CherryRoad Acquires U.S.-Based Oracle Peoplesoft ERP Business of Maximus, Inc.

CherryRoad Acquires U.S.-Based Oracle Peoplesoft ERP Business of Maximus, Inc.

Transaction expands CherryRoad’s public sector market share and managed services offerings

Morris Plains, NJ (Oct. 1, 2010) — CherryRoad Technologies Inc., a leading integrator of enterprise software and an Oracle PartnerNetwork Platinum Partner, today announced that it has acquired the U.S.-based Oracle PeopleSoft ERP business of Maximus, Inc. (NYSE:MMS), a leading provider of government services worldwide. The transaction includes the current contracts, intellectual properties and assets of the business. Terms of the deal, which closed September 30, were not disclosed.

CherryRoad, an award-winning expert in Oracle ERP solutions for more than two decades, has made several acquisitions over the past few years as part of its strategic growth plan. The acquisition of the Maximus ERP business – a leading ERP solutions integrator in the U.S. state government sector – significantly expands CherryRoad’s public sector market share, the number of Oracle PeopleSoft applications it supports, and its state-specific tools and methodologies. It also expands the company’s managed services offerings to include remote functional and technical support, 24×7 help desk, and hosting capabilities.

About Maximus, Inc.
Maximus is a leading provider of government services worldwide and is devoted to providing health and human services program management and consulting services to its clients. The Company has more than 6,500 employees located in more than 220 offices in the United States, Canada, Australia, the United Kingdom, and Israel. Additionally, Maximus is included in the Russell 2000 Index and the S&P SmallCap 600 Index.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) Specialized is the latest version of Oracle’s partner program that provides partners with tools to better develop, sell, and implement Oracle solutions. OPN Specialized offers resources to train and support specialized knowledge of Oracle products and solutions and has evolved to recognize Oracle’s growing product portfolio, partner base, and business opportunity. Key to the latest enhancements to OPN is the ability for partners to differentiate through certified Specializations. Specializations are achieved through competency development, business results, expertise, and proven success. To find out more, please visit www.oracle.com/partners

About CherryRoad Technologies Inc.
CherryRoad Technologies Inc. provides comprehensive systems integration and consulting services that maximize enterprise performance for the public and commercial sectors. With headquarters in Morris Plains, N.J. and offices across the U.S., CherryRoad has earned a solid reputation for combining technology, organizational, functional, and vertical market expertise into practical solutions that deliver results – on time and on budget.

Contact:
Elaine Verrone
973-541-4227
everrone@cherryroad.com

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