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CompTIA Acquires Struggling TechAmerica CEO Update

CompTIA Acquires Struggling TechAmerica CEO Update

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Published by elyssarae
CompTIA Acquires Struggling TechAmerica CEO Update
CompTIA Acquires Struggling TechAmerica CEO Update

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Published by: elyssarae on May 06, 2014
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ThibodeauxOsborne
Home » News » CompTIA acquires struggling TechAmerica
NEWS
CompTIA acquires struggling TechAmerica
Seven of 31 former TechAmerica employees lose their jobs, including CEO ShawnOsborne
May 5, 2014By Lori SharnCompTIA expanded its staff and its reach into the technology sphere all at once,when it acquired TechAmerica and its brands and assets—along with anyliabilities. The move was approved by boards of both organizations Friday, May2, and announced to the public Monday, May 5.Twenty-four of TechAmerica’s employees will now work for the much larger CompTIA, which is headquartered in the Chicago area. They won’t need tomove, however, as CompTIA plans to keep TechAmerica’s office space in Arlington, Va.CompTIA CEO Todd Thibodeaux told CEO Update his board had been lookingfor partnership opportunities for at least three years to expand the breadth of theorganization. CompTIA focuses on education and certification, as well as small-and medium-sized businesses. Members of TechAmerica include very largecompanies, and the group has much more experience with public sector contracting and procurement issues.“Bringing in the public sector, bringing in the commercial and enterprise parts of IT, allowed us to be amuch more comprehensive representative for the IT industry,” Thibodeaux said. A new tagline, “The ICT Industry Trade Association,” will be added to CompTIA’s name. The organizationwill continue to use the TechAmerica brand for its public advocacy. One member from TechAmerica’sboard will join the CompTIA board.CompTIA is going from 165 employees and about $50 million in revenue to nearly 200 employees andup to $53 million in revenue, Thibodeaux said.TechAmerica CEO Shawn Osborne, who is now out of a job, said he and the board had been looking atopportunities to put together a trade group with a stronger voice in fragmented technology associationlandscape. CompTIA was the board’s first choice. “From a membership and a service standpoint, it wasvery complementary,” he said.TechAmerica was created by a merger in 2009, when the Information Technology Association of Americacame together with the American Electronics Association. Revenue reached a high of $15 million thatyear, compared with $10.5 million and 79 employees, according to CEO Update’s database partner  Association Intelligence.
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CompTIA acquires struggling TechAmerica | CEO Updatehttps://www.ceoupdate.com/articles/news/comptia-acquires-stru...1 of 25/6/14 2:41 PM

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