Futuris
Company Announces Acquisition of
Computer Deductions Inc.
FAIRFAX, VA -- April 27, 2021 -- InvestorsHub NewsWire
-- Futuris
Company (OTC:FTRS)
a
consolidator of companies within the Solutions, Staffing and
Technology space, is proud to announce the completion of
the
acquisition
of
Computer Deductions Inc
(CDI),
a software development service provider and management
consultant.
Computer Deductions Inc. provides software development
services to major corporations such as AT&T, DEC, IBM, NEC,
Tandem, and UNISYS. The Company focuses on the design and
development of large custom systems such as high-volume message
switches, large database systems, and the automation of large
clerical systems. Additionally,
the company
provides top management consulting services to produce feasibility
studies, procurement documents, special studies associated with
automation or communications, and assisting customer staff in the
development of automated systems. Notably, CDI has
developed
communication line handlers for Disney, California Department of
Justice, California Department of Motor Vehicles, and
Tandem. The company has
created
hardware
independent biometric processing software for mobile devices and
tablets. Additionally, CDI is registered as a Value Added
Reseller (VAR)
for Unisys, HP, NCR, and Dell, supplying computer equipment and
software. CDI boasts an EBITDA of
$1.265 Million at the current rate.
"Success in the industry is
driven by access to the latest and most efficient technology and
techniques, marketing expertise, consistent sources of work, the
ability to vary services to suit different needs, effective quality
control, and having a good reputation. CDI excels in each of these
areas and is well positioned for continued future growth and
success," says Tom Calabro, CEO of Computer
Deductions Inc.
Tom Calabro
has over
forty
five years of
experience in the public sector marketplace, with an emphasis on
Law Enforcement, Public Safety and executive management.
His
specialties include a focus on
Biometric processing, matching and identification technologies from
matching servers to desktop Livescans
to
Mobile Identification devices and technology,
systems
integration and consulting, program development and operations
expertise with systems of all sizes, from mobile to desktop to
mainframe computer systems.
During
the course of the last
twenty years, Tom has functioned in the capacity of Executive Vice
President and Sales Mgr. at the Sacramento Corporate headquarters
Office of Computer Deductions Inc. His responsibilities include but
are not limited to New employee recruitment, Performance and Salary
review of Sacramento and southern California based employees,
defining office policy, day to day office operations and Pre-Sales
manager and support operations.
CDI operates from two
facilities: (1) a 4,100 square foot office in Orangevale,
California; and (2) a 6,440 square foot office and installation
shop in Santa Ana, California. CDI's staff totals 38 full-time and
3 part-time, non-union employees, including 4 active
principals.
"After
a lengthy transaction
period,
we
are pleased
to welcome
Computer Deductions Inc. to our Futuris
family. This
acquisition adds to the value of our company and is a continuation
of strategic plans we have for our
robust
acquisition pipeline and expedited
growth plans.
We
are in the midst
of several
transactions.
Once finalized, we
will be able to disseminate information to the public," says
President, Kalyan Pathuri.
We encourage
shareholders to continually visit our website and social media
platforms for updates.
Website: www.futuris.company
Twitter: www.twitter.com/futuriscompany
About
Futuris
Company
Futuris
is
a Human Capital Management (HCM) company focused on the acquisition
and operation of Executive Search, Staffing and Consulting
Companies that specialize in professional service verticals such as
Medical, Accounting/Finance, Information Technology, Recruitment
Process Outsourcing (RPO), and Human Resources. The Company is
committed to building a global staffing company through highly
targeted and accretive acquisitions and operational efficiencies.
For more information, please visit http://futuris.company/.
Forward-Looking Statements
Certain
statements contained in this press release are "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, including, without limitation, anything
relating or referring to future financial results and plans for
future business development activities, and are thus prospective.
Forward-looking statements are inherently subject to risks and
uncertainties some of which cannot be predicted or quantified based
on current expectations. Such risks and uncertainties include,
without limitation, the risks and uncertainties set forth from time
to time in reports filed by Futuris
Company with
the Securities and Exchange Commission. We have based these
forward-looking statements largely on our current expectations and
projections about future events and financial trends affecting the
financial condition of our business and although the company
believes that the expectations reflected in such forward-looking
statements are reasonable, it can give no assurance that such
expectations will prove to have been correct. Consequently, future
events and actual results could differ materially from those set
forth in, contemplated by, or underlying the forward the
forward-looking statements contained herein. The company undertakes
no obligation to publicly
release statements
made to reflect events or circumstances after the date
hereof.
Contact Information
Futuris
Company
Preya
Narain
Email: info.it@futuris.company
Phone: (347)
837-0626