Quadrant 4 Systems Corporation Releases Cloud Enabled Capital Markets Platform
February 02 2012 - 9:00AM
Marketwired
Quadrant 4 Systems Corporation (Quadrant) (OTCQB: QFOR) (OTCBB:
QFOR) today released its much awaited cloud enabled solution
platform in the financial services market space for Cross-Asset
Trade Processing.
Quadrant began upgrading its Capital Markets technology
platform, QFIN, in June
2011 and has completed the full development that will provide a
new, Cloud-based service for Banks, Fund and Asset Managers
worldwide.
QFIN platform will provide advanced Bond and Loan Trading
capabilities. The earlier versions of the system have been in use
at over 50 top global financial firms. The platform was first
designed to manage the Emerging Markets trading business, which
developed into a cross-asset platform for debt securities,
including bonds, loans and CDS trading. The product will be
targeted to a wide market of Financial Institutions and Funds.
Dhru Desai, Chairman of the Board, said, "... QFIN is a
strategic technology development by us that will enhance and expand
our solutions portfolio in the financial services market. We are
looking forward to leveraging our global development resources and
delivery model to accelerate this program and launch our first
cloud service. This cloud-hosted SaaS based offering will allow
clients and their IT staff to focus on their core business without
the overhead of application maintenance, backups and upgrades. It
will also provide an affordable alternative to smaller
clients."
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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Investor Contact BPC Financial Marketing John Baldissera
800-368-1217