Press Release
New York, New York - (January 31, 2005) - Halo Technology Holdings, Inc. (OTC BB: HALO) announced today that it has completed the acquisition of Gupta Technologies, LLC from Platinum Equity.
In announcing the acquisition Warp CEO Ron Bienvenu said, "This acquisition is an important achievement for both Halo Technology Holdings and GUPTA. For Warp, this transaction marks the first step in our plan to create a sustainable, profitable and exciting technology company that is attuned to today's market environment.
"We believe that GUPTA is exactly the kind of customer oriented, bottom line focused company that fits our long-term strategic goals," Mr. Bienvenu said. "We are committed to sustaining high-quality service levels for GUPTA's loyal customer base, and to building an even stronger organization in the future."
GUPTA CEO Jeff Bailey said: "We are excited to be working with Ron and his team to build the premier cross-platform development tool and embeddable database company in the industry. Long known for our Windows-based products, our new Linux versions allow our customers to develop and support both Windows and Linux based applications with the same code line. We will continue to place our customers' needs first and I am confident that the ownership transition will be transparent to our customers."
As previously reported in the company's regulatory filings, Warp agreed to acquire GUPTA via a Purchase Agreement Assignment and Assumption with ISIS Capital Management. Funding for the transaction was led by Crestview Capital Funds, Inc.
Full details regarding the transaction will be contained in the company's regulatory filings. Warp will host a shareholder conference call on Friday, February 4th at 10:00 AM Eastern to discuss the acquisition and next steps for the company. For shareholders and investors wishing to participate, please use the following information:
Toll free - 800-944-8766; passcode - 21288 #
International - 317-713-0002; passcode - 21288 #
HALO Technology Holdings, Inc. is a global provider of a diversified range of standards-based enterprise software applications and on-demand solutions. HALO's strategy is to acquire and operate enterprise software companies with a commitment to sustainable growth. HALO portfolio companies focus on customer service, product quality and profitability to build long term customer relationships and ensure customer satisfaction today and into the future. Everyday, thousands of corporations and institutions from across the globe rely on our portfolio companies to deliver high quality, enterprise class software and services. For more information, please see our website at www.haloholdings.com.