Cloudeeva Announces the Appointment of Vice President of Finance and Mergers & Acquisitions

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SAN RAMON, Calif., Oct. 24, 2013 (GLOBE NEWSWIRE) -- Cloudeeva, Inc. (OTC:SYAI) ("Cloudeeva" or the "Company"), a global cloud and technology company specializing in Cloud, Big Data and Mobility solutions and services, today announced the appointment of Mark Vitcov in a new role as Vice President of Finance and Mergers & Acquisitions.

Cloudeeva is strengthening its management team with the appointment of Mark Vitcov to the position of Vice President of Finance and Mergers & Acquisitions. Mark has an MBA in International Finance from the Wharton School of Business at the University of Pennsylvania and is a Certified Public Accountant and a Certified Management Accountant.

Mark previously held senior financial positions in several private and public companies, including Goldman Sachs portfolio companies, where he headed numerous global startups, turns a rounds and emerging companies. Mark was responsible for oversight of accounting, compliance and financial controls, long-range financial planning, and investment guidance to senior management.

"I'm excited to join the superb team at Cloudeeva which now includes the significant recent additions of Robert Kaleta as Senior Vice President – Business Development," said Mark Vitcov. "In addition to overseeing the financial function at the Company, I look forward to joining Adesh Tyagi, the Company's dynamic Chairman and Chief Executive Officer, in working to expand the Company's visibility in the marketplace with a focus on institutional investors and evaluate, structure and assimilate new opportunities in this rapidly growing cloud, and mobility solutions market that can further drive shareholder value."

"Mark brings significant expertise in corporate finance, corporate governance, and compliance to the management team at Cloudeeva as we work to extend our global presence in Cloud, Big Data and Mobility solutions," said Adesh Tyagi, Chairman and CEO. "We believe that Cloudeeva will benefit from Mark's proven track record and by his exemplary combination of global business expertise, professional accomplishments and integrity."

Mark has an extensive background in private equity and have raised in excess of $125 million through institutional and alternative investment channels and has created in excess of $15 million in transactions through international strategic alliances. Mark's prior experience in Finance and M&A transactions and knowledge of international equities market strongly supports Cloudeeva's well-defined growth and acquisition strategy.

About Cloudeeva, Inc.

Cloudeeva is a global cloud services and technology solutions company specializing in Cloud, Big Data and Mobility solutions and services with offices in California, New Jersey, Chicago, and India. The Company has deep functionality and industry expertise as well as breadth of geographical reach servicing to private and public sectors across the globe. The Company is headquartered in San Ramon, California. For additional information about Cloudeeva, please visithttp://www.cloudeeva.com.

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© 2013 Cloudeeva, Inc. All rights reserved. Other brands featured herein may be trademarks of their respective owners.

CONTACT: Cloudeeva, Inc. Aditi Aswani IR Associate 925-226-2460 ir@cloudeeva.com

Source:Cloudeeva, Inc.