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NR Software Systems Acquires Hostmania From Net Sentry Corp.
September 1, 2003
Los Angeles, CA - September 1, 2003 - NR Software Systems, Inc., a leading provider of e-business solutions, announces the successful acquisition of Hostmania from Mechanicsville, VA based company, Net Sentry Corp. This recent acquisition opens a new avenue into the wholesale and self-managed services market. Hostmania will function as a separate business entity dedicated to bringing self-managed dedicated servers and colocation services into NR Software's service offerings. Under the NR Software umbrella of companies, Hostmania will continue to execute independent strategies and provide greater focus on it's opportunities, while still benefiting from the resources of the well established and profitable background of NR Software.
"Hostmania will allow us to complete the full spectrum of solutions we are able to offer clients." said NR Software's Katy So. "This company presents an opportunity for rapid growth into the wholesale services and bandwidth market - where we have traditionally had very little presence."
This recent acquisition will allow NR software to ultimately expand its suite of services to wholesale bandwidth and ISP Services. By having the full gamut of solutions for both managed and self-managed solutions, clients will find the custom solution they require. With the recent success of ColoMAX as a Managed Services Provider, the acquisition of Hostmania, will allow NR Software looks to meet the growing market.
NR Software's core focus has always been building custom applications and IT solutions development. Hostmania will maintain their business infrastructure and core focus will remain centered around hosting, dedicated servers and colocation services for customers that require little to no server management. Both companies remain committed to achieve market excellence in all business solutions that they provide. Furthermore, each company can maintain the quality and security of their respective brand.
This press release contains forward-looking statements. Actual results may differ materially due to a number of risks, including: the technological and operational challenges of developing, deploying and delivering NR Software's services. NR Software does not assume any obligation to update the forward-looking information contained in this press release. All information set forth in this release is as of the date listed, and NR Software Systems, Inc. undertakes no duty to update this information.
The statements contained in this press release that are not purely historical, such as statements relating to the emergence of a market for hosted applications and the potential benefits of hosted applications, are forward looking statements within the meaning of section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the company's expectations, beliefs, hopes, intention or strategies regarding the future.
NR Software and NR Software Systems are trademarks of NR Software Systems, Inc., and may be registered in certain jurisdictions. All other trademarks mentioned in this document are the property of their respective owners.
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