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Pilat HR Solutions Acquires ITCOM Information Systems
[August 15, 2011]

Pilat HR Solutions Acquires ITCOM Information Systems

(Market Wire Via Acquire Media NewsEdge) WHITEHOUSE STATION, NJ -- (MARKET WIRE) -- 08/15/11 -- Pilat HR Solutions, a premier provider of human capital management technology and professional services, today announced the acquisition of ITCOM Information Systems, Ltd., an Israel-based Information Systems consulting, accompaniment and implementation company. With this acquisition, the global management consulting firm expands its extensive human capital management (HCM) offerings to provide employers with cutting-edge customer relationship management (CRM) and business intelligence (BI) solutions and expertise.

Experts in defining Information Systems strategies, ITCOM works with customers to provide end-to-end consulting, accompaniment and implementation information systems services globally. With specialization in enterprise resource planning (ERP), customer relationship management, business process outsourcing (BPO) and business intelligence, ITCOM helps clients reach overarching business goals using quality data and metrics.

"The most successful companies employ sophisticated datasets to analyze issues, identify cause and effects, validate processes, and benchmark performance. Pilat has been passionately working with organizations to measure people, processes, culture, cause and effect, and resources and risk exposures, enhancing the quality of their business data and its use to meet business demands," commented Clinton Wingrove, executive vice president and principal consultant, Pilat HR Solutions. "With the strategic acquisition of leading CRM and BI solutions provider, ITCOM, our customers will be further enabled with the necessary intelligence to make well-informed and defensible decisions." Pilat HR Solutions' client-specific software solutions are delivered via in-house and SaaS models using the company's HR Pulse Application Development Platform. HR Pulse uniquely offers an open migration path to legacy HCM systems and allows clients to make changes that address their fluctuating business requirements. With this acquisition, Pilat strengthens its commitment to providing customers world-wide with streamlined systems and actionable data.

This announcement follows recent news detailing Pilat HR Solutions' slate of new investors and appointments. Positioning the company for international expansion, Pilat HR Solutions continues to identify opportunities for the acquisition of new clients globally, as well as other companies with synergistic solutions. Deepening the company's sales and marketing functions, the company also plans to expand their solutions portfolio through additional R&D.

More About Pilat HR SolutionsPilat HR Solutions is a human capital management technology and professional services company. For over 35 years, Pilat has been partnering with clients to drive significant and sustainable performance improvement and realize the true potential of human capital. Top analysts recognize Pilat as industry thought leaders, providing custom solutions that offer long-term results for clients: Performance Management, Talent Management, Organizational Development, Reward and Compensation, Development Management, and Business and HR Metrics. Pilat also supplies a range of standard products and professional services; all are designed and built using Pilat's robust methodology to deliver strategic human capital solutions.

Pilat HR Solutions is a wholly-owned subsidiary of Pilat Technologies International Limited with offices in the U.S., U.K., and Israel. Pilat Technologies' shares are traded on the Tel Aviv Stock Exchange under the symbol PILT.

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