NewSpring Capital Leads Mezzanine Investment in Emtec, Inc.

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Emtec, Inc., based in New Jersey, provides IT solutions such as consulting, applications, cloud and infrastructure services. Emtec's customers are primarily large business organizations, local school districts, departments of federal, state and local governments within the U.S. and Canada, and other large and mid-sized companies throughout the U.S. and Canada. Emerging Solutions LLC ("Emerging") is an IT consulting company, based in Chicago, IL, that focuses on enterprise performance management and has broad capabilities and deep technical expertise in market-leading technologies (e.g., Oracle, Hyperion, PeopleSoft, Microsoft, and Salesforce.com) as well as expertise in business process management. This acquisition significantly enhances Emtec's portfolio of services, commercial client base, and talent pool while strengthening Emtec's position in the Midwest region of the U.S.

Greg Chandler, Chief Financial Officer of Emtec, stated, "We are very happy to have found a partner who will be able to grow with us as we continue our expansion across the U.S and globally. We were impressed with the speed and diligence of NewSpring and are looking forward to their financial and strategic advice as we move into 2012."

News Source : NewSpring Capital Leads Mezzanine Investment in Emtec, Inc.