Brian Bonar Leads ITEC With PEO Acquisition Strategy

Posted in Uncategorized on Aug 18, 2015

There’s a battle going on in business that never ends. The fight is for market share and the acquisition of new customers. New customers are the lifeblood that sustains all companies. They need constant supplies of new clients to keep their revenues growing and their financial outlooks healthy. There are only so many ways to get these new customers. All methods have been tried and a few of them have proven very successful. One method, in particular, that remains popular with company managers is the acquisition.

Acquiring another company represents a quick and clean way to pick up that company’s assets. That includes any pertinent infrastructure, key personnel, and the company’s customer base. The acquiring company also has the added advantage of reducing expenses and consolidating operations for additional profitability. All it takes is capital and a cohesive strategy for when the acquisitions take place. One company that has been doing a great job using this strategy recently is Imaging Technologies, which trades over the counter as ITEC. The company, led by seasoned CEO Brian Bonar, has made a number of moves in the professional employer organization (PEO) vertical that has industry leaders taking notice.

Bonar is orchestrating a plan that he feels will take ITEC to the next level. The company has been able to add over $40 million to its revenue projections for this year with the recent acquisition of SourceOne Group. That could just be the tip of the iceberg if Bonar has his way. The company is planning on taking on many more such acquisitions if they make good sense. The plan is to build a robust sales force that is capable of selling all the products in the ITEC portfolio. The company offers a wide range of services to small and medium-sized businesses. The PEO sector adds many new customers who need managed services across the broad spectrum of products and services that ITEC offers. This can start with the human resources and payroll modules and then grow from there. Here, Brian Bonar was discussed in a press release by PRNewsWire.

ITEC is committed to a sustainable model of internal growth by taking over promising enterprises in the correct verticals. If they feel a target is right for them, Bonar and his team act boldly. There’s no time to delay when you’re building a world class company. So far the moves have been getting high marks from analysts and insiders alike. They understand how the synergy of the deals can add to overall profits. This applause is likely to continue as long as the deals keep opening up. Since ITEC has earned a reputation as a company that acquires other firms, it seems highly probably that new opportunities will continue to present themselves. When they do, Bonar and his team will strike.

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