ISID acquires 75 per cent equity stake in Indonesia's Ebiz

KUALA LUMPUR, April 17 (Bernama) -- Information Services International-Dentsu Ltd (ISID), through its subsidiary PT. ISID INDONESIA has acquired a 75 per cent equity stake in PT. Ebiz Cipta Solusi (Ebiz), a provider of system integration services.

With this acquisition, Ebiz is now a subsidiary of ISID, according to a statement.

Ebiz is an IT company engaged in sales of self-developed and third party’s software solutions. Its proprietarily developed reporting solution ‘Maleo Series’ for financial authorities has a commanding market share and used by major Indonesian leasing and finance companies.

Recently in Indonesia, enhanced supervision by the Financial Services Authority of Indonesia has increased the need for reporting solutions for all Indonesian financial-related corporations, thus significant growth is expected in the businesses of Ebiz in the future.

ISID Group will add to its solution line-up Ebiz’s reporting solution for financial authorities required by existing and potential Lamp (a core system for leasing and finance operations developed by ISID’s Chinese subsidiary) customers.

The group intends to expand its financial solution business in Indonesia by accelerating sales of Lamp and a variety of other solutions leveraging Ebiz local customer base.

For more information, contact http://www.isid.com.cn/lamp/en.

-- BERNAMA