ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for discussion Register to chat with like-minded investors on our interactive forums.

XRM Xrm Global

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Xrm Global TSXV:XRM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

xRM Global Launches xRM High Touch-High Trust Utility in the Middle East

05/05/2010 2:23pm

Marketwired Canada


xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM) is a Software-as-a-Service
(SaaS) solutions provider that empowers enterprises to use intelligence
generated from business television and the Social web to create and manage
high-trust relationships within the Wealth Management and Insurance sectors.


xRM Global is pleased to announce the execution of a Strategic Master Reseller
Agreement with 5M Technologies WLL ("5M"). 5M will act as xRM Global's exclusive
regional distributor in the Middle East and North Africa (MENA). 


"This launch furthers the Company's global growth strategy, providing local
support for our enterprise customers across the MENA region" said Gary
Bartholomew, CEO of xRM Global. "This strategic alliance with 5M Technologies is
extremely valuable as they have the resources to reach the large enterprise
customers directly. Our selection process reviewed several strong regional
candidates. 5M had the balanced mix of direct, channel, global vendor expertise
and knowledge of key accounts that we look for in a partner. In the end, it was
the 5M team's ability to align with our corporate vision and their commitment to
results that was superior to the other candidates. We are confident that this
partnership will be a major success."


Under the terms of this agreement, 5M has regional growth targets in place with
an execution plan focused on profitable expansion into the key markets of
Kuwait, United Arab Emirates, Saudi Arabia, Egypt, Qatar, Jordan, Lebanon and
others.


The regional target forecast is for 4,800 seats within 12 Enterprise customer
accounts. The early qualification of lead customers and opportunities will
enable the necessary modifications to ensure rapid uptake in this market.
Further, with their depth of channel experience, 5M have identified eight to ten
third-party VARs who will be sub-licensed to expand their regional coverage.


Once in place, the network of Master Reseller and VARs will provide extensive
coverage to the region and will serve as the launch platform for additional
products which are currently in development. Product will range in price from
$40 to $200/month per seat. The potential contract revenue of the current
opportunities in xRM Global's MENA pipeline is in excess of $US10M annually.


"xRM Global's High Touch - High Trust Utility and its Wealth Intelligence and
Insurance solutions are exactly what our enterprise customers are looking for."
stated Mr. Abdulaziz Al Abdullah, CEO of 5M Technologies. "We see great
potential to enhance our offering and grow our company with xRM Global's
innovative products."


ABOUT 5M Technologies WLL

5M Technologies WLL ("5M") is a privately-held systems integrator and technology
distributor with extensive experience throughout the MENA Region. Their mission
is to deliver innovative information technology solutions to corporate customers
through a network of partners and suppliers. They deliver best practice focused
solutions that span infrastructure, engineering and application delivery. 5M
Technologies, in conjunction with its partners, form a powerful technology
distribution company in Kuwait and MENA providing suppliers with access to
markets and customers with their end-to-end business solutions. 5M Technologies'
expertise, together with their suppliers and partners, deliver a range of
effective and efficient solutions that enable customers to focus on their core
business while reducing their costs. 5M Technologies is targeting the over
40,000 corporate customers in MENA with a range of products and solutions that
include cloud technologies and hosted applications. 5M Technologies' commitment
to its shareholders and partners is to help their clients achieve business gains
through cost-effective, standards-based solutions that leverage existing IT
assets.


About xRM Global Inc.

xRM Global empowers enterprises with on-demand, relationship management (RM)
solutions that monitor business TV and the social web to extract intelligence
relevant to their client's needs. Financial professionals use this intelligence
to enhance their client relationships with more frequent touch points, sharing
unique, relevant insights with their clients.


The xRM Utility platform and RM applications are changing the way Wealth
Management and Insurance companies communicate with their customers, including:




--  Ockham Research, global stock intelligence for individuals 
--  WealthRazor, global stock intelligence for wealth advisors 
--  xRM Wealth, relationship intelligence for wealth management practices 
--  xRM Insurance, relationship management for the insurance sector 
--  xRM Connect, CRM for sales and delivery channels 
--  Private Labelling, stock intelligence branded by Financial Services
    enterprises 



The company has offices in Canada, the U.S.A, MENA and Brazil. Additional
information about xRM Global can be found at www.xrmglobal.com and at
www.sedar.com.


Forward-looking Statements: This news release includes certain forward-looking
statements within the meaning of Canadian securities laws. Forward-looking
statements involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ materially
from those expressed in such forward-looking statements. Forward-looking
statements in this news release include, but are not limited to, economic
performance and future plans and objectives of xRM Global. Any number of
important factors could cause actual results to differ materially from these
forward-looking statements. Although xRM Global believes that the assumptions
and factors used in making these forward-looking statements are reasonable,
undue reliance should not be placed on these statements, which only apply as of
the date of this news release, and no assurance can be given that any such
events will occur in the disclosed timeframes or at all. xRM Global disclaims
any intention or obligation to update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise.


1 Year Xrm Global Chart

1 Year Xrm Global Chart

1 Month Xrm Global Chart

1 Month Xrm Global Chart