SOURCE: Zolon Corporation

May 17, 2011 08:30 ET

Quadrant 4 Systems Corporation Completes Acquisition and Integration of Its Solutions Unit

ROLLING MEADOWS, IL--(Marketwire - May 17, 2011) - Quadrant 4 Systems Corporation (Quadrant) (OTCBB: ZLON) -- formerly known as Zolon Corporation -- announced that the Company has successfully completed the acquisition and integration of MGL Solutions, Inc., now renamed as Quadrant 4 Solutions, Inc. (Q4S) to its global operations. Quadrant acquired Q4S assets effective March 1, 2011.

Quadrant 4 Solutions delivers complete end to end IT projects in the Manufacturing, Media, Retail, Healthcare and Services sectors. Q4S has been delivering IT solutions to several Fortune 100 clients in the US under multiyear contracts with its clients. Focus areas for Q4S includes Business Intelligence and ERP solutions involving Microsoft, Oracle and SAP technologies. The Company acquired many strategic client relationships with about 100 employees in the US, about 300 employees in India, along with CMM Level 5 certified development and delivery infrastructure. Many of the current clients have been with Q4S for over a decade.

Quadrant 4 Solutions delivers full suite SAP and Oracle ERP implementation, customization, upgrade and maintenance for the manufacturing clients; e-commerce, web development and maintenance for its media clients; store management, point of sale and pharmacy systems development, testing and maintenance to its retail clients; cross-platform integration, development and maintenance of large scale systems for its payroll services clients; and global vaccine distribution and control systems' development, testing and maintenance for its pharmaceutical client. Software architecture, build-out, testing, deployment to production and maintenance services are provided via a global delivery model that includes onsite, off-site and off-shore locales and development methodologies such as Scrum and Agile. Quadrant 4 utilizes all available technology platforms such as legacy, Microsoft, Java and Open systems suitable for mainframes to cloud computing environments. Quadrant 4 also runs competency centers in the areas of business intelligence, data warehousing, benefits administration, bolt-on products for SAP and Oracle ERP platforms, and e-commerce and point of sale systems.

The Solutions unit will add about 16M in revenues and approximately 4M in EBIT to its parent, Quadrant 4 Systems. "This is an exciting addition to the Quadrant platform. Building a scalable, mature and CMM Level 5 Certified development platform in India from scratch takes long time. We have inherited a great launching pad with this transaction and it will allow us to cross- and up-sell offshore services to our current clients," said Dr. Nandu Thondavadi, CEO of Quadrant 4 Systems. "This platform will also be critical to our future acquisitions that bring marquee client relationships, but lack a global delivery platform," said Dhru Desai, Chairman of the Board.

About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT enabled and managed services sector and cloud based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.

Forward-Looking Statements
This release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.

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