expanding...
New Dimension Software Establishes Mexican Operations
New Subsidiary Chartered to Strengthen Company's Presence in Mexican and
Central American Markets
TEL AVIV, Israel, April 13 /PRNewswire/ -- New Dimension Software, Ltd. (Nasdaq: DDDDF) has announced the establishment of New Dimension Software de Mexico S.A. de C.V., a wholly-owned subsidiary based in Mexico City. The new company will be responsible for all sales, marketing and technical support for New Dimension Software products in Mexico.
A premier developer of systems management software, New Dimension Software distributes its line of Integrated Operations Architecture(R) for the Enterprise (IOA(R)/Enterprise) products into more than 40 countries worldwide. The Company first entered the Mexican market in 1991, and currently has more than 30 customers in the region.
With the establishment of the new subsidiary, the Company has relinquished a distribution agreement with Casa De Software Mexicana (CSM), its former distributor for the Mexican market. New Dimension Software and CSM have mutually agreed on the terms by which they will terminate the distributorship and ensure a smooth transition for customers in the region.
To lead the new Mexican organization, New Dimension Software has appointed Francisco Favela Sauri, formerly of CSM, to serve as its general manager.
"The decision to establish a Mexican subsidiary reflects the Company's commitment to the Mexican and Latin American markets," said Dan Barnea, CEO of New Dimension Software. "I wish to thank CSM, which we believe has been effective in establishing our market presence in Mexico. At this point, we believe we are well positioned to build on this success, and we look forward to working closely with both Mr. Favela and with CSM to guarantee the smooth transfer of activities to the new company. Among our goals for the new subsidiary, we are working to expand the distribution of our products into other Central American countries. We believe this region holds many opportunities for us."
"We are enthusiastic about the establishment of this new organization, which we believe will allow us to both expand our market presence in Mexico and to work more closely with our customers across the country," said Noam Bizman, the Company's vice president of Latin American operations. "We believe there is tremendous business potential for us in Mexico, and that we are well positioned to bring our line of advanced enterprise-wide systems management software to the region."
For more information
For more information on New Dimension Software products in Mexico and Central America, please call 525-281-2905. In the U.S. and Canada, please contact New Dimension Software's U.S. subsidiary at (800) 347-4694. For sales inquiries outside of North America, contact the local New Dimension Software subsidiary or distributor. Inquiries can also be directed to New Dimension Software's headquarters in Tel Aviv at 972-3-645-1111 or to the Company's home page at www.ndsoft.com.
New Dimension Software
New Dimension Software is a premier developer of systems management software for complex distributed systems. With the Company's tightly integrated family of products, all aspects of enterprise production, output and security management are effectively managed. By managing the flow of information between applications, systems, end users and administrators, New Dimension Software products allow organizations to achieve their business goals. Founded in 1983, the Company is based in Tel Aviv, with its North American subsidiary's headquarters in Irvine, Calif. and regional offices throughout the United States, Canada, Mexico and Australia. The Company's products are currently licensed to over 2,150 customers in more than 40 countries.
Certain statements made herein that are not historical, using the terms "estimate," "intend," "expect," "believe," and similar expressions, are forward looking statements within the meaning of the Private Securities Reform Act of 1995. Such forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance and achievements of the Company to differ materially from those implied by such forward-looking statements, including risks associated with carrying out strategic relationships (including termination of the relationship); changes in business conditions and growth trends affecting the Company's products and markets; timing of development, announcement and introduction of new products by the Company and its competitors, and the market demand for such products; continuing availability of key components and technologies; changes in consumer and business purchasing patterns, and other factors listed in reports filed by the Company with the Securities and Exchange Commission from time to time.
I0A and Integrated Operations Architecture are registered trademarks of New Dimension Software, Ltd. New Dimension Software, Ltd. recognizes all other companies' trademarks. |
