Analysts International Acquires WireSpeed Networks

Analysts International Acquires WireSpeed Networks

Acquisition of IP Telephony Specialist - Part of Company's Focused Growth and Acquisition Strategy

MINNEAPOLIS, Jan. 11 /PRNewswire-FirstCall/ -- Analysts International (NASDAQ:ANLY) announced today that it has acquired the assets of Cincinnati- based WireSpeed Networks LLC, a technology company specializing in IP Telephony and wireless networking. WireSpeed's assets, employees and service offerings will become a part of Analysts International's Technology Integration Services, extending and enhancing the Company's offerings in the rapidly growing area. Terms and conditions of the transaction were not disclosed, but Company officials noted that the consideration for the acquisition would come from current cash resources and in the form of a management earn out.

Jeff Baker, president of Analysts International, stated, "Today's announcement marks the initiation of what we believe will be a focused, disciplined strategy, whereby we grow our business practices through selected acquisitions in emerging technologies, ideally with connections to our traditional alliance partners, and in areas that are consistent with our current service and product offerings.

"This acquisition certainly meets the criteria we have established for such growth. It is in one of technology's fastest growing areas, it is expected to further strengthen our relationship with Cisco, with whom we are already a Gold Partner, and it is an extremely good fit with our current Technology Integration Services practice.

"IP convergence is changing the nature of business communication," Baker concluded. "With WireSpeed's expertise and our experience in technology integration and delivery, we are now positioned to help our customers integrate voice, data and multimedia systems that are secure, resilient and provide long-term value."

"We are pleased to join Analysts International and anticipate an exciting new period of growth and innovation for the industry and for the Company," said Mark Handermann, president of WireSpeed Networks. "Our partners and customers have asked us to increase our geographic footprint as their businesses needs have increased. Customer contact centers, rich media and wireless convergence are driving our customers' growth. This acquisition will enable us to provide greater flexibility in offering these solutions to our expanding customer and partner base."

About Analysts International

Analysts International is a global technology services company with annual revenue of more than $330 million. Headquartered in Minneapolis, the Company is a leader in implementing and managing technology solutions, committed to helping businesses become more adaptive, competitive and profitable. Working with industry leaders to expand its capabilities, Analysts International has established a loyal following of more than 1,000 client organizations, ranging from Fortune 50 companies to mid-tier industry leaders. The Company's nationwide network of offices and customer service sites allows it to adapt resources and services for any size project or supplemental requirement. Analysts International's lines of business include Technology Integration Services for applications and hardware; Advisory Services for optimizing IT investments; Outsourcing Services with local, national and international capabilities; and Staffing Services to support human capital management needs. For information visit http://www.analysts.com/ .

Statements contained herein, which are not strictly historical fact, are forward-looking statements. Words such as "believes," "intends," "possible," "expects," "estimates," "anticipates," or "plans" and similar expressions are intended to identify forward-looking statements. Any forward-looking statements in this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on the Company's current expectations relating to future revenues, earnings, results of operations and future sales or growth. The Company's actual results related to its IP Telephony and wireless services may vary materially from those projected due to certain risks and uncertainties such as the general state of the economy, volume of business activity, client demand for IP Telephony and wireless services, client cancellations, the Company's ability to control and improve profit margins, the availability and utilization of qualified technical personnel, successful integration of the acquisition, the actual growth rate the Company is able to achieve in its IP Telephony and wireless service offering and other similar factors. For more information concerning risks and uncertainties to the Company's business refer to the discussion in the "Market Condition, Business Outlook and Risks to Our Business" section in the Company's Annual Report for the year ending January 3, 2004, and the Company's prior Annual Reports, 10-Ks, 10-Qs, other Securities and Exchange Commission filings and investor relations materials.

Media Contacts:
Bill Bartkowski Jeff Baker
Managing Director President
BlueFire Partners Analysts International
Phone 612-344-1012 Phone: 952-835-5900
bartkowski@bluefirepartners.comjbaker@analysts.com


Source: Analysts International

CONTACT: Jeff Baker, President of Analysts International,
+1-952-835-5900, jbaker@analysts.com ; Bill Bartkowski, Managing Director of
BlueFire Partners, +1-612-344-1012, bartkowski@bluefirepartners.com

Web Site: http://www.analysts.com/


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