SYSOREX ACQUISITION OF LILIEN
Mar 22, 2013
OTC Disclosure News Service
Santa Clara, CA
SYSOREX ACQUISITION OF LILIEN
Santa Clara, CA, March 22, 2013 – As previously announced, Sysorex Global Holdings Corp. (SYRX.PK US), a leading information technology solutions and services company, acquired 100% of the assets of Lilien LLC (www.lilien.com) including its subsidiary Lilien Systems, Inc. Lilien is a profitable enterprise IT infrastructure solution provider with over $40 million in annual revenue. The transaction was through a combination of $3,000,000 in cash from debt financing and 6,000,000 shares of Sysorex common stock. Lilien will operate as Lilien Systems, a wholly owned subsidiary of Sysorex.
Acquiring Lilien expands Sysorex’s depth of enterprise service offerings, including Big Data services and advanced analytics, while providing premier partnership status with leading vendors in IT infrastructure. Lilien provides the people, processes and technology to develop and implement infrastructure for mission-critical enterprises. They provide comprehensive solutions that enable customers to solve the most complex and important IT challenges and objectives while driving the greatest business value.
Sysorex plans to continue to expand through strategic acquisitions and organic growth to fulfill our plan to become a leading provider of IT services and solutions to government agencies and businesses globally.
Sysorex Global Holdings Corp. (SYRX.PK US) is a leading provider of Information Technology Support Services for enterprise level IT environments including full life cycle software development, interface, integration, operational support, and IT Network Infrastructure Modernization Services. With over 30 years of operating history, they provide a wide range of consulting, systems engineering, cyber security, data analytics and program management expertise. More information can be found at http://www.sysorex.com.
Lilien LLC provides the people, process and technology to develop and implement the infrastructure for mission-critical enterprises. Their goal is to provide innovative solutions that enable customers to solve the most complex and important IT challenges and objectives while driving the greatest business value. They achieve this goal through partnership and understanding of our customer’s objectives while employing individuals who are confident, competent and committed. For more information visit http://www.lilien.com.
This press release contains forward-looking statements, particularly as related to, among other things, the business plans of Sysorex (the Company), statements relating to goals, plans and projections regarding the Company’s financial position and business strategy. The words or phrases “would be,” “will allow,” “intends to,” “may result,” “are expected to,” “will continue,” “anticipates,” “expects,” “estimate,” “project,” “indicate,” “could,” “potentially,” “should,” “believe,” “think,” “considers” or similar expressions are intended to identify “forward-looking statements.” These forward-looking statements fall within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934 and are subject to the safe harbor created by these sections. Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place undue reliance on such statements. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement. Actual results may differ materially from the Company’s expectations and estimates.
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