| Press Release: Recreate Solutions signs definitive agreement for being acquired by Corpus Inc |
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May 24, 2006
Recreate Solutions signs definitive agreement for being acquired by Corpus Inc
Dallas, TX; London, UK and Mumbai,
India - May 24, 2006 - Recreate
Solutions, recognised as one of
the fastest growing companies
in the media and entertainment
industry and known for providing
a range of outsourcing models
within the convergence sector,
has signed a definitive agreement
to be acquired by Dallas based
Corpus, Inc., a provider of domain
specialised technology services
firm in the banking, financial
services and telecommunications
industries. Corpus, with a proven
capacity for global delivery,
has numerous Fortune 100 clients
across the Telecom, Finance, and
Media sectors.
Corpus has expanded its presence
in the Media & Entertainment
sector with the acquisition of
Recreate.Solutions.
Recreate Solutions, a venture-backed
company founded in 2001, has grown
steadily, earning a reputation
for delivering quality solutions
cost effectively to its clients
across Europe, the Americas and
Asia. The company has worked across
such emerging domains as Interactive
Television, Mobile
and Broadband
and IPTV,
and is well-recognised within
the convergence industry.
"The interactive media industry
is maturing across platforms.
It is consolidating around companies
that have viable cost structures
and revenue streams that generate
healthy margins. Outsourcing of
non-core technology functions
is a proven method to increase
profitability. Recreate Solutions
is focused on providing high quality
outsourced solutions that add
value to clients in our service
segment: Digital Interactive Content.
Under the Corpus banner we will
now we able to take our solutions
to Corpus’s Fortune 100
client base." said Bhaskar
Majumdar, CEO, Recreate Solutions.
“We are pleased and excited
to welcome Recreate into our corporate
family,” said Corpus CEO
Sachin Tummala, who noted that
Recreate was one of the fastest
growing companies in this space.
“We acknowledge the important
role of technology in enabling
the distribution of content over
disparate channels. Recreate has
mastered the fields of Mobility
and Interactivity to help its
customers in providing best-in-class
services. Recreate sells on the
basis of competency and has offshore
at the central theme of delivery
– both aspects of what we
are trying to reinforce in Corpus."
For information on Corpus/Recreate
Solutions, please contact Will
Yan at 972 900 7458 or visit www.corpus.com
and www.recreatesolutions.com |
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