IT services organisation Powerlan has added Namadgi Technology Group to its list of recent acquisitions. Although the terms of the acquisition are the subject of a confidentiality agreement, it is understood that it involved the issue of shares in Powerlan.
Powerlan's managing director, Theo Baker, said Internet ASP and e-commerce hosting services were strong growth areas in which it was determined to participate. "Our existing customer base of over 2000 corporate clients has expressed strong interest in Powerlan extending our range of IT&T services to include these capabilities," he said.
"We view the acquisition of Namadgi and the rollout of a comprehensive Internet ASP and e-commerce hosting suite of services throughout the Asia-Pacific region as a very attractive growth opportunity for the company," said Baker.
The Internet ASP and e-commerce hosting systems, expertise and infrastructure already developed by Namadgi will be used as the model to roll out this capability throughout Powerlan's 24 offices in the region.
Powerlan aims to position itself to become a market leader in the supply of Internet ASP services in the Asia-Pacific region, and believes that ASP services will dominate the software application market throughout the region within the next three to five years.