NEW YORK and SAO PAULO, Sept. 22, 2011 /PRNewswire/ -- Midas Medici Group Holdings, Inc. ("Midas") (OTCBB: MMED), an innovative green IT company in the fields of virtualization, cloud computing and data management, as well as Smart Grid solutions, today announced that its CIMCORP brand has won a $3 million contract from CEMIG (NYSE: CIG), one of the largest electric energy utilities in Brazil, to upgrade its IT infrastructure and data center solutions. This project represents a strategic upgrade to CEMIG's virtualization and cloud-based capabilities throughout its operations in Brazil, and is one of the reasons CIMCORP was chosen to be the project lead.
CIMCORP will be working in close coordination with Cisco in order to upgrade CEMIG's IT infrastructure and complex datacenter related solutions. CEMIG's network has approximately 10,000 points, so the first phase of this upgrade involves the installation of Cisco switches in various configurations in order to meet CEMIG's demands for a seamlessly integrated environment across its operations in Brazil.
"We are pleased to announce that our CIMCORP brand was chosen by CEMIG for this strategic project," stated Nana Baffour, CEO and Co-Founder of Midas Medici. "We have enjoyed a long-standing relationship with CEMIG and were recently selected as the only IT company to receive CEMIG's Supplier Award earlier this year. As one of the largest utilities in the country, CEMIG's decision to select us for this $3 million project is a validator of the quality of our IT integration expertise and highly responsive implementation and project management capabilities in Brazil."
The entire IT infrastructure and data center upgrade will be implemented by CIMCORP and Cisco and will be primarily focused on CEMIG's headquarters in Minas Gerais, Brazil, with satellite work being conducted at the company's various locations throughout the country. The project is scheduled to be completed by January 2012."This is a significant upgrade for our organization so we wanted to be certain to choose the right company for the job. We were pleased to see CIMCORP come away from the competitive bidding process as the winner, since we can always rely on CIMCORP to meet our precise contract needs, both in terms of due dates and quality, and their project management reputation in Brazil is second to none," said Wander Jose Eustaquio de Oliveira Junior, Manager of Materials and Services Quality at CEMIG. Operating in Brazil since 1988, Midas' CIMCORP brand provides and manages a complete spectrum of IT infrastructure services and solutions to commercial and government markets. CIMCORP specializes in data center services with an emphasis on complex solutions that enable Brazilian companies to virtualize and implement cloud-based systems. CIMCORP has 8 regional offices, 12 distributorships, 3 partner data centers, and an international subsidiary in Miami, FL. About CEMIG Companhia Energetica de Minas Gerais – CEMIG (NYSE: CIG) is one of the largest and most important electric energy utilities in Brazil due to its strategic location, its technical expertise and its market. CEMIG is present in 15 Brazilian States and in Chile. CEMIG owns and operates 67 power plants, of which six are in partnership with private enterprises, relying on a predominantly hydroelectric energy matrix. Electric energy is produced to supply about 18 million people in Brazil. CEMIG manages the largest electric energy distribution network in Latin America and one the four largest in the world, which extends as far as 360,000 thousand kilometers. CEMIG also owns a cable television, internet and telecommunications business called Infovias which uses the company's transmission and distribution lines. For more information on CEMIG, please visit: http://www.cemig.com.br. About Midas Medici Group Holdings, Inc. Midas Medici Group Holdings, Inc. (OTCBB: MMED) is a green IT company that supplies mid-sized and select enterprises and institutions with leading-edge IT solutions in the fields of virtualization, cloud computing and data management, as well as working with utilities and other institutions to transform the electric grid through digital technologies in the United States and Brazil. Across its CIMCORP, Consonus and UtiliPoint brands, Midas works with its customers by optimizing IT and data center investments, cutting energy usage and preventing data loss, all while maximizing productivity. Through a management team with decades of experience, Midas is positioning itself to take advantage of the high-growth IT industry through its unique specialized services at the intersection of energy and technology. For comprehensive investor relations material, including fact sheets, presentations conference calls and video, please follow the appropriate link: Investor Presentation, Investor Portal, Research Report and Overview Video. For more information on Midas Medici, please visit: www.midasmedici.com. Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company and its subsidiary companies. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding: the Company's business and operations; business strategy, plans and objectives of the Company and its subsidiaries; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website ( http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Company Contact: Johnson KachidzaChief Financial Officer212-792-0920
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