June 8, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) – IT outsourcing firm TechTeam Global, Inc. (NASDAQ: TEAM) said it has signed a definitive agreement to sell its government solutions subsidiary, TechTeam Government Solutions, Inc., to Jacobs Engineering Group Inc. (NYSE: JEC), California-based provider of engineering and construction services.

Seth W. Hamot, chairman of the board of directors of TechTeam Global, said, "The decision to sell TechTeam Government Solutions, Inc. resulted from the board’s evaluation over the past year of various strategic alternatives to reposition the company for stability and growth.”

He said that, after this review, the board determined that focusing TechTeam Global's efforts on the attractive commercial market would be the right course of action for the company and its shareholders.

Hamot continued, "This transaction will provide the Company with significant financial flexibility which will enhance our more focused business efforts. We intend to use the proceeds from the sale initially to eliminate our bank borrowings and increase our cash position."

Michigan-based TechTeam Global is a provider of IT outsourcing and business process outsourcing services to large and medium businesses, as well as government organizations.

The company's primary services include service desk, technical support, desk-side support, security administration, infrastructure management and related professional services.

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