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Quadrant 4 Systems Launches Cloud Computing Services to Global Customers and Multiple Verticals
Jun 10, 2011 (04:06 PM EDT)
ROLLING MEADOWS, Ill., June 10, 2011 /PRNewswire/ -- Quadrant 4 Systems Corp. (OTCQB: QFOR), a leading IT consulting company ("Quadrant 4"), today announced the launch of a set of new initiatives for Cloud Computing, Data Management and Managed Services for the financial, health care, and retail verticals. These new initiatives will provide Quadrant 4's global customers with a cost-effective model for securing, transporting and distribution of data and streamlining applications within a Web-hosted environment.
The global cloud computing market ('the Cloud') is expected to grow from $37.8 billion in 2010 to $121.1 billion in 2015, representing a compound annual growth rate of 26.2%, as forecast by industry researcher MarketsandMarkets.com. "The digital management of data is making a definitive transition from hard-wired computing solutions to that of the Cloud. This month, Apple Computer announced its plans to bring cloud computing services to its consumers. Quadrant 4 is taking a similar lead in the small- to-mid-sized business market with the launch of our cloud platform to all new and existing customers. Our solutions can reduce overall IT services and maintenance costs, while streamlining operations, which can result in increased productivity for a wide range of customers," said Nandu Thondavadi, CEO of Quadrant 4.
"The U.S. federal government's initiative to implement an electronics records management system poses immediate challenges in the storage and retrieval of large volumes of highly sensitive, confidential data. Our data security and management initiative not only addresses the health care industry, but also is common across all our market verticals and represents significant new sales opportunities for our company," said Dhru Desai, Chairman and CFO of Quadrant 4.
About Quadrant 4 Systems Corp.
Quadrant 4 Systems Corp. is a leading provider 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 www.quadrantfour.com.
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.
SOURCE Quadrant 4 Systems Corp.