Kranem Corp (GREY:KRANQ)

On May 13, 2011, Kranem completed the acquisition of Xalted Networks, Inc., or Xalted Networks, a Delaware holding company with an operating subsidiary in India. Since the closing of that acquisition, the Company has been engaged in the provision of advanced software solutions that enable companies and public organizations, including governments and law enforcement agencies, to capture, manage and analyze structured and unstructured data to enhance business and operational performance and address security threats. The two principal markets that our software solutions address are the telecom security market and the homeland security market. Xalted includes law enforcement as part of the homeland security market. Xalted’s current and past geographic focus is on India and the surrounding countries in Asia, Africa, and the Middle East.