FOR IMMEDIATE RELEASE
Press Release – January 11, 2011
HONG KONG, CHINA; January 11, 2011 – Companies.asia Holdings, a subsidiary of iConsultants GBSI, announced today that it has acquired TW Network (companies.tw), a Taiwan-based consulting firm that focuses on implementing and integrating business solutions for small to medium size companies.
The acquisition will enable Companies.asia to leverage TW Network’s capability to deliver both descriptive and predictive analytics to clients across multiple industries and business functions, strengthening Companies.asia’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 Companies.asia. “Today’s announcement marks another milestone in the ongoing development of Companies.asia 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.
Companies.asia offers relevant and timely articles on business trends & news, 24-hour live feeds from news partners, as well as insights and strategies for doing business in Asia. It also offers a platform for Business to Business networking as well as corporate directories for companies across Asia. Our consulting services include industry & market research, SWOT analysis and corporate profiles, brand consulting, business plan development, and project management. We help our advertisers increase sales and improve online marketing ROI by connecting them to a targeted audience of qualified B2B and B2C customers through customized support and our range of online advertising products such as banner and directory advertising.
Director, Companies.asia Media Relations