February 7th, 2011, SOAProjects, Inc. Acquires Majority Stake in appsROI, Inc.

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Feb 14, 2011, 08:00 ET

MOUNTAIN VIEW, Calif., Feb. 14, 2011 /PRNewswire/ -- SOAProjects, Inc. (SOAProjects), a leading provider of accounting and advisory services, today announced their acquisition of a majority stake in appsROI, Inc. (appsROI). The combined businesses will provide customers an end-to-end solution. This combination is also expected to result in a stronger global services organization by leveraging appsROI software, designed to work with SOAProjects existing Oracle clients. appsROI Oracle E-Business Suite applications, will result in a stronger Oracle expertise for our clients. Historically, accounting firms and software companies have worked independently and have not been able to help clients fully capture both operating and cost efficiencies in Oracle environments. SOAProjects and appsROI will offer a joint solution to more effectively support Oracle ERP, including implementation, upgrade, security, and GRC, along with Segregation of Duties (SOD), Automated Access Provisioning (AAP) and Transaction Monitoring for a more effective and efficient audit in the Oracle environment.

SOAProjects and appsROI announced that they will roll out future software solutions to implement new accounting rules and guidance. "A strategic acquisition with appsROI will provide the benefits of one-stop shop to clients who need the right combination of tools and resources to manage their Oracle environment," said Manav Singh, Founding Partner at SOAProjects. "In today's current economy we have to provide leveraged solutions to add value to a client and help them with overall cost reduction. With appsROI software support, we will be able to deliver a comprehensive solution."

"The combined company is positioned to solve demanding challenges to business and technology," said Manpreet Grover, CEO of SOAProjects. "We are an even stronger entity now, with greater service offerings. This combination gives us the potential for significant operational synergies and a compelling proposition to compete more effectively across our suite of services."

"We are pleased to be a part of a growing company like SOAProjects, and to enhance our global approach with their clients. Joining with SOAProjects in auditing, technology and accounting will be highly valued by our growing number of customers around the world," explained Yogendra Chordia, President of appsROI. "SOAProjects' understanding of worldwide regulatory requirements will enhance client confidence in US GAAP and IFRS standards."

About SOAProjects

SOAProjects is a Certified Public Accounting and Advisory firm, specializing in technical accounting, financial reporting, equity outsourcing, risk advisory, enterprise technology, internal audit and SOX compliance. SOAProjects, ranked 9th among Silicon Valley Accounting firms, is comprised of highly experienced professionals from Big 4 and fortune 100 companies. SOAProjects delivers consistent, top quality service to clients from multi-billion dollar public companies to pre-revenue start-ups.

About appsROI

appsROI, Inc. sells compliance Software and delivers Oracle e-business consulting. Headquartered in Mountain View, CA, appsROI delivers the most complete Oracle expertise as a one-stop solution company with proven Automated Access Provisioning, Segregation of Duties, and Transaction Monitoring tools.