Acquires TW Network As Part Of Global Strategic Plan

Press Release – January 11, 2011

HONG KONG, CHINA; January 11, 2011 – Holdings, a subsidiary of iConsultants GBSI, announced today that it has acquired TW Network (, a Taiwan-based consulting firm that focuses on implementing and integrating business solutions for small to medium size companies.

The acquisition will enable to leverage TW Network’s capability to deliver both descriptive and predictive analytics to clients across multiple industries and business functions, strengthening’s position as a provider of strategic consulting as well as a developer of predictive analytics solutions designed to address a wide range of issues that companies may be facing as they seek to derive deeper insights from data and to improve decision-making processes.  Financial terms of the transaction were not disclosed.

“From a global strategic perspective, we see this acquisition as an opportunity to extend and further differentiate our offering in the marketplace,” said Timothy Tsang, President & Chief Executive Officer for  “Today’s announcement marks another milestone in the ongoing development of and we will continue to focus on the innovative development of sophisticated techniques in predictive analytics solutions to address many of the key business challenges facing our clients today.”

The business analytics services market, including advanced analytics and other related sources is expected to continue to grow, estimated by IDC to exceed $48 billion globally by 2013.

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