Soft Company: CTG buys French company in $16.5 million cash deal

CTG is expanding its global reach as the IT company said Thursday it has acquired SOFT Company, based in Paris. Buffalo-based CTG paid $16.5 million in cash for the consulting and engineering company. Officials said the addition of SOFT will add approximately $30 million in annualized revenue. The IT services market in France is valued at $40 billion. Filip Gyd, senior vice president and general manager of CTG Europe, said the acquisition supports CTG's vision of being a significant IT services...