CEO Foundry

IN PRESS

Skolix | A CEO Foundry Business

DALLAS, November 4, 2015 /PRNews/ -- CEO Foundry, LLC., a national provider of Management consulting & Information Technology services, announced today that it has entered into a definitive asset purchase agreement to acquire Skolix, a Plano, TX based, Global IT staffing business. The transaction is expected to close in the first quarter of 2016.

The financial terms were not disclosed. The cash purchase price will be paid with a combination of cash balances on hand and borrowings under the Company's existing credit facility. Mastech expects the transaction to be immediately accretive to earnings.

Commenting on the planned acquisition, Venky Vadlamani, CEO Foundry's Chief Executive Officer, stated, "I'm extremely excited about this opportunity, which will materially increase our scale and enhance our abilities to service our collective clients. As I have mentioned on numerous occasions, a selective acquisition is an important component of our long-term growth strategy. With its impressive list of Fortune 500 clients, domestic recruitment focus and adept management talent, Skolix's U.S. IT Staffing business is a compelling fit for CEO Foundry, and I believe it will serve to strengthen our overall business model."

Walker & Associates acted as Company's financial advisor on the transaction and Law Offices of Kevan I. Benkowitz, and Ahluwalia Law Offices as its legal advisor.

About CEO Foundry LLC.:
Leveraging over a decade of Operations Strategies & IT experience, CEO Foundry provides Management Consulting & Information Technology services in the disciplines which drive today's business operations. More information about CEO Foundry can be found at CEO Foundry's website: www.CEOFoundry.com.

Emvia Inc | A CEO Foundry Business

DALLAS, December 9, 2015 /PRNews/ -- CEO Foundry, LLC., a national provider of Management consulting & Information Technology services, announced today that it has entered into a definitive asset purchase agreement to acquire Emvia Inc, a Plano, TX based, provider of comprehensive product development services to both emerging and established companies. The transaction is expected to close in the first quarter of 2016.

Commenting on the planned acquisition, Venky Vadlamani, CEO Foundry's Chief Executive Officer, stated, "I'm extremely excited about this opportunity, which will materially increase our scale and extend out reach into retail space. As I have mentioned on numerous occasions, a selective acquisition is an important component of our long-term growth strategy. With its impressive list of enterprise clients in retail and publications space, technology agnostic approach and adept management talent, Emvia's U.S. IT business is a compelling fit for CEO Foundry, and I believe it will serve to strengthen our overall business model."

Walker & Associates acted as Company's financial advisor on the transaction and Law Offices of Kevan I. Benkowitz, and Ahluwalia Law Offices as its legal advisor.