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Cyberplex acquires WebAffairs Inc.
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Location: Blogs News |
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| Posted by: ITNovaScotia Admin |
Friday, June 09, 2006 |
TORONTO, June 7 /CNW/ - Cyberplex Inc. (TSX: CX), a North American
technology consulting firm, is pleased to announce the acquisition of
WebAffairs Inc. ("WebAffairs"), a Toronto based Internet solutions and
services company supporting all of its clients creative and technology needs.
"WebAffairs is unique in its ability to offer complex technology
solutions to small and midsized organizations through long term, recurring
licenses." said Geoffrey Rotstein, CEO of Cyberplex. "By using internally
built solutions and interfaces, WebAffairs is able to license technology to
clients on a multi-year basis and provide them with affordable solutions while
building a recurring revenue model."
"We are very excited about the opportunity to join Cyberplex." said Meir
Gluzberg, president of WebAffairs. "After eight years of building our
reputation as a reliable partner for hundreds of organizations, we have a
solid foundation that is poised for growth. The increasing demand for our
services, combined with the skills, experience and resources of Cyberplex will
benefit both existing and new customers."
Further details of the transaction can be found in filings of Cyberplex
at www.sedar.com.
About Cyberplex
Cyberplex Inc. (www.cyberplex.com) is a technology consulting firm
focused on application expertise. The Company's specialized team of management
and technology consultants assists clients with all aspects of their
applications as they enhance, automate and manage technology solutions that
improve business processes.
With over 12 years of experience serving Fortune 1000 clients including
Thomson, Atlantic Lottery Corporation, Advanced Micro Devices (AMD), Bank of
Montreal (BMO), Scotiabank, SunTrust Banks and the Royal Bank of Canada,
Cyberplex is frequently the firm of choice for business leaders looking for
reliable solutions. Cyberplex serves clients across Canada and the US, and is
headquartered in Toronto, Canada with offices in Arlington, Austin and
Halifax.
About WebAffairs
WebAffairs Inc. (www.webaffairs.com) based in Toronto, provides Internet
solutions to companies in Canada and abroad. Established in 1999, it offers a
full-spectrum of creative and technical services to a wide range of
industries. From custom and template website development to Search Engine
Optimization, WebAffairs combines fresh design, open & available
communication, and practical strategies to meet business targets. WebAffairs
also owns and operates ArtAffairs, the leading Internet solutions developer
and business to business portal for the Art and Framing Industry in North
America.
This news release may contain certain forward-looking statements that
reflect the current views and/or expectations of Cyberplex Inc. with respect
to its performance, business and future events. Such statements are subject to
a number of risks, uncertainties and assumptions. Actual results and events
may vary significantly.
For further information: investor@cyberplex.com
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