IBSG International Announces Appointment of CFO
January 05 2009 - 8:30AM
Marketwired
IBSG International, Inc. (OTCBB: IBIN), a holding company for four
technology and software subsidiaries, announced today that it has
selected Ms. Renata Sirota as the Company's full time CFO. This is
an important step in the expansion of the Company.
Ms. Sirota has an impressive biography. Since 2007, Ms. Sirota
has served as a principal of Tatum, LLC, and an executive services
firm. From 1997 through 2007, Ms. Sirota served in the roles of
Director of Financial Planning and Analysis, Director of Operations
and Financial Analysis and Director of Budget and Financial
Analysis of SI International, Inc., a technology company. Ms.
Sirota has a Master of Business Administration from Johns Hopkins
University and a Bachelor of Science in Accounting from Susquehanna
University. Ms. Sirota brings a wealth of public company
experience. She has managed IPO teams, been involved with multiple
mergers and acquisitions and has an extensive background in money
management with a particular strength in IT companies.
Dr. Michael Rivers, CEO of IBSG International, said, "We are
very pleased that Renata has agreed to join our company. She has
the perfect background for our business and comes with a wealth of
experience. We have spoken on more than one occasion over the past
year about our intentions to expand our management team,
particularly a full time CFO. The CFO position was the first
critical position to fill as we continue to expand. Renata will
bring a wealth of experience particularly in publically traded IT
companies. As part of her arsenal of skills, she has very strong
money management skills. As we continue to expand our subscription
base, this will become a critical need."
About IBSG International, Inc. (www.ibsgi.com)
IBSG International, Inc. is a holding company for four
technology and software subsidiaries: Intelligent Business Systems
Group, Inc. (IBSG), a provider of turnkey digital service center
software; Secure Blue, Inc., a Sarbanes-Oxley and security software
solution provider; Intelligent Business Systems Development (IBSD),
a software development, maintenance and data storage company; and
IBSGI - UK, a consultant company focused on development of IT
projects for Governmental bodies and multinational
corporations.
IBS Group offers enterprise solutions designed to enhance the
operating efficiency and create revenue for State Small Business
Development Centers, business associations (e.g., business
associations) and Fortune 1000 corporations by licensing its unique
turnkey digital service center software, which provides a broad
range of digital budgetary, administrative and commercial services
(B2B, e-commerce, government to business and enterprise business
services) on a single platform known as the BizWorldPro�.
Secure Blue, Inc. provides a robust economical Sarbanes-Oxley
(SOX) compliance and security software suite, Secure Blue SOX Pro.
It is targeted at small- and mid-cap public companies as well as
private companies requiring SOX compliance to enable them to
continue working with public companies.
As software providers, system integrators and Application
Service Providers, IBS Group, Inc. and Secure Blue, Inc. generate
revenue from license sales, system modifications, systems support
and a percentage of monthly customer fees. The typical IBS
Group/Secure Blue license agreement has a five-year term which is
updated on an annual basis.
IBS Development, Inc. will provide ongoing support of
International's other subsidiaries, IBS Group and Secure Blue. The
company provides development, system support and secure data
storage, and will maintain offices in the US and India, where its
current offshore development and support team is located.
IBSGI - UK establishes IT projects for various countries and
multi-national corporations around the world. IBSGI - UK has
already introduced the BizWorldPro platform to a number of
countries and continues to provide demonstrations of the system on
an international scale. For multinational corporations, the
projects are normally recognized offset program qualified and
provide a required contractual obligation of these corporations.
IBSGI - UK maintains relationships with various multinational
corporations and operates from centrally located offices in
London.
Safe Harbor Forward-Looking Statements
Except for historical information contained herein, the
statements in this release are forward-looking statements that are
made pursuant to the safe harbor provision of the Private
Securities Litigation Reform Act of 1995. The above information
does not guarantee any successful closing of new business. No
assurances can be given that any projections related to gross
revenues or profit margins will be realized. Forward-looking
statements involve known and unknown risks and uncertainties that
may cause the companies' actual results in future periods to differ
materially from forecasted results. Such risks and uncertainties
include, but are not limited to, market conditions, competitive
factors, the ability to successfully complete additional financings
and other risks.
Contact: IBSG INTERNATIONAL, INC. (321) 939-6321
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