“Our focus will be on growing the combined customer base and actively using it to cross-sell our suite of business services,” said Barry Sloane, Chairman and CEO of Newtek Business Services. “One of the primary reasons for this acquisition was the capability of CrystalTech management to compete successfully in a difficult market environment and grow the business during times when their competitors were struggling. We are not interested in altering the formula or the management that has led to the CrystalTech success, although we will look at the opportunity to brand CrystalTech as Newtek IT Services at some point in the future.” Terms of the sale, which will close either this quarter or next, were not announced.