Asia’s Leading Microsoft Business Solutions Reseller Joins Forces with Tectura
Tectura Corporation continues global expansion with acquisition of Enterprise Solutions Group in Asia, further solidifies leadership in Microsoft Business Solutions marketplace
Redwood City, Calif.—June 27, 2005—Tectura®, a leading global provider of Microsoft integrated business solutions to mid-market companies and large enterprises, announced today that it has acquired Enterprise Solutions Group (ESG), the leading Asian consulting firm specialising in the implementation of Microsoft business management solutions for local and multinational companies. This acquisition establishes Tectura with a solid footprint in Asia and further underscores Tectura’s global strategy to become the leading Microsoft-focused partner in the geographies and industries where the company is present. With ESG joining, Tectura has hit a milestone in terms of global reach. In addition to adding more than 300 experienced Microsoft Business Solutions Axapta and Navision staff to its global resource team of 1,000, the company now is able to serve clients from 14 offices across Asia, with local representation in China, Hong Kong, Malaysia, Thailand, Singapore, Korea, Taiwan, Indonesia, India, and Japan. ESG is already today the dominant Microsoft Business Solutions partner in the Asia Pacific region, with close to 50% market share as well as a strong ‘first mover’ advantage in China and North Asia. With the acquisition of ESG, Tectura is now by far the leading global Microsoft Business Solutions partner, with client implementations in 60+ countries, offices in 63 cities across four continents and 19 countries, in addition to more than 4,000 clients and over 1,300 dedicated team members. “Tectura continues its focus on staying true to its vision of becoming a global company, while maintaining a strong local touch,” said Terry Petrzelka, CEO of Tectura. “This translates into greater value for clients worldwide. At the local level, we can provide mid-market companies with an even more specialised partner, one who understands their business at all levels, can help them achieve their objectives, and can deliver solutions in a cost-effective manner.” Tectura is focused on providing mid-sized companies and larger enterprises with a range of services—from business analysis to systems integration and support—as well as a broad spectrum of Microsoft-based ERP, CRM, and technology solutions. “At the multi-national level, we can offer larger clients a vast network of resources, with deep product and industry expertise. We also can offer the assurance, that no matter where their business is located, we will provide the same quality service and apply the same time-tested methodology to ensure our clients’ success. As a single company, Tectura can follow clients across the globe as their needs and goals change, and give them the tools and insight needed to realize their potential each step of the way,” added Terry Petrzelka. Tectura’s and ESG’s leadership teams have formed an integration plan to ensure that the two companies emerge as a single company in all respects: internal business processes, project implementation methodologies, client service, branding, etc. Prior to this deal, the two teams had a long history of collaborating on client projects, in which Tectura clients needed services in Asia, and ESG clients needed services in Europe or in North America. The business culture, the professional approach, and the methodologies of the two companies are very much alike, and the transition for clients is expected to be seamless. “For Tectura and team members from ESG, this acquisition reflects the coming together of dedicated service providers who share a commitment to client success, a strong partnership with Microsoft, and common values that include integrity, caring, and results. We see this as a tremendous advantage to all of ESG’s many loyal clients as well as to our over 300 talented team members. We will be able to serve our clients even better tomorrow than we could yesterday, with the increased technical expertise and capacity that we now have,” said Eric Fung, CEO of ESG. Like Tectura, ESG possesses an impressive track record for client satisfaction, technological innovation, and sales achievement. As a Microsoft Gold Certified Partner in Asia, ESG has been recognised by Microsoft with such honors as Microsoft Business Solutions Asia Pacific Partner of the Year (2002, 2003 and 2004) and membership to the elite Microsoft Inner Circle for the top 1% partners. With over 200 clients, spanning such industries as manufacturing, wholesale distribution, services, retail, and transportation and logistics, ESG has demonstrated a commitment to serving multi-site clients with industry-specific needs. “We believe the expanded global technical strength and local support that Tectura and its new ESG team provides will benefit our mutual clients worldwide,” said Craig McCollum, vice president worldwide sales for the Business Solutions group, Microsoft Corporation. “Tectura is a powerful systems integration company focused on providing functionality, low total cost of ownership, industry fit, and global reach to its customers. Microsoft congratulates Tectura for expanding their business and expertise across Microsoft solutions. Together, we can provide positive world-class business impacts to our customers via a cost-effective and efficient business partnering model,” said McCollum. Tectura’s leadership team will grow with the addition of seasoned ESG executives, who bring deep IT industry experience, as well as international business experience within the diversely multicultural Asian market. Eric Fung, CEO of ESG, will join Tectura’s Executive Leadership Team and continue to head the Asian business and guide the development and strategy for this arm of Tectura. His co-founder Derek Cheung will continue to provide leadership on operational as well as financial matters for Tectura in Asia. In the past 12 months, Tectura has completed and integrated six acquisitions, not including ESG. Tectura expects to continue to expand through organic growth as well as continued targeted acquisitions to fully complete its industry specific offerings and geographical coverage. Together with its lead equity partner, Pequot Capital, one of the largest privately owned investment firms in the USA, Tectura aims to grow its workforce worldwide to 2,000 employees by 2007. Tectura is furthermore backed by such prominent investors as GE Asset Management, Dow Employees Pension Plan, and Ritchie Capital Management. Further information: Alison Beaven +44 (0)20 7632 1200 alison.beaven@tectura.com About Tectura Tectura is the world’s leading Microsoft Business Solutions partner and number one provider of Microsoft-based ERP, CRM, and technology solutions to mid-market companies and larger enterprises. Tectura provides software, consulting, and IT implementation services to clients in the distribution, manufacturing, healthcare, and service-based industries. Through these services, Tectura delivers business process improvements, greater efficiency, and a clear competitive edge to clients in the entire industrialized world. A Microsoft Gold Certified Partner, Tectura has been recognised by Microsoft for its outstanding client service with such awards as U.S. Partner of the Year 2004, Global Partner of the Year 2003, and Excellence in Customer Care 2003. Learn more at: http://www.tectura.co.uk About Enterprise Solutions Group Enterprise Solutions Group (ESG) was founded in 1999, equipped with experiences of world-class consulting firms and best practices throughout industries. ESG deploys tools ranging from Enterprise Resource Planning II (ERPII) solution packages, Customer Relationship Management (CRM) solutions, Knowledge Management (KM) solutions and Web-based Systems Development. ESG currently has 14 offices across Asia with over 300 employees. Information about the company can be found at: www.esg-inc.com. Special Note Regarding Forward-Looking Statements This press release contains “forward-looking statements” relating to, without limitation, future economic performance, plans, and objectives of Tectura Corporation for future operations and projections of revenue and other financial items that are based on the beliefs of, assumptions made by, and information currently available to Tectura Corporation. The words “expect,” “estimate,” “anticipate,” “believe,” “intend,” “plan” and similar expressions and variations thereof are intended to identify forward-looking statements. The cautionary statements in this press release and the assumptions used in the preparation of the forward-looking statements identify and involve important factors with respect to such forward-looking statements, including certain risks and uncertainties, which could cause actual results or the benefits that Tectura Corporation might derive to differ materially from those expressed in or implied by such forward-looking statements. The names of actual companies and products mentioned herein may be the trademarks of their respective owners.