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June 13, 2011
Quadrant 4 Systems Corp. (formerly Zolon Corp.), an IT service firm, has launched new cloud services and managed services that target three key verticals: finance, retail and healthcare. Along the way, Quadrant 4 hopes to leverage growing consumer cloud computing buzz. Indeed, as consumers discover Apple iCloud, Quadrant 4 expects SMB customers to seek commercial cloud services. Here’s a closer look at the effort.
So far, Quadrant 4 has focused on business consulting, business intelligence, enterprise systems and application development and maintenance for its roughly 150 worldwide customers, particularly in North America. The company is a publicly held penny stock and roll-up of sorts — having combined multiple businesses to focus on IT consulting.
Where do cloud computing, data management and managed services fit in? In a prepared statement, Quadrant 4 Chairman and CEO Dhru Desai said:
“The U.S. federal government’s initiative to implement an electronics records management system poses immediate challenges in the storage and retrieval of large volumes of highly sensitive, confidential data. Our data security and management initiative not only addresses the health care industry, but also is common across all our market verticals and represents significant new sales opportunities for our company.”
Quadrant 4’s Q1 revenue was $5.4 million — up dramatically from a scant $11,725 in Q1 2010. But we caution readers: It looks like the dramatic growth was based purely on M&A activity. MSPmentor will be watching to see if Quadrant 4 generates organic growth in the months ahead.
Additional insights from Joe Panettieri. Sign up for MSPmentor’s Weekly Enewsletter, Webcasts and Resource Center. Follow us via RSS, Facebook and Twitter. Check out more MSP voices at www.MSPtweet.com. Read our editorial disclosure here.
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