LAGUNA NIGUEL, Calif. and OAKLAND, Calif., Jan. 10, 2009 (GLOBE NEWSWIRE) -- INFINITE Software Corporation (Pink Sheets:IFSC), a leader in Legacy Extension, Business Intelligence and Enterprise Infrastructure, announced today that it has acquired a controlling interest in Roundstone Systems based in Oakland, CA.
The combined organization will be comprised of a global software services and infrastructure company that enjoys over 100,000 installations in 56 countries. "We are very excited to announce this new business combination. INFINITE is quickly becoming the fastest growing Enterprise Partner for HP (NYSE:HPQ) in California. The Roundstone team adds great depth and knowledge of both the Bay Area market and HP's most sophisticated servers," said Bruce Acacio, CEO, INFINITE Software.
Roundstone Systems is one of the most respected suppliers of HP Enterprise Server products and services in Northern California. "We have built our business around HP's Enterprise servers and creating long term customer relationships. This concept of working with customers to better understand their complete environment and requirements has provided us with stronger margins and solid numbers," said John Fournier, President, Roundstone Systems. "When we sought a strategic partner, we wanted an organization that is solution-oriented and HP-focused. INFINITE Software just made sense," added Fournier.
Roundstone Systems shall be operated as an independent division of INFINITE Software and anticipates no changes in staffing. The financial terms of the transaction have not been disclosed.
About INFINITE Software Corporation
INFINITE Software is a global provider of software and services for the legacy extension and financial services markets. The company is headquartered in Orange County, CA and operates globally from offices in Asia, North America, South America and Europe. The Company's products are marketed under the brand names INFINITE and LPS. INFINITE Software enjoys over 100,000 installations in 56 countries.
About Roundstone Systems, Incorporated
Roundstone Systems is a leading Information Technology consulting company and provider of comprehensive enterprise infrastructure solutions. Roundstone aligns only principal manufacturers and proven technologies to provide our clients best-in-class solutions. The enterprise infrastructure and business continuity focus of Roundstone allows a concentration on the key technology challenges faced by all organizations.
Safe Harbor Statement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as INFINITE Software or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.