Metamor Worldwide
Encyclopedia
Metamor Worldwide was an IT services and consulting company based in Houston, Texas
, which grew rapidly in the late 1990s before it was acquired by internet service provider
PSINet
in 2000, and ultimately split up in the wake of the latter company's bankruptcy
.
The company began life as CoreStaff Services, and grew by acquisition. Major acquisitions included Metamor Technologies and Dynamic Data Solutions in 1997 , The Windward Group and VSI Communications Group in 1998, and Decan Groupe and GE Capital Consulting in 1999.
Corestaff changed its name to Metamor Worldwide in 1998, following its acquisition of Metamor Technologies. Corestaff CEO Michael Willis told shareholders the new branding was intended to highlight the company's transition from a staffing shop to a full-service information technology provider. Continuing the transition, Metamor sold Corestaff Services, its original business unit, to The Corporate Services Group in July 1998.
Metamor Worldwide was acquired by PSINet
in early 2000 for $1.9 billion in stock. Some analysts point to the Metamor acquisition as a contributing factor in the decline of PSINet , which went bankrupt in 2001. Following the PSINet bankruptcy, some of the individual companies that had been merged to create Metamor Worldwide were spun out, while others were liquidated.
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
, which grew rapidly in the late 1990s before it was acquired by internet service provider
Internet service provider
An Internet service provider is a company that provides access to the Internet. Access ISPs directly connect customers to the Internet using copper wires, wireless or fiber-optic connections. Hosting ISPs lease server space for smaller businesses and host other people servers...
PSINet
PSINet
PSINet was one of the first internet service providers , based in Northern Virginia, and a major player in the commercialization of the Internet until the company's bankruptcy in 2001 during the dot-com bubble and acquisition by Cogent Communications in 2002.-Growth:PSINet was founded in 1989 by...
in 2000, and ultimately split up in the wake of the latter company's bankruptcy
Bankruptcy
Bankruptcy is a legal status of an insolvent person or an organisation, that is, one that cannot repay the debts owed to creditors. In most jurisdictions bankruptcy is imposed by a court order, often initiated by the debtor....
.
The company began life as CoreStaff Services, and grew by acquisition. Major acquisitions included Metamor Technologies and Dynamic Data Solutions in 1997 , The Windward Group and VSI Communications Group in 1998, and Decan Groupe and GE Capital Consulting in 1999.
Corestaff changed its name to Metamor Worldwide in 1998, following its acquisition of Metamor Technologies. Corestaff CEO Michael Willis told shareholders the new branding was intended to highlight the company's transition from a staffing shop to a full-service information technology provider. Continuing the transition, Metamor sold Corestaff Services, its original business unit, to The Corporate Services Group in July 1998.
Metamor Worldwide was acquired by PSINet
PSINet
PSINet was one of the first internet service providers , based in Northern Virginia, and a major player in the commercialization of the Internet until the company's bankruptcy in 2001 during the dot-com bubble and acquisition by Cogent Communications in 2002.-Growth:PSINet was founded in 1989 by...
in early 2000 for $1.9 billion in stock. Some analysts point to the Metamor acquisition as a contributing factor in the decline of PSINet , which went bankrupt in 2001. Following the PSINet bankruptcy, some of the individual companies that had been merged to create Metamor Worldwide were spun out, while others were liquidated.