by Ann Withanee — November 5, 2010—Rand Worldwide, Inc., a global leader in providing technology solutions to organizations with engineering design and information technology requirements, and Avatech Solutions, Inc., one of America’s leading professional services companies for design and engineering technologies, have announced the companies have been combined through a reverse merger.
The combined company intends to change its name to Rand Worldwide, Inc., and will seek a new OTC Bulletin Board symbol.
“With little geographic overlap between the businesses today, the combination of Rand Worldwide and Avatech allows us to leverage the full range of selling and technical resources of each of the companies to enhance the service delivered to our clients,” commented Marc Dulude, CEO of the new company. “We believe that clients in all of the geographies we serve will reap the benefits of the very deep bench of technical service capabilities that will result from combining the two companies. Also, the ability to deliver the additional products and solutions that each company has to its respective customer bases represents an attractive cross selling opportunity.”
For more information visit the Rand Web site.
