History
Cambridge Technology Partners was created within Cambridge Technology Group (CTG), a John J. Donovan company in Cambridge, Massachusetts (USA).
On February 23, 1991, Cambridge Technology Partners (CTP) was sold and spun out of CTG under majority ownership of Safeguard Scientific. Safeguard and Donovan brought in a new executive team: James Sims as CEO, Robert Gett as head of Technology and Consulting, and Chris Greendale as head of Sales and Marketing and Gordon Brooks as Chief Sales Officer. Six months later, John J. Donovan's stake was fully bought out by Safeguard.
CTP pioneered fixed time/fixed price consulting services and RAD Methodology, helping clients transform from mainframe-centric solutions to client-server architecture and packaged solutions.
In May 1993 CTP under stock symbol CATP went public at $5 a share.. In 1999, CTP achieved peak revenues of 628 million, a market cap of ~5 billion, and a global workforce of ~4000.
In 1996, the company established its Swiss Office, originally in Geneva (CH) and established itself as one of the major Consulting firms on the Swiss market. A few years later he founded Optaros and is presently Chairman. In 1998, Cambridge Technology Partners set up an office to focus on the Swiss German market and provide access to the German and Austrian markets. The company became an established leader in CRM and New Economy
In 2001, Cambridge Technology Partners was acquired by Novell Inc. to become the eServices division of Novell Inc.
In 2008, Cambridge Technology Partners, under the leadership of Vijay Srinivasan, decided to spin off from the Novell Inc. business in order to set up an independent company, offering a complete portfolio of solutions on Management Consulting, Technology and Outsourcing to the European market.
In 1997, Chris Greendale left to become a Managing Director at Internet Capital Group and led an investment in 1998 that created competitor Breakaway Solutions with Gordon Brooks, a Cambridge Technology Partners Executive which lead the market in B2B commerce. Chris became Chairman and Gordon President and CEO. Breakaway had a very successful IPO and reached a peak market cap of ~5 billion. The company was ultimately sold to Divine Systems and Accenture. Bob Gett left to become CEO of Viant, an e-commerce systems integrator.
In 2010, Chris Greendale went on to found Cloud Technology Partners to help companies transform their businesses to cloud solutions.
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