Rodopi Software To Expand in Independent Business Structure

HostReview.com
Thursday, July 22, 2004; 12:00 AM

July 22, 2004 - (HostReview.com) - Rodopi Software (rodopi.com), a provider of operations support system and back office automation software, yesterday announced that the company will be spun out of its parent company, Abacus America, Inc. to form a separate corporate entity.

The move, scheduled to be completed by August 1, 2004, will enable Rodopi Software to better serve its present and prospective customers and to focus on deploying new technologies for the growing voice over IP, wireless, content, and web hosting industries. Todd D. Benjamin, Rodopi president and CEO, will lead the new company.

"Rodopi will leverage its new business structure to promote advanced technologies that fit the emerging needs of IP-based service provider and enterprise markets," said Benjamin. "We look forward to continuing our development of innovative new products and sustainable partnerships and welcome the challenges of aggressively growing as an independent software vendor."

"We have proven that our Rodopi Software division has the necessary technology, core competencies, and market opportunity to attract outside investment and achieve significant commercial success," said Ivan Vachovsky, chief executive officer at Abacus America. "I wish the best of luck to the talented and hard working team of Rodopi."