January 21, 2008
Zolon Tech Solutions, Inc. Completes Successful Separation From Zolon Tech, Inc.
This morning, Zolon Tech Solutions, Inc. (http://www.zolon.com), a minority-owned, global provider of IT services, announced it has successfully completed the spinout of Zolon Tech Solutions, Inc. from Zolon Tech, Inc. (ZTI). Zolon Tech Solutions, Inc. will continue to provide IT consulting and full-lifecycle application outsourcing services to Global 2000 and high-growth mid-market companies in the commercial sector.
"We are excited about the conclusion of our demerger which commenced almost one year ago," said Goutham Amarneni, CEO of Zolon Tech Solutions, Inc. "This will allow the commercial and federal IT business units that comprised Zolon Tech, Inc. to focus even more on their respective practice areas. These are very different market segments and the formation of two separate companies to address each of these diverse market segments ensures that we will maintain the superior level of service to which our customers have become accustomed."
"The individual practice areas have grown dramatically over the past 18 months," added Doug Stokes, President of Zolon Tech Solutions, Inc. "Last year alone, our commercial sector business grew by nearly 50 percent. Moving forward, we'll be able to provide the commercial sector an even wider range of application management solutions that leverage distributed global delivery."
"We are excited to have completed the demerger," said Ram Mattapalli, CEO of ZTI. "Now that Zolon Tech Solutions, Inc. and ZTI are separate companies, ZTI can focus exclusively on its core business of providing IT solutions to the federal government sector."
About Zolon Tech Solutions, Inc.
Zolon Tech Solutions, Inc. is a global, minority-owned IT services company that helps its customers maximize their investments in technology and achieve sustainable IT performance. Zolon provides full-lifecycle application outsourcing and IT consulting services across a broad range of industries, including Communications, Financial Services, Insurance, Healthcare, and Supply Chain. Zolon delivers its solutions through a unique Flexible Engagement Model™ to facilitate best-of-breed provisioning of IT services that align with the businesses they support. Zolon also optimizes enterprise applications--SAP, Oracle and Lawson--and helps its customers leverage technologies like SOA and virtualization to ensure seamless business process integration across the enterprise. Headquartered in the technology corridor of the Washington D.C. metropolitan area, Zolon has field offices in Chicago, Dallas and New York and a Global Delivery Center in Hyderabad, India. For more information, please visit Zolon at www.zolon.com.
About Zolon Tech, Inc.
Zolon Tech, Inc. (ZTI) is an SBA Section 8(a)-certified supplier of IT solutions to the federal government. ZTI's delivery processes are assessed at Maturity Level 3 of the Software Engineering Institute's Capability Maturity Model Integrated (SEI-CMMI ML3) and its quality management system is registered ISO 9001:2000. ZTI's SEI-CMMI ML3 assessment also uses the more rigorous SCAMPI Class A appraisal method, which is the most rigorous of the Software Engineering Institute's process appraisal methods. ZTI has the unique distinction of being one of only five 8(a) firms that possesses both a SEI-CMMI ML3 assessment and ISO 9001:2000 registration. For more information, please visit ZTI at www.zolontech.com.