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Quadrant 4 Systems Merges Consulting Operations and Signs Multi-Year Lease on New Facility in the U.S.
ROLLING MEADOWS, Ill., June 13, 2011 /PRNewswire/ --Quadrant 4 Systems Corp. (OTCQB: QFOR), a leading IT consulting company ("Quadrant 4"), today announced it has successfully merged its consulting entities, VSG Acquisition Corporation, RM Acquisition Corporation and ISS Acquisition Corporation, which were acquired in 2010. Effective as of July 1, 2011, ISS Acquisition Corporations will be renamed Quadrant 4 Consulting, which in turn, has acquired 100% of the outstanding stock of VSG Acquisition Corporation and RM Acquisition Corporation. Quadrant 4 has signed a multi-year lease on an office facility in New Jersey that will provide ongoing training and support for all three combined entities.
"Now that we have fully integrated our consulting firms into a single platform, our next step is to create a unified brand under Quadrant 4. The office we have selected is a well-designed and collaborative work space that is designed to easily expand as our talent pool and customer base grows," said Dr. Nandu Thondavadi, CEO of Quadrant 4.
"Quadrant 4's consulting businesses can now achieve greater efficiencies and strengthen their overall offering to our clients. Demand is on the rise for a number of our high-level consulting services, including cloud computing, data security management, electronic medical records and business intelligence. Under a unified brand and office, we can best serve a broader range of clients from anywhere in the world," said Dhru Desai, Chairman of Quadrant 4.
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corp. is a leading provider of the next generation IT Services and ITES led by a team of accomplished IT industry veterans. By leveraging its talents and facilities in North America and off-shore offices in India, the Company provides smart-sourced solutions that help over 150 business customers achieve their goals of developing customized solutions and cost savings across multiple verticals and geographies. With three acquisitions completed, Quadrant's growth-through-acquisition business model has yielded sustained year-over-year growth in earnings, profitability and market recognition. For more information on Quadrant 4, please visit http://www.quadrantfour.com.
Forward-Looking Statements
This release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
Investor Contact:
DC Consulting, LLC
(407)792-3332
investorinfo@dcconsultingllc.com
SOURCE Quadrant 4 Systems Corp.
Quadrant 4 Systems Corp.
Web Site: http://www.quadrantfour.com
Quadrant 4 Systems Merges Consulting Operations and Signs Multi-Year Lease on New Facility in the U.S.
ROLLING MEADOWS, Ill., June 13, 2011 /PRNewswire/ --Quadrant 4 Systems Corp. (OTCQB: QFOR), a leading IT consulting company ("Quadrant 4"), today announced it has successfully merged its consulting entities, VSG Acquisition Corporation, RM Acquisition Corporation and ISS Acquisition Corporation, which were acquired in 2010. Effective as of July 1, 2011, ISS Acquisition Corporations will be renamed Quadrant 4 Consulting, which in turn, has acquired 100% of the outstanding stock of VSG Acquisition Corporation and RM Acquisition Corporation. Quadrant 4 has signed a multi-year lease on an office facility in New Jersey that will provide ongoing training and support for all three combined entities.
"Now that we have fully integrated our consulting firms into a single platform, our next step is to create a unified brand under Quadrant 4. The office we have selected is a well-designed and collaborative work space that is designed to easily expand as our talent pool and customer base grows," said Dr. Nandu Thondavadi, CEO of Quadrant 4.
"Quadrant 4's consulting businesses can now achieve greater efficiencies and strengthen their overall offering to our clients. Demand is on the rise for a number of our high-level consulting services, including cloud computing, data security management, electronic medical records and business intelligence. Under a unified brand and office, we can best serve a broader range of clients from anywhere in the world," said Dhru Desai, Chairman of Quadrant 4.
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corp. is a leading provider of the next generation IT Services and ITES led by a team of accomplished IT industry veterans. By leveraging its talents and facilities in North America and off-shore offices in India, the Company provides smart-sourced solutions that help over 150 business customers achieve their goals of developing customized solutions and cost savings across multiple verticals and geographies. With three acquisitions completed, Quadrant's growth-through-acquisition business model has yielded sustained year-over-year growth in earnings, profitability and market recognition. For more information on Quadrant 4, please visit http://www.quadrantfour.com.
Forward-Looking Statements
This release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
Investor Contact:
DC Consulting, LLC
(407)792-3332
investorinfo@dcconsultingllc.com
SOURCE Quadrant 4 Systems Corp.
Quadrant 4 Systems Corp.
Web Site: http://www.quadrantfour.com