Patina Solutions Raises $1.5 Million; Expands by Opening Boston Office

700% expected growth and unique niche attracts investors despite down economy

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Mar 12, 2010, 05:43 ET

MILWAUKEE, March 12 /PRNewswire/ -- Patina Solutions, a unique professional services firm that provides seasoned professionals on a flexible basis to help companies achieve their business objectives, has successfully raised $1.5 million to support its growth – including the opening of an office in Boston, Mass.

"Patina's story, results and plans resonated very well with angel investors, even in these still difficult economic times," said Mike Harris, co-founder and CEO of Patina Solutions. "Patina now has almost 50 individual investors from several states including Wis., Ill., Mich. and Ohio. We are continuing to grow and are expecting a 700% increase in sales from 2009 to 2010."

Headquartered in the Milwaukee area, Patina has offices in Chicago and Cleveland – making Boston its fourth office location opened since the company's inception at the end of 2008. Patina boasts more than 500 talented Professionals in its Portfolio of Talent and plans to expand nationwide over the next five years.

Patina's ability to attract investors and expand operations is largely due to its unique niche of providing flexible workforce solutions and baby boomer expertise to clients. This is a significant offering given that many employers are hesitant to hire additional staff, and the aging baby boomer workforce is transitioning into retirement and looking for flexible work options.

About Patina Solutions

Patina Solutions provides seasoned Professionals, generally over the age of 50, to help clients achieve their business objectives. Patina Professionals help organizations meet workload demands or fill knowledge gaps by working on special projects, performing interim or part-time executive or management roles, or providing expert support through consulting, training and/or mentoring.

Patina Professionals bring a wealth of subject matter knowledge, maturity, reliability and wisdom to the most demanding assignments and have expertise in many areas including engineering, human resources, operations, marketing and technology.

With a large portfolio of expertise available on demand (more than 500 Professionals and growing), Patina provides flexible, tailored solutions, which helps clients control costs.

Mike Harris, Patina's co-founder, is an experienced entrepreneur with significant success in start-up and high-growth companies. Patina is his sixth professional services start-up since 1995. He is best known as the founder and former CEO of Jefferson Wells, which was acquired by Manpower in 2001.

Visit www.patinasolutions.com for information.

SOURCE Patina Solutions