While the price may suggest that CVSI
is engaged in low-margin business, 4Front describes the company as offering hardware and software support services, systems integration and consulting.
Our two principal areas of focus in the past few months have been the implementation of these initiatives and the integration of the CVSI acquisition.
Borrowings did rise in the fourth quarter following the acquisition of CVSI, which was paid for through bank financing.
The fourth quarter saw the beginning of a significant shift in 4Front's business with the launch of our new e-business strategy and the completion of the CVSI acquisition.
signed a similar agreement with Hewlett-Packard in March, 1999 covering HP's OpenView enterprise management suite.
Based in Bedford, Massachusetts, CVSI has principal operating locations in the UK, France, Germany, Italy, Holland, Sweden, the United States and Japan.
4Front anticipates that CVSI will contribute revenues of at least $100 million in calendar 2000.
CVSI delivers enterprise-wide hardware and software support services, systems integration and consulting services, and a full suite of network services to a wide range of blue-chip customers around the world.
Paul Feener, Senior Vice President of Consulting Services for Alpine, stated "We are excited to have CVSI as an Authorized ARMS Reseller.
Peter Berkel, Vice President, Worldwide Sales and Marketing for CVSI, stated that, "We are very pleased with our partnership with Alpine.
In addition to Alpine, CVSI maintains strategic partnerships with leading information technology providers including Sun Microsystems (NASDAQ:SUNW), Compaq (NYSE:CPQ) and Check Point Software (NASDAQ:CHKP).
Peter Berkel, Vice President of Sales and Marketing at CVSI