Austin-based National Energy Services Co. acquired Propalms International Ltd. for an undisclosed amount.
National Energy Services Company, Inc. (OTC.BB: NEGS) and its subsidiaries are publicly traded companies in the USA. Their current subsidiary in the Green IT Division sell, service and train clients’ personnel on necessary software to integrate, manage and maintain medium-sized IT departments migration to, plus implementation and maintenance of deployed virtualization, storage and utilization of cloud computing technology.
Propalms International Ltd has signed a worldwide marketing and sales agreement between Propalms Inc’s wholly owned subsidiary, Propalms Ltd, a UK corporation and the newly formed Propalms International Ltd, a Nevada corporation.
Propalms International will be responsible for overseeing the daily marketing, sales, and distribution network of Propalms software product line, which includes Propalms TSE 6.0, Propalms VPN, and Propalms VDI, and any new applications that are being developed, and in return will pay a royalty on the revenue generated by the current and future products agreement for the sales of several software products in the virtualization and cloud computing market. Propalms International will also manage the 48 distributors in the U.S., U.K., Japan and India, Canada, Western Europe plus several other international locations.
Nevada-based Propalms International Ltd. was formed recently to provide worldwide marketing and sales for U.K.-based Propalms Ltd., which is developing a suite of software products in virtualization. Propalms International will also manage 48 distributors in the U.S., U.K., Japan, India, Canada, Western Europe and several other international locations.
This purchase is one of several acquisitions and/or ventures expected to be completed during the remainder of this calendar year to make us a leader in the vibrant and rapidly expanding Cloud Computing Market. Virtualization and cloud computing has been described as a potentially a $63 billion dollar market globally with approximately 3% currently deployed. Major IT companies have recently purchased other companies in this space with prices ranging from $50 million to $4 billion dollars proving the viability and exploding growth capabilities of companies properly positioned to take advantage of the market. We intend to be a company positioned by reaching critical mass through acquisitions and internal product rights development agreements over the next 18 months.
National Energy Services Company, Inc.
Global Green Resources
16238 Ranch Road
Austin, Texas 78717
877 249 9089