Systems
America, Inc. (OTC: SYAI) (the "Systems America"), a premier
provider of cloud computing and
information technology solutions, announced today the acquisition of SAP
channel partner, Mile5 Solutions LLC ("Mile5 Solutions"). Mile5
Solutions has built a strong pipeline of over $23 million to be generated from
software sales and services business.
Strategic Rationale
This acquisition of Mile5 Solutions, based in Irvine,
California, further strengthens Systems America's business model to sharply
focus on select industries and achieve market leadership by creating best in
class practices/offerings that help customers achieve their operational and
strategic objectives.
This transaction is in line with Systems America's
stated growth strategy and is expected to result in greater efficiencies and
increased market share. Key Highlights: Accelerates Growth, Reinforces
current Cloud and Mobile strengths, provides a head start into an adjacent
vertical.
Impact of acquisition on Mile5 Solutions: Expand
vertical reach and Extend Global Presence.
Read more: http://goo.gl/cPvKM
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