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Houston IT Services Provider MyITgroup Acquired

Houston, Texas-based MyITgroup, a IT services provider focused on SAP applications, has been acquired by Visionary Integration Professionals. Folsom, California-based Visionary Integration Professionals said that the acquisition will create a company with combined revenues of more than $150M and a staff of over 800. MyITgroup had 400 employees, and revenues of $62M in 2006. Financial terms of the acquisition were not disclosed. MyITgroup also has a subsidiary in Bangalore, India. MyITgroup was advised by DecisionPoint International in the deal.