Richard Davies wrote: The UK has a good crop of technology pioneers in cloud computing - for example ElasticHosts, FlexiScale, Flexiant, OnApp - and also some strong government initiatives such as G-Cloud.
We will have to see whether this kind of technical leadership converts into swift mass-market adoption or not.
LIVINGSTON, N.J., Feb. 15 /PRNewswire-FirstCall/ -- Trey Resources, Inc. (BULLETIN BOARD: TYRIA) announced today that its wholly owned subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software solutions, has signed a letter of intent to acquire selected assets of the Sage Software business of DM Systems, Inc. of Syracuse, NY. Terms were not disclosed.
DM Systems is an important and significant reseller of MAS 90, MAS 200, and MAS 500 in the upstate New York region. Coupled with SWK Technologies' acquisition of AMP-Best in June 2006, SWK is now one of the largest and most substantial VARs in central New York.
Jeffrey D. Roth, SWK Technologies CEO, said, "Through this acquisition, DM Systems will be able to better serve their client base in partnering with SWK which is a full service technology organization. This transaction gives us critical mass, positioning us as one of the largest resellers of Sage Software in the United States. With our management talent, in-house expertise, and Trey's financial resources, we are confident that the combined companies will be able to very rapidly increase sales and earnings."
Roth continued, "As businesses grow and technology needs change, SWK is uniquely qualified to provide a full line of resources and services to facilitate that growth. As a Sage Software Master Developer and Sage Authorized Training Center (ATC), with training centers in Rochester, NY and Livingston, NJ, SWK has the ability to seamlessly integrate new software into existing business processes, and to provide certified training. SWK also offers network services, from Microsoft technologies and data protection to firewall security, remote access, and complete network maintenance such as 24/7 Remote Network/Server Monitoring and Security. We are very excited and very fortunate to be welcoming DM's clients to the SWK family."
Anthony F. Dannible of DM Systems, Inc. stated, "DM Systems is delighted to have found a partner in SWK Technologies. They are the leading Sage Software Select Partner in central New York. From financial, accounting and business management solutions to distribution and warehousing, SWK offers a broad range of software, development and consulting services, and we believe our clients will realize the full value of their IT investment by virtue of this transaction."
About Trey Resources
Trey Resources is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, Trey has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit http://www.treyresources.com/, http://www.swktech.com/, http://www.mapadoc.com/, http://www.amp-best.com/, or contact Trey Resources CEO Mark Meller at (973) 758-9555 or by e-mail at mark.meller@swktech.com. Trey Resources was a recent spin-off of iVoice, Inc. (BULLETIN BOARD: IVOI) .
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to Trey Resources, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.