PCCW Solutions acquires Compass Solutions Holdings Limited
May 2, 2013
PCCW (SEHK: 0008) - HONG KONG, May 2, 2013 – PCCW Solutions, the IT services flagship of PCCW Limited, has acquired Compass Solutions Holdings Limited (“Compass”), a leading service provider specializing in the implementation and support of SAP’s Enterprise Resource Planning (ERP) solutions in Greater China.
Compass currently operates in Hong Kong, Macau and mainland China. It has served more than 300 customers in various industries especially the wholesale, retail and manufacturing sectors, including a top retail footwear chain operating 250 outlets and a popular restaurant chain with more than 80 outlets in Hong Kong and Macau. Compass is the only authorized SAP Partner in Hong Kong and mainland China with the SAP Gold Channel Partner (since 2006) and SAP Education Partner status. As an authorized SAP Education Partner, Compass can provide certificate training and academy courses to train SAP consultants. In addition, Compass was recognized as a member of SAP Asia Pacific Japan’s Top Partner Initiative, and is a Master SAP Value-Added-Reseller in Hong Kong and mainland China.
The acquisition of Compass will add a team of around 200 professionals with in-depth expertise in SAP implementation and training, enabling PCCW Solutions to further expand its ERP capabilities, customer base and geographical presence. Following the transaction, PCCW Solutions will be even better positioned to deliver greater value to its clients through the combined experience and best practices.
PCCW Solutions has more than 15 years’ experience in implementing and upgrading Oracle ERP solutions for customers in Hong Kong, mainland China and other Asia Pacific markets. With over 700 ERP professionals, PCCW Solutions has one of the largest ERP teams in the Greater China region, serving customers from retail, property development, telecommunications and education sectors, as well as government departments.
PCCW Solutions has an excellent track record in deploying large-scale projects such as the nationwide ERP implementation across 31 provinces in mainland China for China Mobile, as well as helping Bossini manage the rollout of ERP across five regional centers in Asia.
Dr. George Fok, Managing Director of PCCW Solutions, said “We are very excited to have the Compass team join us as we are committed to providing the most comprehensive ERP solutions to meet the needs of our customers. The acquisition is part of our ongoing strategies to add to our existing areas of competence and geographical reach and we will continue to look for these opportunities to drive long-term growth through expansion of core competence and geographical reach.”
The transaction does not constitute a notifiable transaction of PCCW Limited under Chapter 14 of the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange.
About PCCW Solutions
PCCW Solutions is the IT and business process outsourcing flagship of PCCW Limited, which also holds interests in telecommunications, media, property development and investment, and other businesses.
Responsible for a growing number of large-scale IT projects in the public and private sectors, PCCW Solutions holds a wealth of experience and expertise and is viewed as a major industry player in Greater China. To learn more about PCCW Solutions, please visit www.pccwsolutions.com.
About PCCW Limited
PCCW Limited (SEHK: 0008) is a Hong Kong-based company which holds interests in telecommunications, media, IT solutions, property development and investment, and other businesses.
The Company holds a majority interest in HKT, Hong Kong's premier telecommunications service provider. HKT meets the needs of the Hong Kong public and local and international businesses with a wide range of services including local telephony, local data and broadband, international telecommunications, mobile, and other telecommunications businesses such as customer premises equipment sale, outsourcing, consulting, and contact centers.
PCCW also owns a fully integrated multimedia and entertainment group in Hong Kong, which includes a highly successful IPTV operation, now TV. As the provider of Hong Kong's first quadruple-play experience, PCCW offers a range of innovative media content and services across four delivery platforms - fixed-line, broadband Internet access, TV and mobile.
Also wholly-owned by the Group, PCCW Solutions is a leading information technology outsourcing and business process outsourcing provider in Hong Kong and mainland China.
In addition, PCCW holds a majority interest in Pacific Century Premium Developments Limited, and overseas investments including the wholly-owned UK Broadband Limited. To learn more about PCCW, please visit www.pccw.com.
For more information, please contact:
Tel: +852 2883 8747
Issued by PCCW Limited.
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