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SBi gets OK to acquire more from marchFIRST

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SBi, a Salt Lake-based e-business services company, on Wednesday announced it received court approval to acquire about 300 employees and 200 client relationships from now-defunct marchFIRST.

Also Wednesday, the company acquired marchFIRST's New York office.

SBi in April announced its intent to acquire the Portland, San Francisco and Denver offices of marchFIRST. That acquisition was green-lighted Wednesday by the bankruptcy court and will add 270 employees to SBi's roster.

"These acquisitions represent an important milestone in SBi's business plan," SBi president and chief executive officer Ned Stringham said in a prepared statement. They allow the company to offer its clients improved operational efficiency and profitability, to attract new customers while retaining current clients and boost sales.

With the acquisition of marchFIRST's New York office, and more employees scattered throughout Connecticut, New Jersey and Boston, the company gained 90 more employees, according to SBi spokesman Michael Adams.

Stringham said the buyout will allow SBi to offer a broader, more comprehensive range of services.

The company now has more than 700 employees, with offices in 11 U.S. cities, including Chicago, Dallas and Salt Lake City.