EXEO GLOBAL COMPLETES ACQUISITION OF TELISTAR SOLUTIONS

KUALA LUMPUR, Jan 11 (Bernama) -- EXEO Global Pte Ltd (EXEO Global), the regional headquarters of Tokyo Stock Exchange-listed EXEO Group Inc has completed the acquisition of Telistar Solutions Pte Ltd (Telistar), an information technology (IT) service solutions provider.

The acquisition allows EXEO Global to grow its capabilities in managed IT services, via an established solutions provider trusted by government organisations, educational and financial institutions, healthcare providers and large retail brand owners, it said in a statement.

“Following the amalgamation exercise with its subsidiary, ARCO Pte Ltd and acquisition of Telistar, EXEO Global is now set to become a major player in the space of Managed IT Services within Asia Pacific and beyond,” it said.

The company is currently focused on expanding its services and product offerings to the market, to provide greater value to its clients, utilising technology to allow them to enjoy quality Managed IT Services at greater cost efficiencies.

“Telistar is well-known in the space of Managed IT Services in Singapore, and their team possesses strong technical knowledge and solid work ethics which are highly valued by their clients and partners.

“We believe that we are able to work closely together to develop innovative solutions for the market that will create greater value for all our stakeholders, clients and potential customers,” said EXEO Global chief executive officer, Imaizumi Fumitoshi.

Meanwhile, Telistar Solutions managing director, Steven Phua says Telistar has come a long way since it started the business in 2007, and is now ready for its next phase of growth.

“We believe that EXEO Global is the right partner to help the business evolve and grow into a global player in the space of Managed IT Services, and we look forward to being part of this strong, creative team,” he said.

-- BERNAMA