Ifinix Acquires R&B Computer Systems Inc. and R&B Software Solutions Pvt. Ltd. in India.GARDEN CITY, N.Y. -- Acquisition Enhances Company's Services Portfolio for the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Software Development and Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. Communities Ifinix Corp. (Pink Sheets:IFNI) announced today that it has acquired two experienced providers of technology solutions and services. The first acquisition is R&B Computer Systems Inc., a network solution provider and systems integrator An individual or organization that builds systems from a variety of diverse components. With increasing complexity of technology, more customers want complete solutions to information problems, requiring hardware, software and networking expertise in a multivendor environment. to numerous financial institutions and the second acquisition is R&B Software Solutions Pvt. in Banglore, India, a software development and website design company. "We see a tremendous opportunity to address the growth in the IT services business in United State through the acquisition of RBCS RBCS Red Book Credit Services RBCS Remote Bar Coding System RBCS Reading Blue Coat School RBCS Remote Bar Code Sorter RBCS Revised Battlefield Communications System ," said Douglas Spadaro, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ifinix. "RBCS brings the expertise, intellectual capital and complementary service culture that will allow us to quickly increase our presence in United States' booming e-business market." "RBCS adds an important new dimension to our portfolio of repeatable financial solutions," said Drew Budhu, CEO, R&B Computer Systems. "RBCS' thorough knowledge of Wall Street's technology needs, based on over a decade of experience developing applications for major market players, combined with their popular analytic libraries, significantly extends Ifinix product offerings in the capital-market arena." Ifinix Ifinix is a diversified diversified (di·verˑ·s information technology services and solutions company. Our people combine expertise in systems integration, outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , infrastructure, server technology and consulting with precision thinking and relentless execution to help clients. Ifinix is a leading global provider of financial and business information to professionals and active individual investors. Building on a 20-year legacy of delivering time-sensitive financial information, Ifinix provides streaming, real-time market data, news and analytics. The company's suite of products includes Phoenix Pro, the Phoenix Market Scanner, Phoenix Analyst and Efinix. For more information, visit http://www.ifinix.com About R&B Computer Systems Inc. Headquartered in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , R&B Computer Systems Inc. is a global consulting and technology services company specializing in industry-specific solutions, strategic outsourcing and integration services. Clients gain competitive advantage by leveraging our unique on-site, offsite, offshore delivery capability to achieve rapid deployment, world-class quality and reduced costs. RBCS is also known for application maintenance and development outsourcing in the healthcare, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , retail and distribution, manufacturing, telecommunications, and high-tech industries. For more information, please visit http://www.r-bcomputer.com About R&B Software Solutions Pvt Ltd. We provide comprehensive IT solutions and services, including systems integration, information systems outsourcing, package implementation, software application development and maintenance, and research and development services to corporations globally. In the Indian market, we are a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. For more information, please visit http://www.rbss.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement: Statements in this press release concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses or other financial items, and network or service offering growth, together with other statements that are not historical facts, are "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " as that term is defined under the Federal Securities Laws. Any forward-looking statements are estimates, reflecting the best judgment of the party making such statements based upon currently available information and involve a number of risks and uncertainties, including the timing of any expansion of the Company's database, and other factors which could cause actual results to differ materially from those stated in such statements. Risks, uncertainties and factors which could affect the accuracy of such forward-looking statements are identified in the public filings made by the Company with the Securities and Exchange Commission, and forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors. |
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