LONDON, June 1 /PRNewswire-FirstCall/ -- Cloud Centric Systems, Inc. (Pink Sheets: CLDR) is pleased to announce that the Company has signed an agreement with Teqdis, Ltd. Under this agreement Teqdis will sell and distribute products from both EnableTS, Ltd. and VClouds Ltd. to their network of customers across Asia. Teqdis will be able to access Cloud Centric Systems' service provider platform, which will be lucrative for both companies throughout the Asian Market.
The agreement between VClouds Ltd. and Teqdis Ltd. engages Teqdis as a non-exclusive sales and distribution representative for products produced and sold by VClouds Ltd. Teqdis will also sell both VClouds and Enable products to their list of existing clients. Teqdis will sell EnableTS products to service providers or large institutions, whereas VClouds is sold to a smaller clientele.
The past year there has seen significant growth and interest in cloud computing. The number of businesses adopting Cloud Computing has more than doubled since 2007. A report from IT research firm Gartner in Stamford, Connecticut foresees the e-mail archiving business growing at a five-year annual growth rate of 37.2 percent, reaching $1 billion in sales by the end of 2011.
"The relationship with Teqdis is a win- win situation. We will have the opportunity to tap into the Indian market while increasing our profit," stated David Lovatt, President and CEO of Cloud Centric Systems, Inc. "We have built great partnerships thus far with our resellers and will continue to do so as we grow our business."
About Teqdis, Ltd.
Teqdis is a specialist technology, value-add distributor distributing to the Indian sub-continent. Teqdis carries a number of brands and deals exclusively with the value-added reseller community. Currently within its product portfolio is Parallels, Propalms, Extentrix, Tricerat and eG Innovations. Teqdis specializes in the distribution of software solutions within the server-based computing and virtualization segments, provising enterprises as well as government and education sectors with enhanced computing environments. Teqdis also specialises in providing embedded operating systems to OEM's of thin client, point of sale and digital signage systems through its Teqserv division. Teqdis is able to offer turnkey software development for satisfying embedded software requirements.
About Cloud Centric Systems:
Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries, Enable Software Ltd. and VClouds Ltd.
Enable Software Ltd., a European based email management software solutions company, works exclusively with IT Service Providers to furnish them with the very latest in email management solutions for the modern market place. Their solution covers everything from Archiving, Anti-Spam, Disaster Recovery and Business Continuity.
VClouds, Ltd. is a global provider of Email Management Software offering 'Hosted Email Management Service' and delivering 'Cloud Based' services through a Security as a Service model. The VClouds system will scan emails for spam, viruses, breaches in corporate compliance policy, monitors, and polices Data Leaks within corporate emails.
For more information, please visit www.cloudcentricsystems.com
Safe Harbor Statement:
The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.
SOURCE Cloud Centric Systems, Inc.