InsynQ, Inc. Announces Acquisition of Aptus Corp.
TACOMA, WA, 03/07/2005 -- InsynQ, Inc. (OTC BB: INSN), a premier provider of Internet-delivered application hosting solutions and services, announced today its acquisition of Aptus Corp., the owners of Appgen Software Solutions and QwikQuote Software, is finalized. Aptus Corp. will continue as a private corporation owned and operated by InsynQ, Inc.
InsynQ’s hosting service enables business and finance professionals to work closer with their clients by using the Internet as a wide-area network, and frees permitted users to access real-time financial and business data from any Internet-connected computer. The acquisition of Aptus Corp. gives InsynQ flexibility to deliver Linux-native Appgen business software in a variety of Operating System platforms including within a hosting environment.
Previously, much of InsynQ’s services were focused on Windows™-based application hosting. Appgen software and systems will improve the flexibility and cost-efficiency of InsynQ’s delivery by using Linux-based application servers that enable customers the choice of multiple platforms. One example is the previously announced low-cost, online version of Appgen’s MyBooks Professional software, which is being developed with InsynQ’s collaboration. The low cost is attributable to the fact that there is no need to host a Windows environment or desktop, since the software is Linux-based at the server and has a client connector application for Windows, Linux or Mac.
In addition to the multi-platform advantage that Appgen brings InsynQ, there is also its powerful software development platform, the Appgen Fourth Generation Language (4GL), Development System and Database. “Appgen delivers to InsynQ a powerful application development platform which our resellers and business partners can utilize to create an entire new generation of Internet-enabled applications and services -- affordably and efficiently,” said John Gorst, Chairman and CEO of InsynQ.
“The small and medium-size business market has been looking for this powerful combination that InsynQ and Appgen can now deliver,” stated Errol Allahverdi, manager of Appgen Software Solutions. “The strength of the Appgen 4GL and rapid applications development, combined with InsynQ’s application management and delivery know-how, opens doors for affordable software customization for unique business needs with the freedom of anytime-anywhere access to company data.”
InsynQ will also add value and capability to Aptus Corp.’s QwikQuote Software through offering rental and hosting of the award-winning sales quoting application via InsynQ’s application delivery infrastructure. Already offering hosting services for popular Windows-based contact management solutions, InsynQ sees the addition of QwikQuote to the model as a powerful part of fully enabling a remote and mobile sales force.
InsynQ has been delivering outsourced software application hosting and managed IT services since 1997. InsynQ allows business customers to “turn on” their software applications and workstations instantly through any Internet-connected computer, regardless of operating system. What’s more, InsynQ subscribers can freely access their software and data -- fully virus-protected and automatically backed up -- from any computer, anywhere in the world. The company also offers IT and network integration consulting, a broad range of business application services, and infrastructure management services. For more information, visit us at www.insynq.com or call us at 253-284-2000.
Statements made in this press release that state the Company or management’s intentions, beliefs, expectations, or predictions for the future are forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company’s actual results to differ materially from those projected in such forward-looking statements. These risks, assumptions and uncertainties include: the ability to complete systems within currently estimated time frames and budgets; the ability to compete effectively in a rapidly evolving and price competitive marketplace; changes in the nature of telecommunications regulation in the United States and other countries; changes in business strategy; the successful integration of newly-acquired businesses; the impact of technological change; and other risks referenced from time to time in the Company’s filings with the Securities and Exchange Commission.
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