–RiT CIS Ltd., RiT's Russian
Distributor, formed strategic alliance with several major Russian
IT-Corporations, expected to increase revenues in said region
RiT Technologies (NASDAQ:RITT), a leading provider of Converged
Infrastructure Management Solutions that enable companies to
maximize utilization and security of their network infrastructure,
announced today that RiT CIS Ltd.-its Distributor in Russia ("RiT
CIS"), had formed strategic alliance with several major
IT-companies in Russia.
These IT companies are MAYKOR (through its
subsidiary CRT Service), a leading Russian provider of IT and
business process outsourcing; CTI, one of the
largest players in the Russian market of innovative communication
and I-Teco (through its subsidiary Rasse Ltd), a
member of the top ten domestic system integrators in Russia.
Strategic alliances provide access to new projects that
strengthen RiT's position in the Russian and CIS markets of
engineering infrastructure, networking, telecommunications and
low-voltage systems.
The plan is to offer comprehensive solutions for the most
attractive vertical markets, major corporations and government
agencies of Russia.
"Thanks to the alliance, MAYKOR has the opportunity of moving to
a qualitatively new level of data centers infrastructure and cable
systems support. Our professionals have access to technical
training on the entire RiT equipment line, that guarantee high
quality service to our customers," – said Leonid Futlik, Vice
President of MAYKOR.
"Strong growth in partners network of RiT is an important
achievement in the Russian market," commented Dariusz Zajac,
director of RiT CIS. "We are developing cooperation with the market
leaders in the field of intelligent network solutions and providing
converged IT infrastructure management solutions to large
corporations, government agencies and different corporate
customers. Thanks to cost reduction and logistic optimization, we
have formed the best price offer for the Russian business.
We laid the foundation for joint participation in major
projects, including the development and maintenance of IT
infrastructure of corporate customers in the Moscow region. The new
alliances allow to combine the experience and expertise of said
major IT companies with RiT's innovative solutions. Due to the
aforesaid, we expect significant increase in revenues and market
share in Russia and CIS," Mr. Zajac concluded.
About MAYKOR
MAYKOR (MAYKOR LLC) is the
largest company in the Russian IT and business process outsourcing
market. It is included in a TOP 100 World's Best Outsourcing
Service Providers according to IAOP and in a TOP 10 leading
providers for the EMEA in the "Breakthrough 10 Sourcing Standouts"
category by ISG Outsourcing Index. With a network spanning 83
branches and 400 local offices throughout Russia, MAYKOR delivers
services on the driving principle of "one-stop shop". MAYKOR's
customer base consists of more than over 1200 customers
across all industries including Russia's largest geographically
distributed companies.
The company employs more than 5,200 specialists. MAYKOR
maintains a unique competence center, specialized enhanced training
programs for technical staff, well-developed logistics
infrastructure, an automated service quality monitoring and control
system, and an ISO-compliant quality management system. MAYKOR's
subsidiaries include GMCS and BTE.
About RiT Technologies
RiT Technologies (NASDAQ:RITT) is a leading provider of
converged IT infrastructure management and connectivity solutions.
RiT offers a platform that provides a unified way to manage
converged systems and services to improve network utilization,
streamline infrastructure operations, reduce network operation
cost, optimize future investments and enhance data security.
RiT's connectivity solutions include IIM - Intelligent
Infrastructure Management, high performance end-to-end structured
cabling solutions.
RiT Technologies' subsidiary RiT Wireless Ltd. produces a range
of optical wireless solutions under the Beamcaster brand, which
provide high speed, highly secure data communications across indoor
open spaces.
Deployed around the world in data centers, large corporations,
government agencies, financial institutions, telecommunications,
airport authorities, healthcare organizations and educational
facilities. RiT's shares are traded on the NASDAQ Capital Market
under the symbol RITT.
About RiT CIS
RIT CISLTD., is an official distributor of RiT Technologies,
specializing in creating Converged Infrastructure Management
Solutions and physical connections in Russia and CIS. The company
is actively developing its partner network and increasing the
availability of optical wireless solutions under the Beamcaster
brand, Intelligent control systems and high-performance
end-to-end structured cabling solutions (SCS) for business
and government organizations. RIT CISLTD., demonstrates every year
high growth rate. Thanks to the professional engineering team and
experienced account managers, the company has successfully
cooperated with the largest system integrators in Russia and
CIS.
Safe Harbor Statement
In this press release, all statements that are not purely about
historical facts, including, but not limited to, those in which we
use the words "believe," "anticipate," "expect," "plan," "intend,"
"estimate", "forecast", "target", "could" and similar expressions,
are forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. For example, when we
discuss the planning and expectation of increased revenues in
Russia and CIS territories, we are using forward-looking
statements. While these forward-looking statements represent our
current judgment of what may happen in the future, actual results
may differ materially from the results expressed or implied by
these statements due to numerous important factors, including, but
not limited to, those described under the heading "Risk Factors" in
our most recent Annual Report filed with the Securities and
Exchange Commission (SEC) on Form 20-F, which may be revised or
supplemented in subsequent reports filed with the SEC. These
factors include, but are not limited to, the following: our ability
to raise additional financing, if required; the continued
development of market trends in directions that benefit our sales;
our ability to maintain and grow our revenues; our dependence upon
independent distributors, representatives and strategic partners;
our ability to develop new products and enhance our existing
products; the availability of third-party components used in our
products; the economic condition of our customers; the impact of
government regulation; and the economic and political situation in
Israel. Except as otherwise required by applicable law, we
expressly disclaim any obligation to update the forward-looking
statements in this press release, whether as a result of new
information, future events or otherwise.
CONTACT: Kobi Haggay
VP Products and Marketing
M: +972.54.4338382
kobi.haggay@rittech.com
www.rittech.com
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