September 9, 2010 – National Energy Services Co. (NES), a Nevada holding corporation that owns a business focused on green technology, announced its intent today to acquire Propalms International Ltd. as a way to expand its cloud computing capabilities.
Financial terms of the deal were not disclosed in a news release, and NES did not return messages seeking further comment.
With the anticipated purchase, Propalms International would be responsible for overseeing the daily marketing, sales and distribution network of its software line as well as management of its distributors across the world. In return, Propalms will pay a royalty on revenue from current and future products agreement on the sales of several software products in the virtualization and cloud computing market.
Another NES subsidiary, Global Green Resources, currently sells, services and trains clients’ personnel on necessary software to integrate, manage and maintain medium sized IT departments migration to cloud computing technology. On the website for Global Green Resources, which was listed as the contact organization for NES in a news release announced the proposed acquisition, the company touts cloud computing as a way to lessen energy costs and a drain on the grid.
NES stated that it expects to close on this deal and others by the end of the calendar year, with the intent to reach its critical mass in the cloud computing and virtualization market by mid-2011. it noted that company costs would be managed by implementing an employee leasing program for an already trained product sales staff.
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