COLUMBIA, Md., Oct. 7, 2016 /PRNewswire/ -- Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has completed its previously announced acquisition of Maverick Solutions, a leading provider of Enterprise Resource Planning (ERP) product training services. Maverick will operate as part of GP Strategies' Performance Readiness Solutions segment effective as of October 1, 2016.
Headquartered in Wake Forest, North Carolina since 1999, Maverick Solutions offers training for both on-premise and Cloud-based Oracle ERP and Business Intelligence systems. It is a Platinum Partner with Oracle, providing support throughout the product lifecycle, specializing in both project-team training and end-user adoption services. This acquisition will extend GP Strategies' ability to deliver ERP systems training and user adoption services to its healthcare customer base and expand into the higher education sector. Maverick Solutions had approximately $8 million of revenue in their most recent fiscal year ended December 31, 2015.
Deborah Ung, Senior Vice President of GP Strategies' Performance Readiness Solutions segment, stated, "I am thrilled to have Maverick Solutions join our team at GP Strategies. As a platinum partner with Oracle, this acquisition expands our reach into that market as well as introduces ERP project team training to our client base. Additionally, Maverick's extensive experience in the healthcare and higher education industries will give us further depth in markets we have identified as growth areas."
Additional information may be found at www.mavericksolutions.net.
About GP Strategies
GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies' solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.
We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
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SOURCE GP Strategies Corporation