Sysorex Global Holdings to Partner with Geneseo Communications to Launch Cloud Analytics Services with Geneseo’s subsidiary, ColoHub; Geneseo Completes $2M Strategic Investment in Sysorex
SANTA CLARA, CA - (ACCESSWIRE - Feb 27, 2014) - Sysorex Global Holdings Corp. (SYRX) ("Sysorex"), a developer of leading information technology solutions, today announced that it has entered into a strategic relationship with Geneseo Communications, to collaborate on the development and introduction of cloud services through Geneseo's newest data center, ColoHub. Geneseo also completed a $2 million investment in Sysorex in exchange for 800,000 shares of restricted common stock. The transaction closed on February 26, 2014.
"Geneseo has over 100 years of experience owning and operating telecommunication infrastructure, and the trends we are witnessing have guided us to strategically enter the data center industry,” said Geneseo CEO Scott Rubins. "We believe our strategic relationship with Sysorex will act as a catalyst in this market because of Sysorex's established sales channels, government presence, and most importantly Sysorex’s ability to integrate unique and innovative cloud offerings with our data center facility."
"Joining forces with such an esteemed partner as Geneseo, and its ColoHub operation, strengthens our strategic vision and further validates our plans to integrate and expand our cloud capabilities acquired from Shoom and Lilien," said Sysorex CEO, Nadir Ali. "Geneseo's strategic investment in Sysorex comes at a compelling time in Sysorex's evolution, and we believe speaks to Geneseo’s confidence in Sysorex's team, technology and vision. With ColoHub, we now have the opportunity to provide integrated cloud offerings that help unlock valuable data opportunities for current and future customers at cost-effective rates," he added.
About Sysorex Global Holdings
Sysorex identifies data opportunities that create the greatest value for our customers. We approach clients with our dedicated expert people and powerful technology to plan, develop and integrate data solutions in the cloud, on-premise or mobile, delivering superior customer satisfaction and value. Visit http://www.sysorex.com/, follow @SysorexGlobal and Like us on Facebook.
About Geneseo Communications and ColoHub
Geneseo Communications, Inc. roots date back to 1905 and is the parent company of Geneseo Communications Services, Inc., Geneseo Telephone Company, Gensoft Systems, Inc. and IDC Digital Solutions. Geneseo Communications, Inc. serves western Illinois and eastern Iowa and surrounding areas with state-of-the-art telecommunications service, computer related products, service bureau solutions and utility billing software to clients across the United States. Geneseo 2nd data center, ColoHub, is a brand new facility that opened in the Fall of 2013 and is a carrier neutral data center located in Bettendorf, Iowa.
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Sysorex Investor Relations Contact:
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SOURCE: Sysorex Global Holdings Corp.
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