SINGAPORE, April 17, 2014
/PRNewswire/ -- SiS International Holdings Limited (SEHK:
00529) A leading Technology Products distribution and investment
Holding Company in Asia and
Inflexionpoint, a Private Equity structured supply chain firm
co-founded by John Sculley (former
CEO of Apple & Pepsi Cola Co) jointly announced today that they
have entered into a partnership to form a joint venture company in
Asia. The joint venture company
SiS Inflexionpoint Pte Ltd, based in Singapore is to invest in promising businesses
& technology companies in the Asia
Pacific region. The company will also invest in IT/CE
Distribution, VAR, SI & supply chain companies. The joint
venture company also announced today the acquisition of the broad
line distribution business of Qool Labs Singapore, creating a
platform for a multi-billion Singapore base investment, acquisition and
distribution power house in Asia.
The Best of East-West Partnership. Creating a formidable
force in one of the fastest growing market in the
world.
Both SiS and Inflexionpoint are well respected companies with
unique skills, strengths and leaders that complement each other.
The joint venture represents the best of East & West
partnership. SiS brings a vast Asia network and 30 years of experience in
Channel Marketing, distribution and investment in technology
companies & businesses in Asia. Inflexionpoint brings private equity and
growth working capital financial expertise and western marketing at
its best.
SiS has a long history of success; a pioneer in the distribution
of IT and smart phone products, SiS is considered as one of the
best distribution operators with an extensive network of resellers,
retailers and mobile operators; representing many of the world's
most renowned manufacturers. "Leveraging on SiS experienced
management team and extensive distribution network spanned
throughout the region, SiS provide us an immediate entry into one
of the fastest growing region in the world," commented John Sculley, Chairman of Inflexionpoint.
A new dimension, a new value offering- Private Equity with
distribution and marketing Strengths
Through the combined strengths and working hand in hand, SiS
Inflexionpoint offer companies who it intends to invest in the best
value preposition; From Inflexionpoint: financial expertise in
private equity and western marketing. From SiS: the building of
long term partnerships from the East together with experience in
channel marketing and a wide distribution network.
"We are delighted to collaborate with John & Inflexionpoint.
Inflexionpoint team and John bring a new dimension to IT
distribution and the full spectrum of IT supply chain management
that is most invaluable," said KH Lim, Chairman & CEO of SiS
Group. SiS Inflexionpoint is immediately positioned to capitalize
on the expansion in the converged IT & mobile distribution and
IT supply chain. "Together, combining our core strengths and
working hand in hand, we are positioned to drive vigorous growth
across the Asia Pacific Region and create an IT & Mobile
distribution powerhouse in Asia,"
said John Sculley. KH Lim will
serve as Chairman of the new joint venture company and Neeraj Chauhan assumes the role of CEO.
SiS INTERNATIONAL HOLDINGS LIMITED (SiS) (stock code:
529)
Founded in Singapore in 1983,
SiS is an Investment Holding company and a leading Technology
Product Distribution listed on the main board of the Hong Kong
Stock Exchange. Its principal business interests include Real
Estate investment, Mobile & IT Products Distribution as well as
Investments in Promising Businesses.
About Inflexionpoint
Inflexionpoint is a private equity structured IT supply chain
company. Inflexionpoint founding partners are John Sculley (former Apple and Pepsi CEO);
Shane Maine (London based structured finance strategist);
Gordon McMillan (Toronto-based financial services
entrepreneur); and, Neeraj Chauhan
(experienced global distribution entrepreneur). Inflexionpoint's
mandate is to create a multi-billion dollar company through a
combination of strategic acquisitions and organic growth.
Media enquiries
Singapore contact:
Ms. Shireen Ang
Tel: +65-6419-7169
Email: shireenang@sis.com.sg
Photo - http://photos.prnewswire.com/prnh/20140417/75995
SOURCE SiS International Holdings Ltd