Systems America, Inc. Changes Name to Cloudeeva, Inc. PLEASANTON, Calif., March 21, 2013 (GLOBE NEWSWIRE) -- Systems America, Inc. (OTC:SYAI) ("Systems America" or the "Company"), a premier provider of cloud computing and information technology solutions, is pleased to announce that it has changed its corporate name to Cloudeeva, Inc. ("Cloudeeva") or the "Company"). The Company will also apply for a new ticker symbol with FINRA that will be announced shortly and is currently in process of launching a new corporate website at http://www.cloudeeva.com. The new name reflects the Company's increasing focus on providing cloud-enabled information technology and consulting services that enable organizations to fully leverage the potential of Cloud, Mobility, Infrastructure Management, Business Intelligence, Data Warehousing and Big Data to advance their operational and strategic objectives. "Cloud computing is driving a new cycle of investment in information technology as enterprises seek to capture the benefits of reduced infrastructure, software and maintenance costs coupled with advances in business intelligence and mobile computing," said Adesh Tyagi, Chairman & CEO of Cloudeeva. "Spending on cloud computing increased by 20% in 2012 to $109 billion, according to Gartner, and increasingly customers are interested in an integrated approach to help them achieve the greatest return on that investment." "Industry giants including Amazon Web Services, Rackspace and Verizon Terremark are offering enterprise solutions as a whole new paradigm as to how to store and access data. Cloud-enabled software models including those from Concur Technologies, IBM Cloudburst, Salesforce.com, Oracle Taleo Cloud Service and Workday are transforming the way in which companies access critical business data while dramatically reducing software and maintenance costs," continued Adesh Tyagi. "Our new name, Cloudeeva, consists of two discrete words. The 'cloud' portion reflects our growing expertise in cloud computing and connectivity, a huge market and one where we are uniquely positioned. 'Deeva' is a mythological term that means 'celestial' or 'shining'. When we put the two words together, it conveys our intent to illuminate the cloud space for our customers and to do so with genuine passion," continued Adesh Tyagi. "As a name and brand, Cloudeeva truly captures our presence in the cloud, mobility and IT solutions space. We are currently implementing a new branding strategy which will bring together the company's diverse offerings as well as integrate all of our recent and pending acquisitions under the Cloudeeva brand," said Adesh Tyagi. As part of its rebranding strategy, the Company has introduced a new corporate logo that conveys Cloudeeva's cloud-based smart computing industry solutions capabilities. Also, Cloudeeva's new website, www.cloudeeva.com, promotes the brand and provides a comprehensive overview of the Company's capabilities. Cloudeeva's information technologies solutions cover the cloud computing, social media, mobility, infrastructure management, big data, business intelligence and data warehousing segments.Cloudeeva offers a unique value proposition that integrates complex IT solutions for a diversified array of customers with effective economics due to offshore innovation and service centers.Cloudeeva's 640 employees serve all verticals across all domains with a global client footprint that includes North America, South Asia, the Middle East and North Africa. Cloudeeva maintains two offshore Global Cloud Delivery Centers focused on cloud & mobility development, solutions and support for Fortune 500 Clients and is a certified partner for leading companies including salesforce.com, SAP and Oracle. Cloudeeva also has a track record of supporting cloud-based IT strategies and deployments for a wide range of enterprise customers including Jefferies, Symantec and Tibco Software, to name a few. "As Cloudeeva, we are better positioned to build a brand that will support our expanded services offerings and identify us as a true cloud innovator," said Adesh Tyagi, Chairman & CEO of Cloudeeva. "With our recent acquisition of Bartronics America and a pipeline of additional acquisition targets, our vision is to become a global leader in the cloud, mobility, IT infrastructure management, big data, data warehousing and business intelligence market focused on integrated solutions and services." About Cloudeeva Cloudeeva is a premier provider of diversified cloud computing and information technology solutions to commercial and government clients worldwide. Cloudeeva has US locations in New Jersey and California, and overseas offices in Singapore and India. Cloudeeva delivers superior cloud computing, mobility, infrastructure management, business intelligence and data warehousing services and integration services to hundreds of clients worldwide. Cloudeeva is headquartered in Pleasanton, California, United States. For additional information about Cloudeeva, please visit http://www.cloudeeva.com. Forward-Looking Statements and Safe Harbor Statement: The information provided herein may include forward-looking statements. These forward-looking statements may be identified by the use of terms and phrases such as "anticipates," "believes," "can," "could," "estimates," "expects," "forecasts," "intends," "anticipates", "may," "plans," "projects," "targets," "will," and similar expressions or variations of these terms and similar phrases. These forward-looking statements are largely based on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Such forward-looking statements include, without limitation, projections about our possible future results, statements about our plans, strategies, business prospects, changes and trends in our business and the markets in which we operate. Additionally, statements concerning future matters such as new business models, new products, product enhancements, new technologies, sales levels, expense levels and other statements regarding matters that are not historical are forward-looking statements. Management cautions that these forward-looking statements relate to future events or our future financial performance and are subject to business, economic, regulatory and other risks and uncertainties, both known and unknown, that may cause actual results, levels of activity, performance or achievements of our business or our industry to be materially different from those expressed or implied by any forward-looking statements. There is no certainty or assurance that any prospective events referenced as forward-looking statements will be achieved. The Company undertakes no duty to provide updates with respect to matters disclosed in this press release. © 2013Cloudeeva, Inc. All rights reserved. Other brands featured herein may be trademarks of their respective owners. CONTACT: Cloudeeva, Inc. firstname.lastname@example.org Press Contact: CCG Investor Relations David Rudnick Account Manager 646-626-4172 email@example.com Cloudeeva, Inc. Logo
Systems America, Inc. Changes Name to Cloudeeva, Inc.
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