User Technology Services Inc., (Usertech), of Norwalk, Connecticut, a wholly-owned subsidiary of Ceridian Corporation, has been acquired by Canterbury Consulting Group, Inc. of Medford, New Jersey. Bicknell Advisory Services, Inc. acted as financial advisor to the seller.
Established in 1979, Usertech assists Fortune 500 companies in implementing new information systems. The Company specializes in the development and delivery of customized employee training and support material. Recognizing that Usertech's consultative services varied from Ceridian's strategy of delivering transaction-based services, Ceridian sought an acquirer who would be able to maximize the value of Usertech's capabilities and culture. The marketing program designed by Bicknell Advisory highlighted to a select group of potential buyers the professionalism of Usertech's staff, the Company's unparalleled experience base and its outstanding client list.
The acquisition provides Usertech cross-selling opportunities with Canterbury's classroom training, business, its software and web development capabilities and its public sector services.