T3's acquisition target presently has a client base upwards of 10,000 to which the company would market its enterprise data tracking and protection solutions upon finalization of the acquisition. This represents a strategic move by the company, which is positioning itself logistically to accommodate anticipated growth and expansion in 2012.
The company's business model requires vast cloud computing capabilities as T3 recently announced plans to release a consumer product that will provide data tracking and protection for laptops and home PC's in addition to its enterprise-level solutions.
Paul Hogan, CEO of Virogen, Inc., commented, "We are very excited about the opportunity to acquire such a vibrant company that is a perfect strategic fit with the company's overall business plan. Additionally, upon closing of the acquisition, we would have the opportunity to penetrate the target company's client base with Tiger Team's very unique product offering. This is a wonderful opportunity for the company to develop an additional profit center that would be accretive to the top line and the bottom line revenues immediately."