With its European roots and strong business presence throughout Europe, Intelligentias, Inc. (ITLI.OB) announced a strategic move today.
The Company, a market leader in the Homeland Security Sector by providing Data Retention, Tracking and Investigatory Services for Telcos, ISPs and Law Enforcement Agencies around the world, reported that it has executed an agreement to acquire all of the outstanding common stock of Systeam Italy SpA from Systeam US, Inc.
The acquisition results in Intelligentias’s acquiring all of the outstanding common stock of Systeam Italy, SpA allowing the Company to obtain all of Systeam SpA’s contracts with service providers, strategic alliance partners, network equipment providers, and systems integrators. Systeam SpA must provide its audited statements to the Company within 60 days of the closing of the transaction, which is expected to be completed in May 2007.
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