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Much of these losses were attributed to decreased volumes as the market awaited the results of the merger with McLaren and necessary non reoccurring adjustments made by McLaren upon the merger.
Deposit Reclassification is a win-win situation, and Ceto has the knowledge and experience necessary to help our clients realize the reoccurring revenue available to them.
Bob Hall, Chairman of Synergetic Technologies Inc, said, "These two Companies' with their 2,000 plus subscribers bring to us the beginning of a reoccurring revenue model and asset base that we need as public company.
Our products provide entire development teams with tools to identify the root causes of software quality and security problems, track them throughout their software development process, ensure that they have been removed, and prevent them from reoccurring.