Charlotte, NC; August 13, 2008 — DecisionPoint International, a boutique investment bank providing merger and acquisition services to middle-market services and technology clients, announced today that its clients, eBusiness Applications Solutions, Inc. (“eBAS”), Aveeva, Inc. (“Aveeva”) headquartered in Fremont, CA, and their Indian subsidiary Aviance Software India Private Limited (“Aviance”), headquartered in Bangalore, India, have been acquired by Emtec, Inc. (OCTCBB: ETEC) (“Emtec”). Jessica Chopra, who will remain as President of eBAS and Aveeva reporting directly to Dinesh Desai, Chairman, CEO, and President of Emtec said, “I’m excited to be a part of the growth of Emtec Global Services and provide its first offshore capability.”
Aveeva and eBAS offer a broad range of software consulting services, including business analysis, quality assurance, testing, and training as well as SAP, CRM, Oracle Apps, and Java based solutions. They are an SAP Services Partner which offers many opportunities for SAP Implementation, Consulting, Value-Added Services, and Federal and State ERP implementations. Specific capabilities include Turn-key Project Executions, Compliance Management, Business Process Management, Off-shore, On-shore and Near-shore Software Development, QA Automation and Maintenance. Their clients span a wide range of vertical markets including Banking, Financial Services and Insurance, Retail, Healthcare, and Technology. Aveeva and eBAS deploy over 300 consultants, many with Masters Degrees in Computer Science. They have deep experience in these and other applications supplemented by strong domain knowledge in various market segments.
“With this acquisition we have accelerated the growth of Emtec Global Services that we began with the acquisition of Luceo, Inc. in March of this year. Also importantly, we now have over 400 consultants with a coast to coast presence and global delivery capability,” said Dinesh Desai, Emtec Chairman, CEO, and President. “This greatly enhances the software service capability of Emtec Global Services and continues to complement the enterprise infrastructure services provided by our Emtec Systems Division, includingEmtec Federal.”
About Emtec, Inc.
Emtec, Inc. established in 1964, is an information technology company, providing services and products to the federal, state, local, education and commercial markets. Areas of specific practices include enterprise architecture, data management, data center infrastructure and consulting and integration services.
About Luceo, Inc.
Luceo, Inc. is an IT Services and consulting enterprise offering a wide array of customer-centric solutions. Areas of specific expertise include SAP, Java/J2EE, Microsoft, Oracle and UNIX based solutions; Systems Admin, and Data Warehousing.
About eBAS, Inc., Aveeva, Inc., and Aviance Software India Private Limited
eBAS, Inc., Aveeva, Inc. and Aviance Software India Private Limited provide software consulting services across a range of areas including business analysis, quality assurance, testing, and training as well as SAP, CRM, Oracle Apps, and Java based solutions. Areas of specific vertical expertise include Banking, Financial Services and Insurance, Retail, Healthcare, and Technology.
DecisionPoint is a global leader in M&A advisory services for middle-market technology companies in the services, software, and communication sectors. For additional information on DecisionPoint, visit www.DecisionPointINT.com.
For further information, contact: Doug Ellis, Managing Partner; (704) 916-9070; DEllis@DecisionPointINT.com.