Agency Agreements  >  Transfer Agent Agreements  >  Computer Software and Services  >  Agreement Preview
Agreement#: AG-495355
Pages: 3 pages
Format: MS Word, WordPerfect and other RTF formats are supported. MS Word Compatible
Price: $35.00
Click the "Add To Cart" button to download the full agreeement.
Add To Cart


See other similar agreements:

Mission-critical It Outsourcing Solutions

Media Relations: Investor Relations: Michael Bendit William Fischer Infocrossing, Inc. Infocrossing, Inc. 201-840-4780 201-840-4946 mbendit@infocrossing.com wfischer@infocrossing.com ------------------------ -------------------------


INFOCROSSING ACQUIRES AMQUEST FOR $20 MILLION IN CASH


Acquisition Strengthens Infocrossing's Position as a Leader in Providing
Mission-Critical IT Outsourcing Solutions


LEONIA, N.J., February 6, 2002--Infocrossing, Inc. (Nasdaq: IFOX), announced today the acquisition of AmQUEST, Inc., the Atlanta, Georgia based IT outsourcing subsidiary of American Software, Inc. (Nasdaq: AMSWA), for approximately $20 million in cash. The acquisition will combine two highly complimentary businesses and will allow Infocrossing and its customers to benefit from increased scale, enhanced services and expanded geographic reach. The combination strengthens Infocrossing's position as one of the leading providers of IT outsourcing solutions for large to mid-size companies and will enable the Company to continue its aggressive growth strategy. The combined entity is anticipated to have projected 2002 revenue of approximately $50 million, over 200 customers, and a broad array of high-availability mainframe, midrange and open system outsourcing solutions. Infocrossing expects to realize significant cost savings from the combination of the two businesses and expects the acquisition to be accretive in 2002.


"The synergies between Infocrossing and AmQUEST make this an ideal combination," stated Zach Lonstein, Chairman and CEO of Infocrossing. "Greater scale of the combined businesses enables us to cost effectively deploy the latest technology to more customers, yielding improvements in both operations and service offerings. This acquisition also enhances Infocrossing's capabilities in the mid-range computer outsourcing business and strengthens our position in the broader IT outsourcing market."


Infocrossing and AmQUEST provide similar information technology services such as mainframe and open systems outsourcing, business continuity services, and systems and network management. Both companies also serve similar customers - large to mid-sized


enterprises across a broad range of industries including financial services, security, publishing, healthcare, telecommunications and manufacturing.


Roger Barrios, President of AmQUEST, commented, "We are very ...

*End of Preview*
Click the 'Add to Cart' button to download the complete and formatted agreement.