greatly benefit HiSoft and our global client base,” HiSoft CEO Tiak Koon Loh said in the release.
“Their highly skilled consultants have an excellent quality-to-cost track record, delivering high-value consulting services and solutions to clients across the United States. This acquisition exemplifies our strategy to strengthen our higher value-added service offerings as we look to further serve the growing needs of our customers.”