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Issue Date: April 2008

Fulcrum Business Solutions (FBS) and UMT Portfolio Management (UMT) to merge

17 April 2008

Fulcrum Business Solutions, the leading provider of enterprise project management (EPM) solutions, and UMT Portfolio Management SA (UMT), today announced the merger of the two businesses. The merged business will trade under the name UMT South Africa and the merger will take effect from 1 March 2008.
UMT was founded two years ago and quickly established itself as the major player in implementations of Microsoft Project Portfolio Server as well a provider of other project, program and portfolio related services. Over the past seven years, Fulcrum Business Solutions has implemented over 80 EPM solutions, establishing and entrenching their position as the leading provider of Microsoft EPM solutions.
Pieter Meyer, managing director of UMT, explains the reasons behind the merger. “Both Fulcrum and UMT are part of the Fulcrum group of companies and have a substantially common shareholding base. UMT Europe – who have been the world leaders in the project and portfolio management space since 1989 -  is the other shareholder in the business. We share a number of common customers, and have significantly overlapping offerings. Customers were finding it confusing when engaging either Fulcrum or UMT, particularly in understanding which company offered what service and how best - and with whom - to engage.  By putting the two companies together we are able to offer the full enabling technology and training. 
We will also be able to take advantage of operational efficiencies that can be achieved by eliminating duplication of infrastructure between the two companies while still enjoying the benefits that UMT Europe as a shareholder and partner provides.”
Rodney Barrell, managing director of Fulcrum, explains the vision of the new business:  “The merger of Fulcrum and UMT has brought together the market leading positions of two organisations.
Pieter Meyer takes on the role of CEO of UMT, while Rodney Barrell will fulfil the role of MD.

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