Exzac Accepts Strategic Investment to Expand Capabilities, Fund Growth

Matrix IT Ltd. ("Matrix"), a leading global strategy and IT consulting firm, has announced it has made a strategic investment in Exzac Inc.

Going forward, little if anything will change with regard to Exzac’s day-to-day relationship with our clients; this strategic investment by Matrix, however, affords Exzac an expanded global footprint that will allow us to serve a wider range of our clients’ needs and enhances Exzac’s ability to attract and retain the industry’s best consultants.  Under the terms of the investment, Matrix will acquire a majority interest in Exzac and the current owners will remain significant shareholders with full operational oversight of the business.

The entire Exzac team remains dedicated to serving the fraud management, AML and compliance needs of our clients and Exzac will continue to provide them with the same high quality service that they have come to expect.

We are excited about the ways in which the strategic investment by Matrix will help us serve our clients better. But the core of what we are doing now and in the future remains the same. As always, we will seek to provide our clients with the highest quality of expert services while conducting business in an efficient and highly transparent way. This investment will, more than anything, help us finance our continued growth in a way that will allow us to maintain and build on our existing model.

We look forward to further engaging with our clients on the core fraud, AML, and compliance challenges faced by their organizations, leveraging the combined resources we can now put forth as a result of this investment.