TMCNet:  TUV Rheinland Acquires OpenSky Corporation, Expands IT Infrastructure, Security Services in US

[January 09, 2014]

TUV Rheinland Acquires OpenSky Corporation, Expands IT Infrastructure, Security Services in US

(Marketwire Via Acquire Media NewsEdge) BOXBOROUGH, MA and COLOGNE, GERMANY -- (Marketwired) -- 01/09/14 -- TÜV Rheinland has acquired OpenSky Corporation, a provider of information technology (IT) consulting services. Merging OpenSky into TÜV Rheinland will allow both companies to draw on each other's strengths, combine services and expertise for the benefit of their customers and advance their positions in the IT market. OpenSky will continue to operate as a separate business unit, with the executive and management team staying in place under the leadership of current President and CEO, Roger Levasseur.


Based in Tolland, Connecticut, OpenSky helps large enterprises streamline IT infrastructures, protect information assets and accelerate the adoption of strategic technologies. OpenSky is an independent IT consulting firm focused on Transformational IT Infrastructure, Security and Compliance. The company's extensive technology expertise, combined with deep industry experience, allowed it to successfully deliver over 750 projects to Fortune 500 companies.  CEO of TÜV Rheinland, Dr. Manfred Bayerlein, stated: "For TÜV Rheinland, this is an important step into the world's biggest IT market. The merger with OpenSky will allow us to grow our services globally and support our international customers in the US. Our customers often have a holistic demand for IT infrastructure and cyber security services, and we can fulfill this demand as we are now one of the leading, independent IT providers of services."  According to TÜV Rheinland, the US is the largest market for IT and IT security solutions, ahead of Europe, Asia, the Middle East and Latin America. Analysts predict that by 2023, the US will be investing over $90 billion in cyber security. Synergy between OpenSky's IT services and TÜV Rheinland's testing and certification services in the energy, medical devices and smart grid industries, to name a few, will offer an integrated portfolio of services and expertise to their clients. With the current acquisition of OpenSky and the recent acquisition of Secaron in Germany, TÜV Rheinland has more than doubled its capacity and revenue in the IT security and infrastructure space, to 270 employees and over $60 million. The partnership with OpenSky will enable TÜV Rheinland's customers to quickly pick up on key IT security trends and innovations and implement them in a timely manner.

"In the past, companies used to focus on implementing IT measures and controlling the infrastructures themselves; today, the focus has shifted to managing virtual worlds. TÜV Rheinland already assists a wide range of large and medium sized enterprises with their IT solutions," said Gerhard Luebken, Chief Regional Officer TÜV Rheinland in North America. "With OpenSky expertise, experience, and reach, we will be able to develop additional markets in other regions and eventually provide broader solutions to our existing client base." "OpenSky chose to work with TÜV Rheinland based on our ability to continuously deliver on our core strengths, including focus on the customer, vendor independence, and high-quality solutions," said Roger Levasseur, President and CEO of OpenSky. "Additionally, we are excited about building our expanded capability to serve our global US clients wherever they exist. We believe that these values and approach are important to companies today as they face greater challenges in IT optimization and security." OpenSky's IT services will become an integral part of TÜV Rheinland's extensive portfolio, allowing the company to further strengthen the leading third party certifier's IT Information Services. As an impartial, independent service provider for over 140 years, TÜV Rheinland combines competence in information security with in-depth expertise in the testing and certification industry, operating technical safety services for people and the environment in 65 countries.

For additional information about TÜV Rheinland, visit www.tuv.com/us. To learn more about OpenSky, go to www.openskycorp.com.

About OpenSky Corporation OpenSky Corporation provides information technology expertise to help corporations reduce IT costs, protect information assets and accelerate the adoption of strategic technologies. It specializes in Transformational IT Infrastructure, Security and Compliance consulting. OpenSky is distinguished from others by extensive technology expertise combined with deep industry experience. The company maintains a business-centric perspective and believes that aligning premier technology partnerships with vendor-neutrality are critical and ensure the best solutions for clients. OpenSky has successfully delivered over 750 projects to Fortune 500 companies. Proven methodologies ensure a focused, consistent, project-based approach on every engagement.

OpenSky is listed on the prestigious 2012 Inc. 500, holds multiple awards for growth from CRN and Tech Top 40, is winner of numerous Top Workplace awards, and is listed on 2013 Tech Elite 250. For more information on OpenSky, please visit www.openskycorp.com.

 About TÜV Rheinland Founded in 1872, TÜV Rheinland is a global leader in independent testing, inspection, and certification services, ensuring quality and safety for people, the environment and technology in nearly all aspects of life. The company maintains a presence in 500 locations spanning 65 countries, employs 17,500 people and has annual revenues of $2 billion (EUR1.5 billion). TÜV Rheinland inspects technical equipment, products and services, oversees projects and helps to shape processes for a wide variety of companies through its worldwide network of approved labs, testing facilities and education centers. Since 2006, the company has been a member of the United Nations Global Compact to promote sustainability and combat corruption. For more information, visit www.tuv.com/us.

PRESS CONTACTS:Yuliya Kutuzava Charles WintrubCatalyst Marketing Communications, Inc. (203) 348-7541Hope MascottMarketing Programs ManagerTUV Rheinland North America(978) 266-9500Michelle White OpenSky Corporation mwhite@openskycorp.com Source: TÜV Rheinland and OpenSky Corporation

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