ROLLING MEADOWS, IL--(Marketwire - Feb 14, 2013) - Quadrant 4 Systems Corporation (OTCQB: QFOR) today announced The Board of Directors of (Q4) has approved an internal operational reorganization of the Company's assets and operations into four (4) operating subsidiaries named Q4 Cloud; Q4 Solutions; Q4 Mobility and Q4 Health, using descriptive names for the entities to describe the primary focus of each entity. The Company intends to develop branding identities for each entity. Corporate formations for each entity are expected to be completed within the next 30 days.
Dhru Desai, Executive Chairman of the board, commented, "Over last 12 months Q4 has been making significant bets on R&D in developing proprietary platform technologies involving social, mobile, big data analytics and cloud (SMAC). Heading into 2013 we see the disruption from these four forces creating a huge market opportunity for Q4 as provider of end-to-end solutions to main stream IT buyers and enable them to efficiently adopt a SMAC strategy. We are witnessing a significant adoption of SMAC technologies among our enterprise clients across Q4's vertical industry focus areas -- Healthcare, Retail, Financial Services and Logistics -- and we are responding to a need in the market place to provide a blend of implementation services and SaaS platform involving SMAC. We believe our efforts to reorganize the business along these lines will result into a more focused approach at deploying Q4's proprietary solution."
"Based on this internal restructuring, the Company has undertaken discussions with certain acquisition targets of assets, business opportunities and operating companies to expand its operations in each of the four market segments. It is anticipated that at least two significant acquisitions in furtherance of this business model will be announced within the next thirty (30) days."
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of product solutions, consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on the Healthcare, Financial Services, IT Consulting, and Retail sectors. The company plans to enhance it positions and technical strength through acquisition of other 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.
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.