Worldwide Evaluating Information Technology Companies
NEW YORK, NY -- (Marketwired) -- 10/14/15 -- Worldwide Diversified Holdings, Inc. (OTC PINK: WNTR) ("Worldwide") announced today that it is evaluating opportunities to invest in companies that are involved in information technology ("IT") solutions.
Worldwide will focus on the acquisition of IT companies that have hardware and software sales with a focus on Cloud Computing. The target companies would be able to offer significant reduction in IT costs and increased efficiencies while being able to provide new opportunities for business growth. These companies would utilize security and networking technologies to manage IT services and storage capabilities. This would also include cyber security technologies.
The changing threat landscape and the increasing sophistication of attacks is a major challenge for an IT organization's information security strategy. From preventing attacks both inside and outside the organization to maintaining compliance with government and federal regulations, a comprehensive security strategy must not just protect data, but allow for secure access for employees and partners both inside and outside an organization. The opportunity is to help organizations understand which data needs protection and where sensitive information is kept, deploying best-in-class security solutions to prevent breaches and counter threats to data residing inside the network and data stored in the cloud.
The company will look for investment opportunities that possess strong market positions and management teams with a shareholder value approach. There would be potential for superior equity values through growth and consolidation. This would also provide for future dividends to Worldwide shareholders of the acquired companies.
The companies being evaluated will also focus on web accessible support services available for the exclusive use of its clients 24 hours per day, 7 days a week. The service would provide a single point of contact for technical support and trouble resolution across multiple network computing architectures and information system manufacturers.
Frank Kristan, President of Worldwide Diversified Holdings, Inc., stated: "The announced acquisition of EMC by DELL indicates that the information technology space provides a number of opportunities to create value for shareholders."
The company also announced that the previously announced tender offer has been extended to November 17, 2015 at 5pm EST to provide for financing to be completed.
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