updated 3/10/2011 6:45:24 AM ET 2011-03-10T11:45:24

CANTON, Ga., March 9, 2011 (GLOBE NEWSWIRE) -- GBS Enterprises, Inc. (OTCBB:GBSX) announced today that Group Business Software ("GROUP"), the world's largest provider of business solutions built on IBM's Lotus software, and Synaptris, the global leader in information management for IBM's Lotus Notes & Domino platform today announced that they have signed a strategic global reseller agreement. GROUP is a majority owned subsidiary of GBS Enterprises, Inc.                             

Under the terms of the agreement, GROUP will add FewClix, Synaptris' email productivity solution for Lotus Notes to its portfolio of software.  FewClix is an email productivity application for Lotus Notes that completely changes the corporate email paradigm.  FewClix gives Lotus Notes email users an easy and intuitive way to quickly prioritize and find any email they are looking for in their mailbox or archives.  It is tailored to meet the unique needs of the enterprise market and delivers improved efficiency and productivity to email users.

"The addition of Synaptris' FewClix to our portfolio enables us to consolidate our current capabilities in the business critical area of enterprise productivity by adding a new set of end user capabilities," said Jorg Ott, GROUP's CEO and Chairman. Today's announcement is synergistic with GROUP's business strategy given Synaptris' market leadership in information management solutions and GROUP's domain expertise and focus on the overall Lotus & Domino market." 

"The agreement with GROUP enables Synaptris to significantly expand our market presence and our ability to address a larger part of the Lotus Notes email client market, estimated to be 145 million users," said Madan S. Kumar, CEO, Synaptris. "GROUP's focus on the Lotus Notes messaging and collaboration space makes it an ideal partnership and aids in rapidly increasing the addressed market for FewClix. Synaptris will also benefit from GROUP's breadth and depth of experience in serving the Lotus Notes market and its global reach."

About Group Business Software

GROUP, founded in 1992, is the worldwide leader for solutions built on and for IBM Lotus software. The Company boasts more than 4,000 customers worldwide with more than 4 million users of their products and services.  GBS has 12 locations across North America, eastern and central Europe and the United Kingdom.  The Company employs over 150 people in Europe and 70 in North America. Its European headquarters is in Frankfurt, Germany and North American headquarters is located in Canton, GA. For more information please visit http://www.gbs.com.

About Synaptris


Synaptris is a leading player in the information management market and delivers award-winning "flexible" and "user-driven" reporting, dashboards and analysis solutions that have been recognized for industry-leading innovation and ease-of-use. Synaptris has over 2300 customers across 80 countries and is headquartered in San Jose with offices in New York, London, Sofia and Chennai. Synaptris is venture backed by SAIF Partners, a leading Private Equity firm with over $2 billion under management. For more information please visit http://www.synaptris.com

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

© Copyright 2012, GlobeNewswire, Inc. All Rights Reserved

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com