GlobeNewswire
2010-05-24
The Alliance With Spain-based Amper Creates One of the
Largest Information and Communications Technology integrators
in Latin America
MIAMI, May 24, 2010 (GLOBE NEWSWIRE) --
-- eLandia, gains entry to fast-growing Brazil market
-- Amper, through its subsidiary Medidata, gains entry to 13 additional
countries in Latin America
-- Latin American current Information and Communications Technology market
expected to grow 35% to $65 billion by 2013
-- eLandia and Amper are evaluating the feasibility of expanding the scope
of the alliance to include a possible equity participation
eLandia International, a leading technology enabler in Latin America,
today announced it has formally entered into a strategic alliance with
Madrid based Amper, a leader in the development and integration of
Information and Communications Technology solutions in Spain and
Brazil.
The alliance will allow eLandia to extend its operations into Brazil,
which is experiencing growing demand for Information and Communications
Technology integration. Amper gains a new opportunity, through its
Medidata subsidiary, to extend its presence into the 13 countries where
eLandia currently operates throughout Latin America. The expanded
territory provides the companies the opportunity to offer their
combined portfolio of products, services, technology solutions and
technical resources throughout the region.
eLandia believes that Latin America has exceptional potential for
information and communications technology growth. According to Business
Monitor International (BMI), the total value of spending on Information
and Communications Technology products and services in Latin America is
expected to grow from US$48 billion in 2010 to US$65 billion by 2013,
representing growth in excess of 35%. Brazil represents more than 45%
of the total investments for the sector in the region.
"Latin America continues to be a region of fast growth for technology
investments," said Pete R. Pizarro, Chairman and Chief Executive
Officer of eLandia. "Governments in Latin America consider information
technology a key element for economic and social development. Many of
our clients operate in multiple countries, and this alliance with Amper
will allow us to expand our business strategy of enabling technology in
emerging markets, and help contribute to the transformation of
communities in the region."
Currently the two companies have no overlap in the region, making the
alliance absolutely complementary. Desca, a wholly owned subsidiary of
eLandia International, is one of Cisco Systems' leading Gold Partners
in the region and has one of Latin America's largest
regionally-integrated services presence. Medidata, a majority owned
Amper business unit, also holds the Cisco Gold Partner designation and
is one of the largest network and systems integration companies in
Brazil.
The alliance also provides entry into the Brazil market for eLandia's
information and communication technologies training and education
services subsidiary, CTT, as well as the ability to exploit the
experience and knowledge of Amper's Homeland Security business unit for
national public safety projects across the region.
"We are very satisfied to have reached an agreement with eLandia that
will allow us to extend our presence in Latin America, a region with
great growth potential for systems integration and networking
activities," said Manuel Marquez, Chief Executive Officer of Amper.
"Thanks to this alliance, we have created a unique platform that meets
the needs of our multinational clients to have partners with a broad
regional presence who can support them throughout Latin America."
Additionally, eLandia and Amper are evaluating the possibility of
expanding the strategic alliance through a possible equity
participation and have begun the process through a mutual due
diligence. Amper has ensured the due diligence will remain exclusive
with an advance payment of $5 million to be applied towards a possible
future transaction. eLandia has provided security for the repayment of
that advance to Amper in the event an agreement is not reached. The
proposed transaction would permit Amper to acquire a majority of
eLandia in exchange for the majority of the Medidata business, without
any additional cash payment other than the $5 million payment made to
secure the exclusivity.
About eLandia
With more than 3,000 business customers and a presence in 17 countries,
eLandia (OTCBB:ELAN), and its family of companies deliver an array of
information and communications technology services to emerging markets
experiencing rapid development, predominantly focusing on Latin
America, the Caribbean and the South Pacific. eLandia assists its
customers in implementing world-class integrated infrastructure
solutions and cutting-edge networking technologies, and building
highly-qualified local workforces to enable their businesses to
transform and integrate into the global economy. For more information,
please visit www.elandiagroup.com.
The eLandia logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6150
About Amper
Amper (BM:AMP), a multinational company based in Madrid, Spain, is a
leader in the design and implementation of integrated solutions and
information systems for civilian and military communications. With more
than 50 years of experience in the information technology and
telecommunications sector, it offers its clients cutting-edge products
and services. The company shares have been quoted on the Madrid Stock
Exchange since 1986. For more information, please visit www.amper.es.
About Desca
eLandia, through its Desca subsidiary, is a leading supplier of
industry best-practice-based infrastructure and telecommunications
solutions in Latin America and the Caribbean. The company offers
solutions for telecommunications operators, government and corporations
in Argentina, Colombia, Costa Rica, Ecuador, El Salvador, Guatemala,
Honduras, Mexico, Nicaragua, Panama, Peru, Trinidad and Tobago,
Venezuela and the U.S. For more information, please visit
www.desca.com.
About Medidata
Amper, through its Medidata subsidiary, has offered integrated
communications solutions to telecommunications operators, corporations,
financial clients and governments in Brazil since 1976. It is a leader
in integration of networks and systems, IP networks and unified
communications in Brazil. For more information, please visit
www.medidata.com.br.
This news release and other statements to be made by the Company
contain certain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act, including but not limited to
statements relating to projections and estimates of earnings, revenue,
cost-savings, expenses, or other financial items; statements of
management's plans, strategies, and objectives for future operations,
and management's expectations as to future performance and operations
and the time by which objectives will be achieved; statements
concerning proposed new products and services; and statements regarding
future economic, industry, or market conditions or performance.
Forward-looking statements are typically identified by words or phrases
such as "believe," "expect," "anticipate," "project, " "estimate", and
"conditional verbs such as "may," "could," and "would," and other
similar expressions. Such forward-looking statements reflect
management's current expectations, beliefs, estimates, and projections
regarding the Company, its industry and future events, and are based
upon certain assumptions made by management. These forward-looking
statements are not guarantees of future performance and necessarily are
subject to risks, uncertainties, and other factors (many of which are
outside the control of the Company) that could cause actual results to
differ materially from those anticipated.
CONTACT: eLandia
Javier Rodriguez, SVP, Communications & Marketing
305.415.8800
jrodriguez@elandiagroup.com