“As a result,especially in today`s challenging economic environment, successful enterprisesare looking for solutions that deliver real-time channel visibility andactionable insights that help identify the strategies that will optimize channelperformance.” InfoNow pioneered Channel Performance Optimization, and is the only completesolution provider in the market today. “It furthervalidates the urgent market need for channel optimization to reduce costs andgrow revenue for businesses that rely on complex sales channels.” The infusion of new capital will help InfoNow extend its product and marketleadership in delivering real-time channel visibility, agility and control,which are key to helping finance, sales, marketing and channel operationsexecutives achieve their objectives. Investor Contacts:Jaffoni & Collins IncorporatedNorberto Aja, David Collins, Richard Copyright Business Wire 2009. Investment Accelerates InfoNow`s Global Market Growth and Solution ExpansionDENVER–(Business Wire)–InfoNow Corporation, the leading provider of software as a service (SaaS)-basedsolutions for Channel Performance Optimization, today announced it closed a $5million Series B Preferred Stock financing. Vedanta Capital led the Series Bfinancing, with existing investors Sequel Venture Partners and Sevin Rosen Fundsboth participating and increasing their investment in the Company. “This financing is a great testament to our market leadership and the growth andcustomer adoption we are achieving with our on-demand Channel PerformanceOptimization SaaS platform,” said Mark Geene, CEO, InfoNow. Intelligroup clients includeVarian Medical, Reckitt Benckiser, Royal Greenland, SAP, Magellan, Hershey`s,Eastman Chemical Company and Hitachi For more information please visit.
Intelligroup is the recipientof the 2007 and 2009 Pinnacle Award from SAP, nominated as a finalist for theOracle 2007 Titan Awards, received the 2009 Supply-Chain Technology ManagementExcellence Award from the Supply-Chain Council and in 2009 named one of the “50Best Managed Global Outsourcing Vendors” by the Black Book of Outsourcing.Intelligroup`s global service delivery model combines onsite teams and offshoredevelopment capabilities to deliver solutions that accelerate results, reducecosts and generate meaningful ROI for clients. The Company possesses deep expertise andproprietary tools in industry-specific enterprise solutions and has beenrecognized by clients, partners including SAP and Oracle and IT industryanalysts for consistently exceeding expectations. About Intelligroup, Inc.Intelligroup is an ERP-focused enterprise applications systems integratorproviding consulting, implementation, testing, application management and otherIT services for global corporations. Live Webcast / Replay URL: Available at or. An archived version of the webcast will be available for 30days. Areplay of the call will be available by dialing (800) 633-8284 or (402) 977-9140(international) pass-code number 21430875, beginning approximately two hoursafter the event The telephonic replay will be available for three days.
(OTC BB: ITIG), an information technology and outsourcingservices provider principally focused on enterprise resource planning (ERP) andextended ERP solutions, today announced that it will hold a quarterly conferencecall to discuss its Q2 2009 results on Thursday, July 30, 2009 at 10:00 a.m ET.Intelligroup will release its Q2 Earnings at 7:30 a.m ET that morning. Conference Call Dial-In Number: (800) 918-9476 or (212) 231-2905(international); please call at least 5 minutes in advance of the start time. PRINCETON, N.J.–(Business Wire)–Intelligroup, Inc. Factors could cause actual results to differmaterially from such forward-looking statements. For a description of thesefactors, see the Company`s prior filings with the Securities and ExchangeCommission, including our most recent filing.