GFI Solutions Group acquires activeMedia

Montreal, November 8, 2010 – To meet the growing market demand for cloud computing products, GFI Solutions Group Inc. (“GFI Group”), a leader in the field of IT products and services, is pleased to announce that it has acquired, through its subsidiary GFI Business Solutions Inc., activeMedia Développement Inc. (“activeMedia”), a top-ranking firm in the development and marketing of Web-based integrated management solutions for routine operations.

Consequently, GFI Group now has access to more than 200 new clients conducting business in some 20 different industries; by extension, it gains access to the more than 300,000 users of the solutions stored, managed, and maintained on activeMedia’s own servers.

As a result of this acquisition, GFI Group now benefits from passionate R&D experts who have helped make activeMedia what it is by creating activeSaaSTM, a product considered the most advanced on-demand technology on the market. GFI Group will be incorporating this technology into its own R&D catalogue and intends to fully capitalize on its potential for technological progress to further enhance its own product portfolio.

“activeMedia’s cutting-edge technology is outstanding and brings with it invaluable possibilities. It will allow us to make great strides in terms of deadlines, enabling us to deliver value-added projects in record time,” explains Gilles Létourneau, President and Chief Executive Officer of GFI Group. “Because this technology fits in so well with our current range of products, this acquisition dovetails perfectly with our growth strategy”.

“We view this transaction as a major springboard for our technology and our solutions,” says activeMedia’s founder, François Dubuc. “Given GFI Group’s presence in numerous vertical markets and the scope of its software product portfolio, we are sure to be actively participating in many R&D projects using our on-demand software platform”.

About activeMedia Développement Inc.

In business since 2001, activeMedia has the highest number of Adobe Systems certifications (13) of any company in Canada and has successfully carved out a niche for itself in the state-of-the-art world of SaaS and cloud computing. Today, the company has a noteworthy number of software assets fully covering the business processes of 22 different industries, and its offering includes ERP, CRM, CMS, POS, DMS, WMS, and dashboards which are part of over 700 management modules. To learn more about activeMedia, go to The Future is on Demand.

About GFI Solutions Group Inc.

A leader in the Canadian IT industry, GFI Group specializes in the design, implementation, integration and support of business software solutions, in the development of e-business solutions, and in electronic payment, professional, and technical IT services. With almost 1,000 employees and some 55,000 clients, GFI Group is pursuing an active growth strategy, and its most recent acquisitions include activeMedia Développement Inc., Fortsum Business Solutions Inc., Bell Business Solutions Inc., and Accovia Inc.. These acquisitions have enabled the company to expand its client base internationally, conquer vertical markets, and significantly extend its product and service offering for SMBs and large businesses.

Forward Looking Statements

This press release may contain forward-looking statements about GFI Group objectives, strategies and businesses that involve risks and uncertainties. These statements are “forward-looking” because they are based on our current expectations on various estimates and assumptions. Actual events or results may differ materially from those anticipated in these forward-looking statements if known or unknown risks affect our business, or if our estimates or assumptions turn out to be inaccurate. GFI Group expressly disclaims any liability or commitment to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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Simard Hamel Communications
Jean-Marc Simard
514-287-9811, extension 15

GFI Solutions Group Inc.
Dany Beaudet
Director of Corporate Communications
418-877-5051 / 888-268-0088, extension 2272