Global systems integration company HiServ has been renamed Triaton to reflect the merger of the company with the IT business wing of its parent company Thyssen Krupp Information Systems. HiServ was acquired by German-headquartered Thyssen Krupp Materials & Services AG in May.
The name change also reflects an expansion of its suite of products and services to include e-business solutions, said Manny Sayanos, managing director of Triaton Australia. "The name change reflects the broadening of our business model, namely the inclusion of e-business offerings including e-business integration tools and services, and market and commerce side development," said Sayanos.
Triaton's mission is to assist bricks-and-mortar companies to convert their core business processes to support e-business. "For many businesses, it is not e-commerce that is causing confusion but the phenomenal speed with which they need to change business practices," said Sayanos.
"We also recognise that most businesses can't throw out their investment (in existing systems) in trialling new systems. Our global mission at Triaton is to assist companies with their leap into the Web age by supporting their Internet business processes."
The combined IT group now has 2900 employees and expects to generate DM 800 million in fiscal year 2000/01. It will also enable ThyssenKrupp Information Services to move closer towards its medium-term goal of achieving DM 1 billion in revenue.
The merged entity also gives the German group a direct presence in the Asia-Pacific region including Australia, China, Hong Kong, Singapore and Thailand, which will give it an edge when competing for international tenders.