SCIENCE

Searchlight Solutions announced that it has signed a definitive agreement for the acquisition of the majority control of the common stock of Linux Labs International Inc.

Linux Labs International is a hybrid engineering firm specializing in technologies that expand the field of high performance supercomputing including software as a service or Cloud computing in the HPC field.

This acquisition allows the Company to build a service offering in the HPC Cloud computing marketplace. Gartner Executive Programs worldwide survey of over 2,000 CIOs identifies Cloud Computing as the top technology priority for 2011.

Closing is scheduled to be completed within the next 10 days.

Company management stated: "We are very pleased to complete an agreement to bring Linux into the Searchlight family, we look forward to closing."