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PORTSTMOUTH, NH & HO CHI MINH CITY, VIETNAM—Illucian, a US based software consulting and application development company, and IMT Solutions (www.imt-soft.com), a global leader in IT outsourcing based in Singapore, United States and Vietnam, announced today that they have reached an agreement to transfer the contractual assets of Illucian to IMT Solutions.

An Mai, CEO of IMT Solutions, said: “Illucian has a history of providing exceptional services and we look forward to continuing that tradition through a seamless transaction.  IMT is committed to serving both our new and long-standing customers as we continue to invest and grow.”

Frank Getman, CEO of Illucian, said: “IMT is the ideal partner to acquire our contract assets and continue to supply services to our valued customers, including ongoing development and support.  This agreement allows that to continue.”

The proposed structure for the transaction is intended to minimize client disruption for Illucian’s customers.  The companies anticipate a quick and seamless integration, utilizing the combined strengths of their respective management teams to implement a smooth transition.

Contacts

Media:

IMT Solutions

An Mai, +84 28 3811 7742

Or

Illucian

Frank Getman, 603-294-4850