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Quadrant 4 Systems Corporation Releases Cloud Enabled Capital Markets Platform(February 02, 2012)
ROLLING MEADOWS, IL -- (Marketwire) -- 02/02/12 -- Quadrant 4 Systems Corporation (Quadrant) (OTCQB: QFOR) (OTCBB: QFOR) today released its much awaited cloud enabled solution platform in the financial services market space for Cross-Asset Trade Processing.
Quadrant began upgrading its Capital Markets technology platform, QFIN, in June 2011 and has completed the full development that will provide a new, Cloud-based service for Banks, Fund and Asset Managers worldwide.
QFIN platform will provide advanced Bond and Loan Trading capabilities. The earlier versions of the system have been in use at over 50 top global financial firms. The platform was first designed to manage the Emerging Markets trading business, which developed into a cross-asset platform for debt securities, including bonds, loans and CDS trading. The product will be targeted to a wide market of Financial Institutions and Funds.
Dhru Desai, Chairman of the Board, said, "... QFIN is a strategic technology development by us that will enhance and expand our solutions portfolio in the financial services market. We are looking forward to leveraging our global development resources and delivery model to accelerate this program and launch our first cloud service. This cloud-hosted SaaS based offering will allow clients and their IT staff to focus on their core business without the overhead of application maintenance, backups and upgrades. It will also provide an affordable alternative to smaller clients."
About Quadrant 4 Systems Corporation
Quadrant 4 Systems Corporation delivers end-to-end information technology solutions to its clients through a unique blend of consulting, software development & maintenance, cloud based products and technology from its global delivery centers. The company currently focuses on Financial Services, Health Care, Retail, Manufacturing and Telecommunication sectors with a broad spectrum of services and technology practices that include ERP, SCM, CRM, e-Commerce, m-Commerce, SFA, Microsoft, Java and Legacy platforms, BI/DW, testing, platform migration, web technologies and others. The company plans to enter the IT enabled and managed services sector and cloud based services through business acquisitions and/or combination opportunities in the near future to further execute its articulated business strategy.
This release contains forward-looking statements which are subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipate," "expects," "estimates," and similar expressions) should be considered to be forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Exchange Act of 1934, as each is amended, for which the Private Securities Litigation Reform Act of 1995 provides a safe harbor. Certain factors (including but not limited to those risk factors identified from time to time in our filings with the Securities and Exchange Commission as well as changes in economic conditions; outcome of negotiations; changes in the Company's access to necessary capital; outcome of litigation; volatility of capital markets; variability and timing of business opportunities; changes in accounting policies and practices; the effects of internal organizational changes; adverse state and federal regulation and legislation; and the occurrence of extraordinary or catastrophic events and terrorist acts; or other unforeseen changes in circumstances) could cause actual results and conditions to differ materially from those projected in such forward-looking statements. We do not undertake any obligation to release publicly revised or updated forward-looking information, and such information included in this release is based on information currently available and may not be reliable after this date.
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