The Lloyd Group, Inc., announced today that it has completed the acquisition of New York-based Redstone Information Technology, LLC. The acquisition accelerates Lloyd's growth strategy by adding a strong portfolio of clients and industry talent committed to providing best-in-class IT outsourcing and cloud computing services. The agreement marks the organization's third acquisition since 2002.
Like Lloyd, Redstone Information Technology, LLC provides managed IT and consulting services to clients throughout the Northeast region, specializing in support for small and mid-sized organizations. With the acquisition, Redstone Information Technology, LLC assets have been renamed The Lloyd Group, Inc.
Adam Eiseman, CEO of Lloyd said "Redstone's total commitment to extraordinary service delivery has created a natural fit for our two companies. Together, we will build superior experiences that evolve the IT ecosystem for the benefit of our clients, partners and greater community." With Redstone comes a new practice area for Lloyd in life sciences, specifically biotech and pharmaceuticals, and a deep expertise in the associated FDA, HIPAA and 21 CFR Part 11 regulations.
Please note that there will be no change to procedures or services delivered to Lloyd clients.
You can read the full press release here.