GlobeNewswire
2011-12-27
The Acquisition Provides Kranem With Access to the Data and
Systems Security Industry in Italy
SAN MATEO, Calif., Dec. 27, 2011 (GLOBE NEWSWIRE) -- Kranem Corporation
(OTCBB:KRAN) announced that on December 21, 2011 it executed an
agreement to acquire privately-held Adora ICT Srl., a company
specialized in evaluating data and systems security risks and
recommending appropriate solutions. Adora possesses a strong technical
staff and a solid customer list. We anticipate that the acquisition
will provide Kranem Corporation with an important presence in the
Italian data security and analysis market. In 2010, Adora reported net
revenue of over $4.0 million and was profitable.
Kranem's CEO, Mr. Ajay Batheja stated, "We believe that the combination
of our homeland security products with Adora's technical expertise and
solid customer base will be of benefit to both businesses. In addition,
Kranem gains a new sales channel and access to major customers in the
Italian data security and analysis market." Kranem Corporation is a
leading provider of digital security products and services driven by
its InteliCENTER module, which provides an adaptive data analysis tool
and dashboard that interacts with its supporting modules:
InteliANALYZER, InteliSTRATEGIZER, InteliRETENTION, and InteliCURATOR.
The supporting modules are described in more details below. Kranem's
homeland security products provide solutions to law enforcement
agencies and the homeland security agencies in India, Africa and some
other Asian countries. "We believe this acquisition will provide a
strong opportunity to introduce Kranem's homeland security products to
the European law enforcement," Mr. Batheja added.
Kranem's primary product, InteliCENTER, is an Actionable Intelligence
platform that facilitates the investigation and decision making process
of government and law enforcement agencies. InteliCENTER acquires,
correlates and analyzes large volumes of data received from varied
information sources (such as telecommunications service providers,
internet service providers, government agencies and other information
systems) and provides intelligence to proactively counter criminal
activities. Unstructured data includes cross-channel analysis of phone
calls, Internet sessions, email, chat, instant messaging, video
captured by closed circuit cameras and radio communications.
-- InteliANALYZER conducts analysis of curated digital data and provides
law enforcement and intelligence agencies with proactive intelligence.
It offers focused investigative techniques for specific criminal
activities and conducts real-time and historical analysis.
-- InteliCURATOR acquires and analyzes a variety of disparate data sources.
The data is gathered, processed, sorted, and stored per identity, so
that a profile can be built on a suspect.
-- InteliSTRATEGIZER produces configurable periodic reports for automatic
pattern identification and recognition, social network analysis, trend
analysis, dashboard monitoring, alarms and alerts to law enforcement
agencies. This software provides law enforcement with the necessary
information to detect suspicious activities in their early stages,
allowing strategies to be developed based upon comprehensive situational
awareness and knowledge driven insights.
-- InteliRETENTION is an integrated data retention solution built for the
exact application of acquiring, storing and retrieving massive amounts
of call detail records (CDRs) and internet protocol detail records
(IPDRs) for law enforcement agency (LEA) requests. InteliRETENTION is
linearly scalable and proven for capturing beyond tens of billions of
CDRs/IPDR's daily, which adds up to the storage of trillions of these
records. The cost effective solution enables secure, near real-time
retrieval and rapid analysis, cost effectively and securely.
About Kranem/Xalted Group:
The Kranem/Xalted Group is a leading global provider of end-to-end
actionable Intelligence, Analytics and Revenue Maximization software
and solutions serving some of the world's largest law enforcement
agencies, government agencies and telecom and data services providers.
By providing advanced tools to monitor communications and optimize
decision making, the Kranem/Xalted Group helps law enforcement and
government agency customers defend against security threats created by
terrorists and criminal activity throughout the world. For telecom
customers, the Kranem/Xalted Group provides software and solutions that
are created to improve business performance, increase operational
efficiency, maximize revenues and enhance safety and security.
The company is headquartered in San Mateo, California, USA, with
additional offices located in Mumbai, Delhi, Bengaluru, and Baddi,
India and Rome, Italy. For more information, please visit:
www.kranem.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and are
indicated by words such as "anticipates" and other similar words or
phrases. Such forward-looking statements are subject to a number of
risks and uncertainties that could cause the actual results or
performance of the company to differ materially from those described
herein, including but not limited to the impact of the global economic
environment on the company's customer base (particularly telecom and
law enforcement agencies) and the resulting uncertainties; changes in
technology and market requirements; decline in demand for the company's
products; inability to timely develop and introduce new software,
services and applications; difficulties or delays in absorbing and
integrating acquired operations, technologies and personnel; loss of
market share; pressure on pricing resulting from competition; and
inability to maintain certain marketing and distribution arrangements.
Readers are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date hereof, and
Kranem Corporation undertakes no obligation to publicly release or
otherwise disclose the result of any revision to these forward-looking
statements that may be made as a result of events or circumstances
after the date hereof or to reflect the occurrence of unanticipated
events.
CONTACT: Mr. Edward Miller
Chief Financial Officer
San Mateo, CA
Phone: 650-319-6743
edward.miller@kranem.com
Ms. Kamini Rupani
Director Investor Relations
Mumbai, India
Phone: +91 22 2287-6691
kamini.rupani@kranem.com