Citigate Hudson Acquires Progressive Systems Consulting

New York City, January 12, 2005 -- Citigate Hudson, a provider of business intelligence and custom database systems with a special focus in financial services, has acquired Progressive Systems Consulting, a firm specializing in custom software solutions.

With the acquisition, Andrew Brust, Progressive’s founder and chief executive, has joined Citigate Hudson in the position of Chief, New Technology. As a Microsoft Regional Director for New York and New Jersey, Brust is one of 146 worldwide independent developers, including 43 in the U.S., recognized as experts in emerging Microsoft .NET technologies. Brust also is a Vice Chairman of the New York Software Industry Association (NYSIA) Board of Directors, a recognized leader of the .NET development community, and a co-founder and co-moderator of the New York City .NET Developer’s Group.

In his position Brust is promoting innovative technologies to the information technology industry and taking a key role in designing custom solutions for existing and prospective Citigate Hudson clients.

"This acquisition enhances Citigate Hudson’s breadth of experience and the advanced technical knowledge necessary to deliver quality custom software solutions quickly and cost effectively," said Dave Mittereder, president of Citigate Hudson. "The acquisition also builds on Citigate Hudson’s already strong foundation in Microsoft technologies, particularly .NET and SQL Server, including Analysis Services. The combined skills of our professionals and Andrew Brust and his team will create a tremendous opportunity for growth and improve our ability to deliver quality solutions for our clients."

"I look forward to helping Citigate Hudson further its reputation as a services provider that implements high-performance, scalable software solutions," said Andrew Brust, Citigate Hudson’s chief, new technology. "By extending Citigate Hudson’s staff, client base and technical expertise, this acquisition helps to position the company to realize significant growth in the months ahead."

A solid foundation for Citigate Hudson’s projected growth is the company’s broad portfolio of past and current clients that include ABN AMRO, Bank of America, Bear Stearns, Credit Suisse, the National Football League, Prudential Financial, and TV Guide. Additionally, through webcasts, media interviews and published articles, Citigate Hudson has been actively promoting a new generation of solutions, known as Pervasive Business Intelligence, which helps organizations become more efficient by providing analytical tools to employees at every level of the enterprise.

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