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PLEASANTON, Calif., March 21, 2013 (GLOBE NEWSWIRE) -- Systems America, Inc. (OTC:SYAI) ("Systems America" or the "Company"), a premier provider of cloud computing and information technology solutions, is pleased to announce that it has changed its corporate name to Cloudeeva, Inc. ("Cloudeeva") or the "Company"). The Company will also apply for a new ticker symbol with FINRA that will be announced shortly and is currently in process of launching a new corporate website at
The new name reflects the Company's increasing focus on providing cloud-enabled information technology and consulting services that enable organizations to fully leverage the potential of Cloud, Mobility, Infrastructure Management, Business Intelligence, Data Warehousing and Big Data to advance their operational and strategic objectives.
"Cloud computing is driving a new cycle of investment in information technology as enterprises seek to capture the benefits of reduced infrastructure, software and maintenance costs coupled with advances in business intelligence and mobile computing," said Adesh Tyagi, Chairman & CEO of Cloudeeva. "Spending on cloud computing increased by 20% in 2012 to $109 billion, according to
Gartner, and increasingly customers are interested in an integrated approach to help them achieve the greatest return on that investment."
"Industry giants including
Amazon Web Services,
Verizon Terremark are offering enterprise solutions as a whole new paradigm as to how to store and access data. Cloud-enabled software models including those from
Oracle Taleo Cloud Service and
Workday are transforming the way in which companies access critical business data while dramatically reducing software and maintenance costs," continued Adesh Tyagi.
"Our new name, Cloudeeva, consists of two discrete words. The 'cloud' portion reflects our growing expertise in cloud computing and connectivity, a huge market and one where we are uniquely positioned. 'Deeva' is a mythological term that means 'celestial' or 'shining'. When we put the two words together, it conveys our intent to illuminate the cloud space for our customers and to do so with genuine passion," continued Adesh Tyagi.