NEW YORK, Sept. 28, 2011 (GLOBE NEWSWIRE) -- GBS Enterprises Incorporated (OTCBB:GBSX), a global software and services company specializing in cloud automation, application modernization, and a comprehensive portfolio of business applications, announced today that it has acquired Synaptris, a privately held company headquartered in San Jose, CA. Synaptris' product portfolio improves corporate decision-making by providing real-time enterprise reporting, user defined dashboards, and comprehensive analytic capabilities for Lotus Notes / Domino and Java/.NET environments. Synaptris employs 70 people and has operations in the US, Europe, and India, with over 2,500 customers in 80 countries, including over one hundred Fortune 1000 companies. Some of their client companies include ABB, Goodyear Tire and Rubber, Standard Life Insurance, ABN Amro Bank, Dunlop, Caterpillar, Philips International BV, and Electrolux.
With the integration of the Synaptris product portfolio, GBS adds another tier of Lotus Notes applications including reporting products, advanced dashboards, and email productivity solutions. Additionally, the Synaptris acquisition brings a comprehensive search engine specialized for use with email that is faster and easier to use than other products in the market and which is expected to be made available for XPage applications in the near future through the GBS Transformer. The GBS Transformer is the only technology in the marketplace that can convert any legacy Lotus Notes applications into a cloud ready format. There are over 18 million Lotus Notes applications worldwide.
In addition to product synergy and additional revenue streams, GBS derives operational synergy from this acquisition. Synaptris' presence in India is anticipated to accelerate GBS's plan to expand its Development & Service Center operations for its Transformer 2.0 suite in India. Transformer 2.0 expedites the conversion of client-based applications to Web 2.0-based applications. The Development & Service Center should further enable GBS a cost-effective method to rapidly transform (web-enable) large volumes of Lotus Notes applications. In addition, GBS plans to leverage Synaptris' 135 channel partners spanning 45 countries to expand its existing worldwide network of partners.
"By leveraging Synaptris' experience and presence in the Asia-Pacific region we anticipate being well positioned for significant revenue opportunities in that market," says Joerg Ott, CEO of GBS Enterprises. "With Synaptris, we gain a mature and scalable product development presence in India, which should enable us to rapidly expand our technology, support, and business operations. And Synaptris' award-winning search and reporting offerings will add new capabilities to GBS' Transformer technology."
"This acquisition is a culmination of the mutual synergies between our businesses," said Madan S. Kumar, CEO, of Synaptris. "The merger provides a significantly expanded market and revenue opportunity for our product offerings. As part of GBS Enterprises, we can deliver a broader range of solutions to our customers, including Transformer 2.0, GROUP Live cloud computing, and a complete range of hosting services and options."
Synaptris' product portfolio includes IntelliVIEW, IntelliPRINT and FewClix. Synaptris has won multiple awards for their technology innovation and end-user experience, as well as 25 specific vertical solutions.
About GBS Enterprises Incorporated
GBS Enterprises Incorporated (OTCBB:GBSX) is the 50.1% parent company of Group Business Software (GBS), a global software and services company specializing in cloud automation. The company serves to: automate business processes; optimize system & application performance; ensure messaging security & compliance; modernize server-based applications to Web 2.0; and simplify application development & delivery.
Strong customer allegiance paired with a diversified portfolio of powerful business solutions place GBS at the forefront of the market in terms of both revenue growth and profitability. GBS has won many awards for its innovations, as well as resources spanning five time zones.
GBS has over 4,000 customers worldwide with over 4 million users of its products and services. Its North American headquarters is in New York City and its European headquarters is in Frankfurt, Germany. There are over 15 offices throughout North America and Europe. For more information, please visit www.gbs.com. The contents of the website are not incorporated by reference into this press release
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