KKSV...HUGE NEWS...BIG ACQUISITION...UP 400% and still moving.
Press Release Source: KKS Venture Management, Inc.
KKSV Enters into a Letter of Intent to Purchase the Majority of Codima Technologies Ltd.
Tuesday February 12, 11:22 am ET
PHILADELPHIA--(BUSINESS WIRE)--KKS Venture Management, Inc. (OTC:KKSV - News) today announced that it has entered into a Letter of Intent (LOI) to purchase the majority control of Codima Technologies Ltd. Codima Technologies is a privately held company based in London, UK and a global provider of best practice software tools. Terms of the agreement were not disclosed.
Codima Technologies develops; sells and markets Codima Toolbox, software tools for VoIP Management and Infrastructure Management helping organizations manage their network infrastructures.
Codima Toolbox delivers a unique beginning to end solution.
The VoIP tools test VoIP networks for VoIP readiness and adds post-deployment monitoring, troubleshooting and analysis to ensure Quality of Service for VoIP networks.
The Infrastructure Management tools discover, visualize and report on hardware and software installed, on any network using Microsoft® Office Visio®.
Main tools are Codima autoVoIP™ and Codima autoMap™.
Codima Technologies has formed several partnerships and is a key solution provider to Microsoft® Visio® Toolbox, a Microsoft® Partner and an Avaya Gold Partner.
“KKS Venture Management, Inc. is focused on driving combined growth and value. In working with Codima Technologies we have experienced a company with good resources in technology and business. We expect to achieve good results as we move forward in this planned business combination.” comments KKS Venture Management, Inc. CEO Alfonso Knoll.
“Codima Technologies delivers an easy to use, cost efficient, versatile and highly visual solution that has been very well received by the market. In our continued commitment to enhance our technology and business operation we welcome new opportunities to take Codima Toolbox forward.” says Christer Mattsson, CEO at Codima Technologies. “The LOI entered with KKS Venture Management, Inc. consolidates our aim to drive growth and value.”
Cautionary Note Regarding Forward-Looking Statements:
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date.
ABOUT KKVS
KKS Venture Management, Inc. (KKSV) is a venture holding company focused on the development and commercialization of web based properties and technologies. The Company utilizes both proprietary and licensed technologies to support and power its projects. With expertise in both development and commercialization, KKVS looks for opportunities that have online and mobile applications. The Company actively searches for new and exciting properties that have edge and connectivity potential.
For more information on KKVS please contact: CEO Alfonso C. Knoll, 610-678-6900
ABOUT CODIMA TECHNOLOGIES
Codima Technologies best practice software tools help organizations manage their network infrastructures from beginning to end. Codima Toolbox delivers tools for VoIP network pre-assessment, traffic simulation, post-deployment monitoring and troubleshooting to ensure successful VoIP implementations, as well as network inventory and network visualization tools using Microsoft® Office Visio®. Focused on easy to use, cost-efficient, highly visual and modular tools, Codima is a leader in VoIP Management and Infrastructure Inventory. Codima has offices in London, Philadelphia, Johannesburg, Stockholm, Sydney and Tokyo and supports partners globally.
For more information on Codima please visit www.codimatech.com
Contact:
KKS Venture Management, Inc.
Alfonso C. Knoll, 610-678-6900
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Source: KKS Venture Management, Inc.
