GP Strategies to Acquire Maverick Solutions

COLUMBIA, Md., Sept. 19, 2016 /PRNewswire/ — Global performance improvement solutions provider GP Strategies Corporation (NYSE: GPX) announced that it has signed a definitive agreement, subject to closing conditions, to acquire Maverick Solutions, a leading provider of Enterprise Resource Planning (ERP) product training services.

Maverick Solutions highlights:

Founded in 1999 and headquartered in Wake Forest, North Carolina
Platinum Partner with Oracle, providing support throughout the product lifecycle, specializing in both project-team training and end-user adoption services
Customer base includes healthcare, higher education, public sector and commercial clients
Offers training for both on-premise and Cloud-based Oracle ERP and Business Intelligence systems
Developed the industry’s first subscription-based (Training as a Service) offerings for Oracle Cloud products.

This acquisition will extend GP Strategies’ ability to deliver ERP systems training and user adoption services to its healthcare customer base and expand into the higher education sector. The transaction is expected to close on October 3rd. Completion of the acquisition is subject to customary conditions, including obtaining certain consents and agreements.

Fred Von Canon, Maverick Solutions’ Founder and President, stated, "I’m excited to be joining the GP Strategies team. We’ve been trusted partners for years and I look forward to going to market now as one team. Being a part of GP Strategies allows us a broader reach for our services; this is an exciting next step for Maverick Solutions."

Scott Greenberg, GP Strategies’ Chief Executive Officer, stated, "The acquisition of Maverick will further enable GP Strategies to provide cloud-based ERP training services. We believe that Maverick’s services will be a strategic fit to our approximately 120 Global 500 customers. It is a great start to resume our acquisition strategy, which has been a part of GP Strategies’ past success."

Additional information may be found at www.mavericksolutions.net.

About GP Strategies

GP Strategies Corporation (NYSE: GPX) is a global performance improvement solutions provider of training, eLearning solutions, management consulting and engineering services. GP Strategies’ solutions improve the effectiveness of organizations by delivering innovative and superior training, consulting and business improvement services, customized to meet the specific needs of its clients. Clients include Fortune 500 companies, manufacturing, process and energy industries, and other commercial and government customers.

We make statements in this press release that are considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. These statements reflect our current expectations concerning future events and results. We use words such as "expect," "intend," "believe," "may," "should," "could," "anticipates," and similar expressions to identify forward-looking statements, but their absence does not mean a statement is not forward-looking. These statements are not guarantees of our future performance and are subject to risks, uncertainties, and other important factors that could cause our actual performance or achievements to be materially different from those we project. For a full discussion of these risks, uncertainties, and factors, we encourage you to read our documents on file with the Securities and Exchange Commission, including those set forth in our periodic reports under the forward-looking statements and risk factors sections. Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

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SOURCE GP Strategies Corporation