Category: IT Outsourcing

You know, I live in Jersey, you'd think I'd be able to shake a story out of somebody… It's coming in dribs and drabs. I don't have anything totally confirmed yet, but I'm hearing the TPI/EquaTerra deal was undone over, what else? Finances.

So today is my birthday, and I'm out doing birthday fun things. I get a surprise call on my cell phone that the TPI-Equaterra (n'er to be Veritage) merger has been terminated today. I opted not to drop everything and scramble to make phone calls, but I did make a few. One source said it best, "Personalities clashing over every issue from future strategy to who drives the bus." Another source said it was valuation that was the final culprit.

I'll snoop around more on Monday. We'll try to do a follow up on the online version of GITS. I'll also print something more in-depth here.

The Veritage story is out.  It went to the printer yesterday. You'll have to have a subscription to GITS if you want to read it.

I had a great chat yesterday with an old friend and source whom I suppose would like to remain anonymous. He suggested I elevate the discussion for this site to focus on what's truly innovative in the market, rather than covering the usual who's doing what in the market. It has some interesting possibilities.