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Monday, May 16, 2011

Cloud Computing Stock News; IBM and GROUP Business Software AG (OTCBB:GBSX) Sign Cloud Computing Joint Cooperation Agreement

NEW YORK - May 16, 2011 ( cloud computing stocks newswire) � GBS Enterprises Incorporated's (OTCBB:GBSX) subsidiary, GROUP Business Software AG (GBS), signed a joint cooperation agreement with IBM (NYSE:IBM) to provide cloud computing to their enterprise clients in Germany. GBS Enterprises Incorporated owns 50.1% equity interest in GROUP Business Software AG.
The below press release was previously announced by IBM in Germany on April 29, 2011.
April 29, 2011 -- Frankfurt, Germany -- IBM and GROUP Business Software AG (GBS) announced the further expansion of their existing cooperation in the field of cloud computing. The two companies have signed a joint cooperation agreement to address the rapidly expanding market demand for Cloud-Technology solutions in Germany. The primary goal is to better respond to the growing and evolving customer requirements for automated application delivery in clouds and to better manage the complexity of new technologies in heterogeneous environments.
GBS is providing the technology basis with its GROUP Live PaaS cloud platform, while IBM is contributing system integration services, project management and data center operations, in this comprehensive partnership. GROUP Live allows companies to cloud-enable their solutions and to deliver them quickly and fully automated as SaaS applications, significantly improving cost-effectiveness in the deployment and use of these applications.
The two companies will position the resulting solution portfolio with the initial focus on small and medium-sized enterprises while working closely together in the fields of sales, technical services and marketing.
"After we have successfully positioned our cloud platform in the market and already received strong recognition from IBM through a number of awards, we are now looking forward to taking the next step in our relationship", said Constanze Zarth, COO Europe at GBS. "This cooperation at a strategic level is an important milestone for us to open up new ways in the delivery of applications with our joint cloud offering".
"With GBS, we have a long-standing IBM Premium Partner on our side, whose cloud technologies will be of great benefit to customers in the Software-as-a-Service market", says Frank Strecker, Director Cloud Computing, IBM Germany. "At the same time, they will be able to draw on IBM's expertise and secure infrastructure for solutions in the cloud."
About GBS Enterprises, Inc.
GBS Enterprises Incorporated (OTCBB:GBSX) is the 50.1% parent company of Group Business Software AG which is focused on Cloud Computing solutions primarily for the IBM Lotus market. GBS has more than 4,000 customers worldwide with more than 4 million users of their products and services; and has offices in New York, Boston, Atlanta, Toronto, London, Manchester, Copenhagen, and throughout Germany. Its European headquarters is in Frankfurt, Germany and North American headquarters is located in New York City. For more information, please visit The contents of the Company's website are not incorporated by reference into this Press Release.
Caution Concerning Forward-Looking Statements
This release contains statements, which may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or expectations of the Company. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that results may differ materially from such statements.
GROUP Business Software AG:
Marketing and Communications Contact:
Michael Baum, Corporate Communications,
GBS Enterprises Incorporated:
Investor Relations Contact:
Gary MacDonald, EVP and Chief Corporate Development Officer,
Disclosure: GBS Enterprises, Inc. (OTCBB:GBSX) is a paid showcase tech stock, cloud computing stock on (April 2011 - 1500 per month by third party) Disclaimer: Disclosure:

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