ASX-listed Alphawest has acquired the information management business of services company, the Westbourne Group.
Alphawest general manager, Garry Henley, said the acquisition of the ACT-based business would boost the information management side of Alphawest and help the company gain access to its government client base.
The acquisition entitles Alphawest to the information and services side of the Westbourne Group. All of the company’s intellectual property, including its Slipstream product, will remain under a separate non-operating (shell) company.
Financial details of the deal have not been disclosed.
“This strategic acquisition further demonstrates Alphawest’s commitment to its information management practice nationally and in particular to the ACT,” Henley said. “It's another strategic move following the successful management buyout of Alphawest in 2002.”
Henley said the ACT-based company offered services in three broad areas - technology-based consulting, project implementation and post-implementation software support.
As part of the new acquisition, Alphawest will become a national reseller of Westbourne’s Slipstream product, which automates and manages ministerial workflows.
The product incorporates directory services, an electronic document management system, scanning capabilities, comprehensive reporting capabilities, and integration with Word.
Henley said the wider focus on compliance and the control of physical records was a source of major potential in information management and a core focus of the Alphawest business.
The growing emphasis on business processes and redeveloping work flows also provided opportunities, he said.
Henley said the acquisition of Westbourne’s IM business was a continuation of the same strategy that saw the company purchase PowerPlus in Queensland last year.
That particular acquisition was already bearing fruit, he said, with the landing of a million dollar services deal with BMA Coal – a BHP and Mitsubishi joint venture - due to be announced shortly.
Alphawest was also enjoying success in other areas, Henley said.
The company recently signed on as a national business partner with Optus in the IP telephony space and had bagged an IP telephony deal with Woodside in Western Australia for 2700 handsets, he said. Alphawest’s infrastructure and business continuity divisions continued to be core areas of the business.
Henley reiterated that the company expected company gross margins to grow by 32 per cent in 2004.