Emtec Global Services (EGS) Acquires eBAS and Aveeva
14 August 2008 - 12:04AM
PR Newswire (US)
Acquisition Adds Over 300 Consultants and Global Delivery
Capability MARLTON, N.J., Aug. 13 /PRNewswire-FirstCall/ -- Emtec,
Inc. (OTC:ETEC) (BULLETIN BOARD: ETEC) ("Emtec" or the "Company")
announced today that it has acquired through its subsidiary, Emtec
Global Services LLC, all of the outstanding stock of eBusiness
Applications Solutions, Inc. ("eBAS") and Aveeva, Inc. ("Aveeva")
headquartered in Fremont, CA, and their Indian subsidiary Aviance
Software India Private Limited ("Aviance"), headquartered in
Bangalore, India. Jessica Chopra, who will remain as President of
eBAS and Aveeva reporting directly to Dinesh Desai, Chairman, CEO,
and President of Emtec said, "I'm excited to be a part of the
growth of Emtec Global Services and provide its first offshore
capability." (Logo:
http://www.newscom.com/cgi-bin/prnh/20080414/EMTECLOGO ) Aveeva and
eBAS offer a broad range of software consulting services, including
business analysis, quality assurance, testing, and training as well
as SAP, CRM, Oracle Apps, and Java based solutions. They are an SAP
Services Partner which offers many opportunities for SAP
Implementation, Consulting, Value-Added Services, and Federal and
State ERP implementations. Specific capabilities include Turn-key
Project Executions, Compliance Management, Business Process
Management, Off-shore, On-shore and Near-Shore Software
Development, QA Automation and Maintenance. Their clients span a
wide range of vertical markets including Banking, Financial
Services and Insurance, Retail, Healthcare, and Technology. Aveeva
and eBAS deploys over 300 consultants, many with Masters Degrees in
Computer Science. They have deep experience in these and other
applications supplemented by strong domain knowledge in various
market segments. "With this acquisition we have accelerated the
growth of Emtec Global Services that we began with the acquisition
of Luceo, Inc. in March of this year. Also importantly, we now have
over 400 consultants with a coast to coast presence and global
delivery capability," said Dinesh Desai, Emtec Chairman, CEO, and
President. "This greatly enhances the software service capability
of Emtec Global Services and continues to complement the enterprise
infrastructure services provided by our Emtec Systems Division,
including Emtec Federal." About Emtec, Inc.: Emtec, Inc.
established in 1964, is an information technology company,
providing services and products to the federal, state, local,
education and commercial markets. Areas of specific practices
include enterprise architecture, data management, data center
infrastructure and consulting and integration services. About
Luceo, Inc.: Luceo, Inc. is an IT Services and consulting
enterprise offering a wide array of customer-centric solutions.
Areas of specific expertise include SAP, Java/J2EE, Microsoft,
Oracle and UNIX based solutions; Systems Admin, and Data
Warehousing. About eBAS, Inc., Aveeva, Inc., and Aviance Software
India Private Limited: eBAS, Inc., Aveeva, Inc. and Aviance
Software India Private Limited provide software consulting services
across a range of areas including business analysis, quality
assurance, testing, and training as well as SAP, CRM, Oracle Apps,
and Java based solutions. Areas of specific vertical expertise
include Banking, Financial Services and Insurance, Retail,
Healthcare, and Technology. Certain statements in this document
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors, which may cause the actual
results, performance or achievements of the Company or industry
results, to be materially different from any future results,
performance, or achievements expressed or implied by such
forward-looking statements. The Company's future operating results
are dependent upon many factors, including but not limited to the
Company's ability to: (i) obtain sufficient capital or a strategic
business arrangement to fund its plan of operations when needed;
(ii) build the management and human resources and infrastructure
necessary to support the growth of its business; (iii) competitive
factors and developments beyond the Company's control; and (iv)
other risk factors discussed in the Company's periodic filings with
the Securities and Exchange Commission which are available for
review at http://www.sec.gov/ under "Search for Company Filings."
We undertake no obligation to publicly update or revise any
forward-looking statements to reflect changed assumptions, the
occurrence of anticipated or unanticipated events, or changes to
future results over time.
http://www.newscom.com/cgi-bin/prnh/20080414/EMTECLOGO
http://photoarchive.ap.org/ DATASOURCE: Emtec, Inc. CONTACT: John
P. Howlett, Vice Chairman - Corporate Development of Emtec, Inc.,
+1-973-376-4242, Web site: http://www.emtecinc.com/
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