Skokie IT firm buys Paragon Solutions

SKOKIE -- Forsythe Solutions Group Inc., a 38-year old North American IT infrastructure firm and a subsidiary of Forsythe Technology Inc., said Tuesday it has acquired Denver-based Paragon Solutions Group Inc., a provider of IBM server and storage solutions and IBM Premier Business Partner. Terms were not disclosed.

As an IT infrastructure integrator, Forsythe takes care of its clients' infrastructure solution needs. This acquisition enhances Forsythe's ability to provide IBM server and storage products and services.

This transaction is Forsythe's 6th major acquisition in the last nine years.

In 2008, Forsythe acquired the assets of More Group Inc., a data storage management integrator in Massachusetts. Previous acquisitions include St. Paul, Minn.-based Information Security Technology, a security solutions provider, in 2007; Atlanta-based National Business Group Inc., a networking integration of security solutions provider in 2004; the security and consulting services assets and contracts of Telenisus, a Chicago-based Internet security company in 2002; and Denver-based Enterprise Computing Inc. in 2001.

"Paragon's IT infrastructure and migration expertise, service delivery methodology and technical depth provide its clients with solutions to increase profitability, productivity and efficiency. These capabilities, coupled with Paragon's focus on long-term client relationships align well with the Forsythe culture," Bill Brennan, president and CEO of Forsythe, said in a statement. "As one of the fastest growing and most respected partners within the IBM community, Paragon brings us a team that will strengthen our IBM server and storage offerings and our IBM services delivery capability, thus enhancing our ability to deliver cost optimization solutions to our valued clients."

With 2008 revenues of $52 million and more than 20 employees, Paragon was founded by president and CEO Haydn Hirstine in 2003.