Press Releases > 2006  

London, TX ; Denver, UK and Bangalore, India - July 24, 2006: Knowledge Space International, a provider of domain-specialized technology services in the global financial markets (GFM) and converged communications markets (CCM) , today announced that it has expanded its presence in the Telecom Cable Satellite Media & Entertainment sector with the acquisition of Retreon Inc.

Knowledge Space International, with a proven capacity for global delivery, has numerous Fortune 100 clients across the Telecom, Finance, and Media sectors.

Retreon, based in Greenwood Village Colorado USA, is a young three old company led by senior industry professional James M. Ross and co-founders Craig A. Ross and H. Rasch Young. Retreon has deep domain expertise within the telecom, cable and satellite industry. The company has a strong roster of clients and has over 50 consultants in Denver, the heartland of the cable industry in the USA. Retreon through its high-end consulting services and Fusion Point software suite provides high value services to clients at every stage of the business process from gathering business and technical requirements, to architectural design, package selection, custom software development, systems implementation and on-going Managed Services.

With the acquisition of the Retreon team, Knowledge Space International has now grown its worldwide team to 650.

"We are pleased and excited to welcome Retreon into our corporate family,” said Knowledge Space International CEO Azim Ali, who noted that Retreon CEO Jim Ross would provide maturity and leadership into the senior management team as a member of the Board of Directors and as Knowledge Space International’ Chief Strategy Officer. “With the acquisitions of high end consulting business of Retreon and earlier with the offshore based media solutions company Recreate Solutions alongside Knowledge Space International’ traditional core offerings within the telecom industry; we now have built a base for a tremendous business thrust in the next three years.”

Having made all these acquisitions and in order to drive synergy of the businesses with a clear strategic direction, Knowledge Space International has merged all these companies and it’s telecom practice into the Converged Communications Markets Group. Jim Ross has been mandated to head this Global P&L Group as Executive Vice President & General Manager. This Group consists of the Industry Verticals of Telecommunications Service Providers (Wire-line and Wireless), Cable & Satellite Service Providers, and Media & Entertainment company’s.

Says James M. Ross, CEO of Retreon “I am delighted to become a part of the Knowledge Space International family. Knowledge Space International with their deep relationships with clients, the newly acquired companies and their use of global delivery models. Knowledge Space International is well poised to take advantage of the converged communications markets as convergence rolls out across North America, Europe and Asia-Pacific. As the Head of the newly formed Converged Communications Markets (CCM), my challenge is to drive synergies from these individual great businesses and in the end drive value for our shareholders and our clients.”

For information on Knowledge Space International/Retreon transaction and the CCM, please contact Rahul Karnik at 972 900 7458 or visit   http://www.KnowledgeSpace.co.uk  and http://www.retreon.com