ODESIA Announces the Acquisition of Interfacing Technologies
11 Mayo 2012 - 7:42AM
Marketwired Canada
ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE:ODS), a corporation
specialized in delivering business-intelligence solutions ("BI"),
decision-process management and business analytics, today announced that it has
acquired all issued and outstanding shares of privately-held Interfacing
Technologies Corporation ("Interfacing"), a debt free Business Process
Management ("BPM") software company, for $1.5 million cash and the issuance of
4.0 million shares.
Based in Montreal, Interfacing (www.interfacing.com) is a pure-play BPM software
company founded in 1995. Interfacing has clients globally across all industries.
Interfacing's BPM solutions are intuitively designed for business users and
cover the full spectrum of process improvement and governance initiatives.
Following this acquisition, Interfacing's clientele will continue receiving the
same high quality service from Interfacing's dedicated staff.
"We are thrilled to have the Interfacing team join ODESIA" declared Nicolas
Bonnafous, President and Chief Executive Officer of ODESIA. "This acquisition of
Interfacing is the first step to create new innovative solutions under our
Unified Business Intelligence ("UBI") strategy, please visit Interfacing's
website at www.interfacing.com, for more information."
"Since the beginning of the year, we are delivering on all aspects of our growth
plans", further commented ODESIA's president.
"This transaction creates an Intelligent Operations platform" said Meir Levi CEO
of Interfacing. "We are looking forward to an exciting future as part of the
ODESIA family".
Strategic and financial benefits
-- Positions ODESIA as a leader in a large and growing BPM space;
-- Complements ODESIA's solutions portfolio;
-- Provides ODESIA with differentiated IP;
-- Provides ODESIA with a larger International clientele;
-- Is expected to increase revenues by approximately 20%;
-- Is expected to provide higher gross margins related to the sale of
software;
-- Is expected to be immediately accretive to ODESIA's earnings;
New Director and International representation
Mr. Bonnafous further announced that Mr. Meir Levi, president and controlling
shareholder of Interfacing, had accepted to join ODESIA's board of directors,
subject to regulatory approval, and will assume the position of Senior
Vice-president Business development for ODESIA.
About ODESIA Group Inc.
ODESIA is an international corporation specialized in business-intelligence
("BI") solutions, decision-process management and business analytics for large
and medium-sized companies. Our mission - The right information provided at the
right time, on the right platform and to the right person. Since 2006, ODESIA is
listed on TSX-V. For more information visit us at www.odesia.com.
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA's
current expectations regarding future events and may involve risks or
uncertainties. Actual results could differ materially from those projected
herein. Forward-looking information is based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety of
risks and uncertainties and other factors. The forward-looking information
contained in this news release is expressly qualified by this cautionary
statement. ODESIA does not undertake any obligation to update or revise any
forward-looking statements to conform such information to actual results or to
changes in expectations except as otherwise required by applicable securities
legislation. Readers are cautioned not to place undue reliance on
forward-looking information.
Odesia Group Inc. (TSXV:ODS)
Gráfica de Acción Histórica
De Oct 2024 a Nov 2024
Odesia Group Inc. (TSXV:ODS)
Gráfica de Acción Histórica
De Nov 2023 a Nov 2024
Real-Time news about (TSX Venture Exchange): 0 recent articles
Más de ODESIA Group Inc. Artículos de Noticias