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SpatialNews.com Press Release
RMSI Incorporates Legal Entity in North America - Plans Aggressive Growth
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NEWARK (USA), August 6, 2003: RMSI, a global IT services company, announced that they have incorporated, in Silicon Valley, a wholly owned subsidiary, RMSI Inc. with an equity base of US $2 million. This follows the change in ownership of RMSI, announced last year, from Risk Management Solutions of California, to DMG Information, the information business division of the Daily Mail and General Trust Group. Premal Mehta, Vice President, RMSI is based at the company’s Newark office.
Commenting on the incorporation of the US subsidiary, Ajay Lavakare, Chief Executive Officer, RMSI, says, "Following our separation with Risk Management Solutions, the establishment of our own legal entity in the US constitutes a significant step in the pursuit of our independent growth plans. It is also a clear signal of our commitment to the US market. The US entity provides us with the opportunity to be closer to our clients, build alliances with local partners in providing innovative & customized IT solutions and aggressively pursue organic as well as inorganic growth strategies in the world's largest GIS market."
With 70 percent of RMSI's revenues coming from the US, the charter of the US entity is to increase the company's sales and marketing initiatives, strengthen its local market presence and help consolidate its position as a trusted & reliable GIS and IT service provider. The company's US office will comprise a highly qualified work force that will provide on-site consultancy and technical support to clients.
About RMSI
Originating in Silicon Valley in 1992, the company was founded and is managed by alumni from Stanford University. Today, RMSI's resource base comprises over 650 software, data and technology specialists. The company is part of one of the UK's largest listed companies, the Daily Mail and General Trust plc. The combination of technical, financial, and human resource strengths, coupled with domain knowledge in many vertical markets, makes RMSI a unique global solution provider.
RMSI's core competency lies in full-service GIS and spatial solutions. This is well supported by strong complementary competencies in application software services and natural hazard risk management. The ability to offer complete solutions, comprising data, software and engineering under one roof, is a key differentiator for the company. RMSI provides solutions to clients in industries ranging from telecommunications, land and property, and geology to engineering, mining and the government sector.
For more information, visit www.rmsi.com
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