SOURCE: Code Rebel Corporation

Code Rebel Corporation

July 28, 2015 08:42 ET

Code Rebel to Acquire ThinOps Resources LLC

MAUI, HI and NEW YORK, NY--(Marketwired - Jul 28, 2015) - Code Rebel Corp. (NASDAQ: CDRB), an enterprise software development firm that licenses its proprietary software solution to enable simplified secure access and communications between PC and Mac environments on virtually any computer, tablet, or smartphone, announced today that it has entered into a definitive purchase agreement under which Code Rebel will acquire all of the outstanding membership interests of ThinOps Resources LLC for a combination of cash and stock valued at $9.25 million. ThinOps Resources is a management and technology consulting services firm based in Houston, Texas, which had revenue of over $2 million in 2015. The acquisition is subject to customary closing conditions and is expected to close by July 31, 2015.

ThinOps Resources offers management and technology consulting services to help organizations maximize the business value of their technology investments by meeting the increasing demand for simplified secure remote access to their applications and information.

"By acquiring ThinOps Resources we both expand our distribution channels and the range of services we can provide to our customers," says Arben Kryeziu, CEO of Code Rebel. "We will be able to offer a greater range of expertly tailored consulting services and generous support for multiple technologies, strengthening the tie between our product and our customers as we grow globally."

By acquiring ThinOps Resources, Code Rebel adds to its in-house sales and project support team, which will allow Code Rebel to keep pace with the increasing rate of its deployments as it expands its distribution channels domestically and globally. "ThinOps Resources project support team has the exact knowledge, background, and expertise we need to support our current enterprise Mac solution deployments. Adding them to our team helps us advance our mission immensely," Kryeziu says.

"Our mission has always been to consistently bring innovative approaches and solutions to our clients. By joining Code Rebel we can now provide them innovative software solutions in addition to our professional services offerings," said Tom Moreno, President of ThinOps Resources, regarding the acquisition by Code Rebel.

About ThinOps

ThinOps Resources provides products and services to a wide variety of organizations from leading academic institutions and healthcare organizations to many Fortune 500 companies located around the country and abroad. In the consulting business, having a true understanding of the client needs only comes from experienced people that have "earned their experience." Our service offerings focus on understanding our client's needs and providing them a focused roadmap and supporting plan on how to bridge the gap between business theory and business reality.

About Code Rebel

Code Rebel is an enterprise software company that develops, licenses, and supports software designed for cross-platform enterprise security and productivity. The proprietary Code Rebel iRAPP software addresses the growing requirement of corporate IT departments for secure access from diverse enterprise devices. Code Rebel software was developed by its in-house engineering team to address the demand for secure interoperability between mobile, desktop, and server environments and interaction between Apple and Microsoft devices and software. Code Rebel software facilitates mobile, desktop, and server environment interoperability seamlessly across Apple and Microsoft devices and software. The company provides enterprise client support for its software to a diverse range of industries. For more information visit:

Forward-Looking Statements

This press release contains information about Code Rebel's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of software and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Code Rebel encourages you to review other factors that may affect its future results in Code Rebel's registration statement and in its other filings with the Securities and Exchange Commission.

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