PTS Consulting Group, Chelsea Technologies Form Global Alliance to Offer Technology Consulting and Managed Services to Financial Industry

London and New York - 21 November 2011

Partnership Provides Financial Services Firms with a Seamless, One-Stop Solution for Technology Consulting and Managed Services on a Global Basis

PTS Consulting Group (PTS), a leading international IT consultancy and project management company; and Chelsea Technologies, a provider of high-end IT design, implementation, hosting and support services to the financial industry, today announced the formation of a global alliance to provide the financial services industry with a seamless, one-stop solution for technology consulting and managed services.

The new partnership addresses growing demand in the financial industry for a global solution for managed IT and consultancy service. Strategically, the deal marks a milestone in the delivery of a global 24x7x365 support model to financial clients with offices in multiple international locations.

PTS is a world class provider of IT consultancy, managed services and resourcing solutions. Recognized as the global leader in IT Relocation and Data Centre projects, PTS has delivered over 4,500 engagements across the Americas, EMEA and Asia‐Pacific.

With more than 20 years of providing innovative technology solutions to financial services firms, Chelsea Technologies delivers the complete suite of technology design, implementation, hosting and support services to clients globally.

“The establishment of PTS Chelsea Inc. is a significant move for the industry, after working in partnership for many years this formal collaboration will allow us to become the first truly global ITMS provider, focused on supporting Small and Medium-sized Enterprises (SMEs) with offices in more than one country. Implementing our ITMS ‘follow-the-sun’ support model will strengthen our global footprint and leverage our operational capabilities in order to provide affordable specialist IT services from the West Coast of the US through to Australia” said Kevin Perrett, CEO at PTS Consulting Group.

”Our relationship with PTS will leverage benefits from all angles. By bringing together Chelsea’s 21 years of best practice and PTS’ global reach, our clients will be on the leading edge of technological innovation while receiving reliable, consistent and superior services around the globe,” said Meyer Ben‐Reuven, CEO at Chelsea Technologies. “Both Chelsea and PTS share the same philosophy and vision, putting our human capital at the heart of our companies. By endorsing this partnership, we can capitalize on our knowledge and experience to provide scalable, flexible services for regional and global clients.”

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