GFT buys consultancy Mylorr

Source: GFT Group

GFT Group, the European provider of innovative IT solutions, has today announced its deal to purchase the assets of Mylorr, specialist programme and project management consultancy.

Effective from the 1st November, GFT expects the integration to be completed before the end of 2007.

As part of the GFT Group strategy, GFT UK has strengthened its position in London through this assets purchase, which represents a coming together of two like-minded and complementary companies. Mylorr, a specialist programme and project management consultancy established in 2002, developed Premier, a proprietary methodology for effective project management, and established a solid client list which spans retail, financial services and government. GFT, a financial services specialist, combines the extensive technical knowledge and global business experience of its 1100 strong team, with an alternative approach to outsourcing.

Graham Underwood, Managing Director at GFT UK commented, "GFT and Mylorr are a close fit and we are delighted to acquire the substantial capabilities and experience of the Mylorr team, along with their varied client base. Strengthening our offering in London is consistent with our approach to outsourcing, which focuses on the 4Ps; project, people, place and only then price. We believe that first-rate people in London, meeting a project's needs, are as important to successful project delivery as offshore headline day rates".

Julian Mountain, founder of Mylorr, said "I am delighted that we are now part of the GFT Group. Mylorr has successfully carved out a niche for itself in the Programme and Project Management delivery area, with many blue chip clients. With GFT's excellent IT skills this now substantially enhances our offering to include the full IT development lifecycle. We also now have access to over 1100 highly skilled, permanent employees in locations across the globe, and are looking forward to making the most of thiis new asset".

Separately, Julian Mountain, founder of specialist consultancy, Mylorr, will be heading-up GFT UK's specialist programme and project management practice, following the assets purchase of Mylorr by GFT Group, one of Europe's leading suppliers of innovative IT solutions. The company expects the integration of Mylorr to be completed before the end of 2007.

Mylorr was the second company Julian founded, following his success with Harvard Consulting, which he sold in 2005. An electrical engineering graduate, Julian started his working life at Price Waterhouse in the 1980s, quickly became involved in the financial services sector and has never looked back. He went on to a spell at Arthur Andersens before starting up Havard Consulting. Mylorr was established in 2002 and has recently been the subject of an assets purchase by GFT UK.

Graham Underwood, Managing Director at GFT UK commented, "GFT UK and Mylorr are a close fit and we are delighted to secure the substantial capabilities and experience of Julian Mountain to spearhead specialist project management at GFT UK. This is a very exciting period of growth for the company and Julian will be applying his knowledge of his proprietary project management methodology, Premier, to GFT's clients. Needless to say, we are all very pleased to have him aboard."

Julian, a Ski Club of Great Britain guide, has an abiding passion for ski-ing, which he shares with Graham Underwood, who is a Snowsport England ski instructor.

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