Midas CEO and co-founder, Mr. Nana Baffour, commented on the announcement. “Graduating to a senior U.S. exchange is a high priority for Midas given the tremendous progress we have made growing our business through a combination of organic growth and accretive acquisitions in the United States and Brazil. Midas’ management team and our board of directors are confident that a senior listing will be of tremendous benefit to existing and potential shareholders. Not only would we expect a senior exchange listing to allow us to attract additional investors and increase liquidity, it would also make Midas available to a broader segment of the institutional community as we strive to make further improvements to our revenue, and enhance shareholder value.”
Midas supplies companies and institutions with virtualization, cloud computing, and data management solutions. The company helps optimize IT and data center investments, reducing data loss and cutting energy use, and also works with utilities in the U.S. and Brazil to improve the efficiency of the electric grid through the application of digital technologies.
Midas serves a diverse list of more than 700 clients, from mid-sized to Fortune 1000 companies. Midas’ comprehensive green IT and Smart Grid solutions are provided to customers around the world, including Pepsi, HP, Oracle, PBS, AT&T, Oracle, National Grid, the International Monetary Fund, and many more. The company’s stated mission is to become a leading global provider of green IT and Smart Grid solutions.
For more information on Midas Medici, please visit: www.MidasMedici.com
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