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ODESIA Signs for $1.5M of Contracts in January 2012 and Undertakes Its Growth Strategy(February 07, 2012)
MONTREAL, QUEBEC -- (Marketwire) -- 02/07/12 -- ODESIA Group Inc. ("ODESIA" or "the Company") (TSX VENTURE:ODS), a corporation specialized in delivering business-intelligence solutions ("BI"), decision-process management and business analytics, has signed agreements/contracts and undertakes its accelerated growth strategy:
-- ODESIA records a 20% growth in January 2012 compared to January 2011; -- ODESIA signs for $1 000 000 of contracts in France; -- ODESIA signs for $500 000 of contracts in Canada; -- New customers turn to ODESIA's expertise: NTER, Reliable-Staple, Randstad, Lafarge;
Corporate profile: http://www.odesia.com/docs/ODESIA%202011.pdf
"We had a great month of January. In addition to exceeding our sales targets, we added new customers to our order book; a major vote of confidence. Renewing multiple agreements also demonstrates our customers' confidence and satisfaction" declared Nicolas Bonnafous, President and Chief Executive Officer of ODESIA.
The hiring of experienced Business Intelligence executives in the last quarter of 2011 allowed ODESIA to increase its domestic and international business volume significantly in January 2012 compared to the same period last year.
"ODESIA's objective is to consolidate the Canadian and European intermediate BI companies' market" added Mr. Bonnafous.
Partnerships and Acquisitions
The BI market is largely fragmented and several merger opportunities are possible. The Company now has an experienced and dynamic team to address market consolidation by realizing strategic and profitable acquisitions.
We had several meetings with companies whose offers are complementary to ours. We are at the analysis' stage that could lead to business partnerships or acquisitions that would expand our BI technologies' offerings in strong growth sectors:
- Social Networks' data analysis such as Facebook, Linkedin, Xing, Plaxo, Flicker
- Human Resources Performance Drivers
- Industrial sector production yield optimization
- Real-time Mobile BI Software and dashboard
A new service is added: Business Process Management Consulting
ODESIA extends its services range and will soon launch its consultation service in Business Process Management ("BPM") to help companies improve the performance of their business processes. Coupled with Business Intelligence, BPM provides executives with a better control over the conduct of their business processes.
To meet its 2012 goals, ODESIA plans to recruit several employees for its Canadian and French. ODESIA is also going to strengthen its pole of advice in Business Intelligence by integrating more architects and project leaders. The recruitment will be mainly achieved by using the power of social networks.
Stock options issuance
For his services between now and ODESIA's shareholders next annual general meeting, Mr. Vittorio Violo, director, received 75,000 stock options of ODESIA, at the exercise price of $0.30 each, having an exercise period of five (5) years and vesting in three (3) equal and consecutive annual tranches.
About ODESIA Group Inc.
ODESIA is an international corporation specialized in business-intelligence ("BI") solutions, decision-process management and business analytics for large and medium-sized companies. ODESIA's mission is to help managers monitor the performance of their business by accessing all relevant information at the right time and the right place. Since 2006, ODESIA is listed on TSX-V. For more information visit us at www.odesia.com.
Disclaimer in regards to forward-looking statements
This press release contains forward-looking statements which reflect ODESIA's current expectations regarding future events and may involve risks or uncertainties. Actual results could differ materially from those projected herein.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
ODESIA Group Inc.
Mr. Nicolas Bonnafous
President and CEO
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