SOURCE: Compushare, Inc.

Compushare

January 18, 2011 12:49 ET

Compushare, Inc. Acquires Virtual Empowerment, Architects of a Secure Computing Platform

The Acquisition Will Provide Compushare Clients Access to an Enhanced Platform for Hosted, Cloud-Delivered Legacy Applications

SANTA ANA, CA--(Marketwire - January 18, 2011) - Compushare, the largest nationwide Financial Technology Management Company, announced the acquisition of Virtual Empowerment, a Dallas-based technology company who developed a platform to web enable legacy financial applications. Virtual Empowerment, using proprietary and industry-standard tools, technology and processes, specializes in allowing end users to access their financial applications through a secure cloud using any device including tablets and mobile phones. Providing this high level of application support will allow Compushare clients the flexibility to adopt cloud-delivered applications now and enjoy all the cost savings and technology efficiencies provided through the cloud.

James Ewing, Virtual Empowerment's CEO, will join Compushare as a key member of its Product Development Team. Mr. Ewing has over 15 years of experience in Information Technology (IT) leadership and technology development with a focus on cloud-based hosted IT solutions and Data Center virtualization.

Romir Bosu, Compushare's CEO, stated, "Historically, when Compushare has made acquisitions, we focused on acquiring companies that would allow Compushare to gain client and market presence. The decision to acquire Virtual Empowerment was based on their leading technology and expertise in designing platforms for hosted applications which will be beneficial to our clients as they move to next generation environments. It is our mission to provide our clients with best of breed solutions, and with the experience of James and his team, we are very well equipped to support and provide guidance for our clients while they make the transition into the fully hosted environments."

"I was excited to find a company like Compushare who recognized the need to lead the financial industry in the move toward a hosted technology platform. Virtual Empowerment has had success in assisting companies deploy next generation architectures, but it is exciting to be able to take our expertise and join a growing national company and its hundreds of clients, helping clients realize the cost and efficiency benefits they can gain from a hosted platform," stated James Ewing.

Compushare's hosted financial application environment will be the first in the industry to offer GLBA certified shared and private clouds to the sector.

About Compushare

Compushare is the leading technology provider in the market place that truly applies an intimate understanding of the business processes, technology considerations and risk management concerns of financial services organizations. We offer a dedicated financial industry focus with more than 15 years of technology experience supporting over 800 clients nationwide.

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