Emtec Global Services (EGS) Acquires eBAS and Aveeva

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A F EMTEC, INC. LOGO EMTEC, INC. LOGO Emtec, Inc. logo. (PRNewsFoto/Emtec, Inc.)[RD] MARLTON, NJ UNITED STATES 04/14/2008

    MARLTON, N.J., Aug. 13 /PRNewswire-FirstCall/ -- Emtec, Inc. (OTC
 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 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.
 
 
 

SOURCE Emtec, Inc.