Codima Logo Vertical RGB 041508

News Release           

www.codimatech.com

 

 

 

For further information please contact:

Christer Mattsson, CEO, Codima Inc

pressinfo@codimatech.com 

610-678-6900

Codima Inc. (CDMA.PK) Announces Update to Corporate Profile

 

PHILADELPHIA, PA. – February 8, 2010 Codima Inc. (CDMA.PK), global provider of integrated network management software products for companies scaling from the small enterprise to the Fortune 100’s, today announced the availability of the updated Codima Corporate Profile.

 

Following the Solarwinds (SWI) IPO in May 2009, the network management industry has come into focus of the investor community. Codima CDMA is releasing its updated corporate profile, reflecting the roll out covering over 40 countries and successful product launch of a fully integrated network management solution in 2009.

 

Stephen Poole, Chairman of Codima comments;

 

“In 2009 Codima has taken a big leap forward. The organization has grown significantly implementing the “All Business is Local” channel strategy, directly leading to increased revenue. Opening new markets is often costly and involves time consuming cultural integration. Codima has implemented local organizations with local knowledge and local networks, making it possible to rapidly adapt to new markets. “

 

Throughout 2009 the company has opened offices in Argentina, (covering all Latin American countries) Benelux, Denmark, France, Ireland and Scotland, in addition to the existing offices in the US, Australia, DACH, Japan, Sweden and the UK. Codima currently has operations in 11 countries covering all continents. 

 

Codima Toolbox, the complete solution is now successfully launched in all markets, serving the growing customer base of more than 2,500 users.

 

Corporate Profile:

 

Codima Inc. (CDMA.PK) is headquartered in Philadelphia, PA with global reach supported by eleven offices across North America, EMEA, Latin America, Asia and Australia.

 

The company provides best practice software tools for IT Asset Management and VoIP Management to help organizations, scaling from the small enterprise to the Fortune 100’s, to manage their business critical IT networks.

 

Utilizing the Codima Toolbox, organizations can reduce IT costs by documenting and visualizing IT assets. This simplifies IT budgeting, auditing, and compliance. The solution also reduces installation costs and minimizes expensive network downtime as well as improving Quality of Service by pre assessing, monitoring and troubleshooting both data and VoIP networks.

 

Codima Toolbox is the only offering in the market with fully integrated products that automatically discover what software and hardware are installed on any network, visualize the information directly using a Microsoft product, then monitor and visualize network problems. Furthermore the integrated products determine if a VoIP system can be installed and once the VoIP network is in operation the products monitor call quality and troubleshoot in real time.

 

Codima, a Microsoft Certified Partner and an Avaya DevConnect Gold Partner reselling online and through partners globally, has local organizations in the US, Argentina, Australia, Benelux, Denmark, France, Germany, Ireland, Japan, Sweden and the UK.

 

Codima Toolbox serves financial institutions, governmental agencies, service providers, system integrators and large organizations in addition to medium and large companies.

 

Codima Inc. Company Detail:

Industry: Software

State Of Incorporation:  NV

Jurisdiction of Incorporation:  United States

Company Officers:  Stephen Poole, Chairman, Christer Mattsson, CEO, Philip Friend, Director

Organization: (as of 01/14/2010):  65 people

Fiscal Year End:  12/31

Transfer Agent:  PacWest Transfer

Legal Counsel:  Setley, Rauch & Bucolo, Esq.

Ticker: CDMA.PK
Exchange: Pink Sheets
52 Week High: $0.99
52 Week Low: $0.02
Shares outstanding: 36,650,234 as of  Jan 14, 2010
Estimated Market Cap: $10, 995,070 as of Jan 14, 2010
Float (Shares): 2,082,740 as of Jan 14, 2010
Shareholders on record: 403 as of  Jan 14, 2010

Cautionary Note Regarding  Forward-Looking Statements: 

This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including but not limited to statements regarding the Company's beliefs and expectations about the performance and benefits of its technology; marketing and commercialization activities; and our beliefs regarding research and development efforts. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements herein are based on information available to us as of the date hereof, and we undertake no obligation to update forward-looking statements to reflect events or circumstances occurring after this date. 

Source: Codima Inc.