Cadmus Gains Software Outsourcing Company

(1888PressRelease) April 14, 2006 -

It has acquired the overseas development division of local Information Technology Company Sky Software. Cadmus has lots of expectation from this big deal. As company itself is an IT Outsourcing firm, its market credit is expected to go up because of this deal. Company Cadmus itself is a big brand name in Brazil as well as globally for Software Outsourcing services. Company is also known for providing the good quality software services around the world. With this deal company is anticipating the 2mn raise in the over all income in the year 2006. This figure comes around (US$937,000) and company is expected to have this much additional revenues in the year 2006 ahead according to the news.

Company Cadmus also stated that this additional revenue would add credit to the overall business of the company. Company indicates that their overall revenue raise figure would come to 44mn in 2006 because of this deal of the company. Company will also have lots of exposure with this deal. Company will be able to gain the access of the existing clients of Sky Software Company. Cadmus already has a wide market presence for IT services globally and this deal would help them in extending their market presence further in Information Technology Industry.

Software Outsourcing Company

As far as Software Outsourcing company acquisition is concerned with the Sky Software, it was shooting from negotiations that started late 2005. Finally Cadmus got success and got the acquisition of Sky Software. Company Cadmus also expects to have many more deals for their IT Outsourcing services this year. Last financial year of the company was also admirable and along with that the company also expects to have a high raise in this current year of 2006 because of this deal. Company’s closed 2005 year with revenues of 32mn raise and in 2006 they are expecting to have the revenue to reach to the figure of 44mn. At present Cadmus is targeting for small and medium-sized companies and organization for acquisition for Software Outsourcing services.

There are lots of reasons for the company to acquire Sky Software Company. The Software Outsourcing department proved appealing because of its capability to offer services to large clients globally for IT Outsourcing service. 

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