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Xenos Extends Its Reach Into Central America, Venezuela and the Caribbean

Xenos adds Puerto Rico-based Truenorth Corporation to its list of Global Value Added Resellers (VARs) to deliver Xenos Enterprise Server technology and solutions to its customer base of global financial services institutions

  • Press Release
  • Source: Xenos Group Inc.
  • On 7:06 pm EDT, Thursday June 25, 2009

TORONTO, ONTARIO--(Marketwire - June 25, 2009) - Xenos Group Inc. (TSX:XNS - News) today announced that it has inked a deal with Truenorth Corporation, one of the principal providers of information technology solutions in the Caribbean, to sell Xenos award-winning technology and business solutions to its extensive customer base.

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Chart for XENOS GROUP INC COM NPV
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Truenorth, based in Puerto Rico, has long-standing relationships with some of the world's leading banks and financial institutions. Projects are centered in time-honored fundamentals of viability, metrics, prudence and accountability. Truenorth offers six distinct but complementary service products targeted to rid the senior manager or CIO of many challenges associated with administering technology. They are an IBM Premier Business Partner and a Microsoft Gold Certified Partner, providing support and consultation in building and maintaining enterprise solutions.

"Truenorth has a long history and is highly experienced at delivering technical solutions and providing highly specialized services to our respected customer base," said Gabriel Fernandez, CEO of Truenorth Corporation. "Xenos gives us the opportunity to extend our offering and deliver focused enterprise solutions that address the business needs of financial institutions throughout the Caribbean, Central America and Venezuela."

Truenorth will focus on selling Xenos Enterprise Server(TM) (ES) technology and business solutions to complement its portfolio of offerings. Xenos high-performance Data and Document solutions streamline information supply chains-without re-engineering-by transforming and repurposing both structured and unstructured information. Xenos extends the value of existing technology investments, enabling organizations to increase efficiency, agility and accountability, while supporting Green IT initiatives.

"Xenos has a successful track record with its network of global VARs, who leverage our solutions for electronic statement presentment, enterprise report management, enterprise content management, document archive migration and print automation," said Carl Eisenbrei, Vice President, Eastern Region Xenos Group Inc. "This partnership with Truenorth is a natural extension to both companies' formidable experience with Global enterprise companies and financial institutions. We are proud to have them amidst our team."

About Xenos Group Inc.

Xenos (TSX:XNS - News) is the market-leading provider of high-performance software solutions that deliver a superior Return on Information(TM) by Streamlining Enterprise Information Supply Chains(TM). The company's solutions, based on the scalable Xenos Enterprise Server(TM) and its components, process, extract, transform, repurpose and personalize high volumes of data and documents for storage, real-time access, ePresentment, printing and delivery in numerous formats across multiple channels. By readily repurposing, integrating with and extending the business value of existing technology, infrastructure and business applications, Xenos solutions empower organizations to adapt to changing market demands. They also improve operational efficiency, enhance business processes, reduce risk for compliance management and increase employee productivity with lowered total cost of ownership both for the enterprise and for its customers. Xenos supports Green IT initiatives by empowering organizations to "Reduce Reuse Recycle" information resources.

Xenos customers are among the largest organizations worldwide, spanning numerous industries including financial services and insurance. Xenos has offices in Canada, the United States, the United Kingdom and France and a global partner network. For more information, visit www.xenos.com.

©2009 All rights reserved. Xenos, the Xenos logo, Xenos Enterprise Server, Xenos ES, Xenos Integrated Document Solution, Xenos IDS, Xenos Loader, Xenos DSR, Xenos OnLine, Xenos ePresentment, Streamlining Enterprise Information Supply Chains, and Return on Information are either registered Trademarks or Trademarks of Xenos Group Inc. All other trademarks and trade names are the property of their respective owners.

Contact:

Echo Communications
Editorial Contact:
Jodi Echakowitz
+1 905 709 9600
jodi@echo-communications.com

Xenos Group Inc.
Investor Relations Contact:
Cory Pala
+1-416-657-2400
cpala@xenos.com

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