updated 9/1/2010 11:45:33 AM ET 2010-09-01T15:45:33

LONDON, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Cloud Centric Systems, Inc. (Pink Sheets:CLDR) proudly announces that it has expanded its service offerings and potential revenue streams with the acquisition of VizualMobile, a European-based technology firm. The deal was sealed with a cash/stock agreement which both parties feel will be of mutual benefit toward long-term growth.

VizualMobile is in development of technology that allows firms to manage mobile phone accounts of employees, regardless of their platform/carrier. "The customer would simply use a web-based application to pull data such as usage, geo-location, SMS frequency and so much more," according to CLDR CEO David Lovatt. "It will also allow you to manage the devices in terms of remotely wiping the devices, sending messages to the device, integrating the platform with useful tools among any select group of users and encrypting data therein."

According to ABI Research, "Smartphone security is becoming increasingly important, as business information and personal information moves from the PC onto handheld storage. Anti-virus client applications are available for most high-level operating systems today, and mobile device management services are offering comprehensive services with remote lock/wipe functions, firewalls, virus protection, and backup. Mobile security services revenue growth exceeded 40% in 2009, driven by enterprise IT managers looking to safeguard corporate data, and regulatory requirements to protect sensitive personal and financial information."

Cloud Centric Execs are confident that the acquisition is both timely, profitable and in line with current corporate trends and technological advances. According to Sales and Marketing.com, mobility expenses are becoming increasingly comparable to an employer's costs in providing health insurance for an employee. Lovatt feels this increase "will continue to have a major impact on use of mobile phones as a mobile employee is going to be using a mobile device for more and more. The need for enterprise management is a necessity part of a complete mobility package for companies. They need to be privy to every relevant move, every dime; and Cloud Centric now has the asset to provide this."

The company plans to invest in the software over the coming months and release to beta for marketing thereafter. Lovatt comments, "I believe this is going to be a very big move for Cloud Centric. We have already obtained serious interest from key corporate decision makers who are interested in taking the software on for internal use on their phone asset list."

About Cloud Centric Systems: Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries. For more information, please visit www.cloudcentricsystems.com

Safe Harbor Statement:

The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced components, and various other factors beyond the Company's control.

Release drafted by NMR, LLC

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved


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