SemanticSpace Technologies Completes Acquisition of Arsin Corporation.Combined Company to Deliver Full Spectrum of Software Solutions to Its Customers by Leveraging Its Experience and Intellectual Property SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- SemanticSpace Technologies, a leading global software solutions company, announced the completion of its acquisition of Arsin Corporation. Arsin is now a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of SemanticSpace, but will retain its business focus, senior management, expert workforce, and brand identity. The combination of SemanticSpace and Arsin creates a more powerful set of highly scalable service and software offerings for delivering and managing compelling enterprise software solutions, project services, test automation, and quality assurance services Assurance services have been defined by the American Institute of Certified Public Accountants (AICPA) as 'Independent Professional Services that improve information quality or its context'. to Global 2000 companies. "This acquisition creates significant value for our clients and stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. in both companies," said Satya Bolli, Chairman and 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 SemanticSpace. "This strategic acquisition augments SemanticSpace's reliability practice with the test automation capabilities of Arsin. The synergy from the integration of both company's services and software products has great potential. It will benefit clients through new services and expanded capabilities. Technology changes and convergence are shaping a new competitive dynamic and creating tremendous opportunity. Through this acquisition, we are creating a company with greater capability and capacity to seize these opportunities and to maintain our market leadership in design, development, testing and deployment of software solutions." "This business deal brings together two solid, very well-run companies," noted Danis Yadegar, President of Arsin. "Arsin operates in an attractive and growing test automation market with a special focus in SAP. It has a remarkable pool of talent in its employees and an outstanding customer base. It has a strong record of customer service and has in-demand intellectual property holdings. These strengths, added to those of SemanticSpace, will improve our ability to provide innovative services to the clients of both companies." About Arsin Arsin provides innovative enterprise readiness testing and test automation solutions to Global 2000 companies. Arsin has a deep practice in SAP business process testing and markets a SAP regression test library and various other SAP testing solutions to reduce the time to delivery. Arsin clients are from industries that tightly couple information systems to their products and corporate brand. Clients include the industry leaders from 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. , healthcare, high-tech, transportation and others. Arsin has been focused in this area prior to 1995, and is headquartered in Santa Clara, California Santa Clara, California (IPA: /ˌsæntəˈklærə/) , founded in 1777 and incorporated in 1852, is a city in Santa Clara County, in the U.S. state of California. . For more information please visit www.arsin.com or call 408-653-2020. About SemanticSpace Technologies SemanticSpace is a global software solutions conglomerate with a track record of providing enterprise project services, quality assurance services, and software products to Global 2000 companies. SemanticSpace brings realizable value to its customers by combining its technical capabilities, its global delivery model, best practices, and project and portfolio management capabilities. SemanticSpace has a wide array of deployable components and frameworks. These can be readily integrated into customer projects to significantly reduce timelines and effort. SemanticSpace is a privately held corporation Noun 1. privately held corporation - a corporation owned by a few people; shares have no public market close corporation, closed corporation, private corporation with offices in 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. and India. Their North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters are located at 100 Pacifica Ave, Suite 270, Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). 92618. For more information please visit www.semanticspace.com or call 949-789-7332. (c) 2007 SemanticSpace Technologies. Arsin is a registered trademark of SemanticSpace Technologies. Effecta and Effecta Integration Framework are trademarks of SemanticSpace Technologies. All other featured logos and marks are service marks/trademarks of their respective owners. |
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