Tectura Announces Divestiture of Subsidiary

Tectura Corporation divests majority interest in Tectura GmbH, Berlin
By: Tectura Corporation
 
March 8, 2011 - PRLog -- San Mateo, California USA — Tectura Corporation, a leading global provider of business consulting services and implementation and integration  services relating to Microsoft Dynamics technologies and products, announced today that it has divested as of February 28, 2011 its 51% interest in Tectura GmbH, Berlin to Uwe Bergmann, who now owns 100% of Tectura Berlin.  Tectura Berlin also owns a majority interest in Tectura Dresden.  Tectura Berlin and Tectura Dresden focus on providing Microsoft Dynamics technologies and products and services related to those and other technology products to businesses in the eastern region of Germany.

In connection with the stock transfer, the companies have entered into a partner agreement that will allow the companies to share certain technologies owned by each other and to collaborate on certain client engagements in the future to bring maximum value to their respective clients.

Tectura Berlin and Tectura Dresden expect to change the names of the entities not later than the end of May 2011.

“Tectura Berlin and Tectura Dresden have performed well in their respective markets since becoming part of Tectura in 2004.  We thank Mr. Bergmann and the employees of Tectura Berlin and Tectura Dresden for their contributions to Tectura over the past several years.  We wish them well as they establish themselves as standalone businesses,” stated Duane W. Bell, Chief Executive Officer of Tectura Corporation.
                                                                                           
About Tectura Corporation
Tectura is a worldwide provider of business consulting services providing sustainable value through consulting, software and IT implementation. Our clientele include mid-sized companies and larger enterprises throughout the Americas, EMEA, and Asia Pacific.  With team members in 20+ countries, Tectura applies its comprehensive industry knowledge and unparalleled experience in collaboration with our clients to deliver business and technology strategies and solutions designed to achieve their business performance goals.  Learn more at www.tectura.com.

For additional information: MediaRelations@tectura.com

Special Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" relating to, without limitation, future economic performance, plans, and objectives of Tectura Corporation for future operations and projections of revenue and other financial items that are based on the beliefs of, assumptions made by, and information currently available to Tectura Corporation. The words "expect," "estimate," "anticipate," "believe," "intend," "plan" and similar expressions and variations thereof are intended to identify forward-looking statements. The cautionary statements in this press release and the assumptions used in the preparation of the forward-looking statements identify and involve important factors with respect to such forward-looking statements, including certain risks and uncertainties, which could cause actual results or the benefits that Tectura Corporation might derive to differ materially from those expressed in or implied by such forward-looking statements.Products mentioned in this release are registered trademarks or trademarks of their respective holders.

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Tectura is a worldwide provider of business consulting services delivering exceptional service and sustainable value through consulting, software and IT implementation.

TECTURA | Your business. Our Insight.
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Source:Tectura Corporation
Email:***@tectura.com Email Verified
Zip:94402
Tags:Tectura, Germany, Microsoft Dynamics, Business Consulting Services, Stock Transfer
Industry:Business, Software, Services
Location:San Mateo - California - United States
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