Datamatics Global Services Creates Joint Venture With CIGNEX Technologies, Inc

Top Quote The Joint Venture will market innovative, next-generation Open Source solutions to enterprises globally. End Quote
  • (1888PressRelease) July 25, 2010 - Mumbai (India) / Santa Clara (USA): Datamatics Global Services, Inc., the U.S. subsidiary of Datamatics Global Services Limited (BSE: 532528; NSE: DATAMATICS) , provider of smart, artificial intelligence-enabled next-generation solutions that address the customers' business challenges, and CIGNEX Technologies, Inc. the U.S. subsidiary of CIGNEX Global Holding Corporation, provider of commercial Open Source solutions globally, today announced the creation of a Joint Venture called "Datamatics CIGNEX, LLC".

    Joint Venture named Datamatics CIGNEX, LLC to leverage both companies' strengths to deliver higher value to customers
    New entity will go to market with innovative, next-generation Open Source solutions

    Rahul Kanodia, Vice Chairman and Chief Executive Officer, Datamatics Global Services Limited, said, "The economic turmoil has highlighted the benefits of Open Source software, which offers credible alternatives to high-cost, proprietary enterprise applications at a fraction of the cost without recurring high upgrade and maintenance costs of enterprise applications. This Joint Venture will leverage the domain and technology strengths of both organizations to address the business challenges of customers worldwide."

    Jeff Colvin, Chief Executive Officer of CIGNEX, highlighted "Both Datamatics and CIGNEX are very excited about this JV. The economic recession over the past 18 months has increased the demand for reducing Total Cost of Ownership (TCO) while rolling out new IT systems. The JV is a very effective mechanism to extend the commercial Open Source relationships and expertise of CIGNEX to the clients of Datamatics. Over the last ten years, CIGNEX has been helping customers experience savings in TCO of up to 90% by adopting commercial Open Source solutions. Datamatics, with its focus on driving business efficiency & productivity is an ideal partner for us due to our shared belief on adding value to our customers."

    Editorial Contact:
    Brian Lobo, brian.lobo ( @ ) datamatics dot com
    Dave Malhotra, dave.malhotra ( @ ) cignex dot com

    About Datamatics Global Services:
    Datamatics Global Services delivers smart, next-generation solutions that address the customers' business challenges. The company delivers such solutions leveraging Artificial Intelligence. With customers increasingly demanding smart solutions to improve operational efficiency, faster time-to-market, higher employee productivity and maximized customer satisfaction, Datamatics has focused on developing smart and next-generation solutions to meet these market needs. Datamatics is certified for ISO 9001-2008, ISO 27001 and SAS 70, and has been assessed at SEI CMMi - Level 5 (QAI), P-CMM - Level 5 (QAI). Datamatics is the first & only Indian services provider to win the International Asia Pacific Quality Award.

    About CIGNEX:
    CIGNEX Global Holding Corporation has been the global leader in commercial Open Source solutions for over 10 years providing solutions across Web Content Management, Portals & Social Collaboration, e-commerce, Digital Asset Management, Documents & Records Management, Business Process Management, Business Intelligence, ERP & CRM and SOA. CIGNEX, by deploying commercial Open Source solutions, focuses on addressing key challenges faced by CIOs today (a) integrating Open Source solutions with existing Line of business solutions, (b) managing the contradictory demands of reducing IT spend while rolling out new solutions.

    Headquartered in Santa Clara, CA with offices in Colorado, Florida, Michigan, Texas, New Jersey, United Kingdom, India, Singapore, Malaysia and Thailand and 325+ employees, CIGNEX has helped in improving client profitability by delivering commercial Open Source solutions to over 150 global customers.

    Safe Harbour:
    Some of the statements in this update that are not historical facts are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

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