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Thursday, April 14, 2011

Cloud Computing Stock News; GBS Enterprises (OTCBB:GBSX) Acquires PAVONE AG, a Leading Provider of Business Process Management Technologies for the IBM Lotus Platforms

FRANKFURT, Germany - April 14, 2011 (Investorideas.com cloud computing stocks newswire) � GBS Enterprises, Inc. (OTCBB:GBSX) announced today the acquisition of PAVONE AG, a leader in business process management and optimization technologies. PAVONE's extensive workflow software for Lotus Notes and Domino along with their large customer base is well suited to GBS Enterprises portfolio strategy. This acquisition of PAVONE complements GBS's majority ownership in Group Business Software (GBS), and further strengthens their leading industry position on the IBM Lotus Platforms and expands their cloud computing technology offerings beyond the IBM Lotus market.
"By joining the family of GBS Enterprise companies allows our customers a broader range of support and technology options in North America and Europe," says Professor Ludwig Nastansky, PhD, Chairman of the Board of PAVONE AG. "This will allow us to increase our R&D investment in areas of cloud computing, mobility, email and CRM management, and analytics."
In his comments Joerg Ott, Chairman and CEO of GBS Enterprises, said that: "PAVONE is a strong and well timed addition to GBS. This acquisition brings us technology, a synergistic customer base and more than 40 employees spanning engineering, sales and services. PAVONE provides GBS with an excellent workflow technology to incorporate into our Lotus offerings, plus PAVONE Live is a workflow engine that can be utilized beyond the Lotus market as a cloud based solution on demand which is ideal for GBS's cloud technology offerings." Joerg also mentioned that "GBS will be able to extend its footprint in banking and insurance and have access to a new supplier vertical. In addition to their great software and extensive customer base, we get great people with the specific skills sets we need to drive the company forward." Ott noted too that GBS Experts, the consulting services group at GBS, will now be able to leverage the workflow engine in any of their custom development engagements.
PAVONE currently has offices in Germany and the UK. They have over 2,500 customers and over 150,000 users worldwide. Some of their customers include Deutsche Bundes Bank, BMW, Linde AG, Philips, British Sugar and Mahle Industries.
About GBS Enterprises, Inc.
GBS Enterprises, Inc. is the parent company of Group Business Software (GBS) which provides a portfolio of Cloud Computing software technologies and Application Services to address the needs of private enterprises, Data Center providers, ISV's, OEM's as well as government organizations. GBS caters primarily to mid-market and enterprise B2B size organizations. GBS has over 3,500 customers in thirty-eight countries spanning four continents, representing more than 5,000,000 active users of its products.
Safe Harbor Statement
This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors.
Contact:
Gary MacDonald
EVP and Chief Corporate Development Officer
GBS Enterprises, Incorporated
+1.917.477.9509
gmacdonald@gbsx.us
Disclosure: GBS Enterprises, Inc. (OTCBB:GBSX) is a paid showcase tech stock, cloud computing stock on Investorideas.com (April 2011 - 1500 per month by third party)
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