Saalex Corporation Acquires Netsimco

Saalex Corporation has acquired Middletown, Rhode Island-based IT services provider Netsimco, a $30 million company, to broaden Saalex's capabilities in aerospace and Department of Defense markets. Netsimco will become a wholly owned subsidiary, its leadership will remain in place and employees will be eligible for Saalex's employee-ownership plan; the deal increases Saalex's revenue run-rate to approximately $100 million.