Woodbridge International Closes Sale of iTech US to SharedLabs

NEW HAVEN, Conn., Sept. 25, 2017 (GLOBE NEWSWIRE) -- Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, iTech US, Inc. and its wholly owned subsidiary SmartWorks, LLC (“the Company”) by SharedLabs, Inc.

Founded in 2001, iTech is headquartered in South Burlington, Vermont and provides IT consulting services with technological expertise across the full IT life cycle. Its wholly owned subsidiary, SmartWorks, is a software consulting and services company that specializes in hiring and mentoring IT professionals in emerging technologies. The Company’s founder and CEO, Kishore Khandavalli, will assume a board-level role with SharedLabs.

SharedLabs is a rapidly growing IT company that supports, manages, repairs, or improves software, applications and ecommerce systems, which drive today’s digital world. SharedLabs is headquartered in Jacksonville, Florida with additional offices in Santa Clara, California, Dallas, Texas, NY Metro, Montreal Canada, and Reston, Virginia.

Headquartered in New Haven, CT, Woodbridge International, a global M&A firm, was founded in 1993 and has 30 offices worldwide.

Larry Reinharz, Managing Director
Phone: (203) 389-8400 Ext. 209

Source:Woodbridge International