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SINGAPORE–(BUSINESS WIRE)–EXEO Global Pte Ltd (“EXEO Global”), the regional headquarters of Tokyo Stock Exchange-listed EXEO Group, Inc. (TOKYO:1951) facilitating the operational and strategic management of overseas subsidiaries outside of Japan, has successfully completed the acquisition of Telistar Solutions Pte Ltd (“Telistar”).
The acquisition of Telistar, an IT service solutions provider, allows EXEO Global to grow its capabilities in the space of managed IT services, via an established solutions provider trusted by government organisations, educational and financial institutions, healthcare providers and large retail brand owners.
EXEO Global had also recently completed an amalgamation exercise with its subsidiary, ARCO Pte Ltd, a company providing technology provisioning, maintenance support and IT asset disposition services to large international firms as well as Japanese conglomerates, changing its business from a holding company to an operational business.
With the ARCO’s team successfully becoming part of EXEO Global, the company now has the talent and core capabilities to scale up its business in the Managed IT Services sector, as well as a stable existing client base and technology-enabled operations for greater efficiencies.
Following the amalgamation exercise and acquisition of Telistar, EXEO Global is now set to become a major player in the space of Managed IT Services within Asia Pacific and beyond and is currently focused on expanding its services and product offerings to the market, to provide greater value to its clients, utilising technology to allow them to enjoy quality Managed IT Services at greater cost efficiencies.
Mr Imaizumi Fumitoshi, CEO of EXEO Global commented, “Telistar is well-known in the space of Managed IT Services in Singapore, and their team possesses strong technical knowledge and solid work ethics which are highly valued by their clients and partners. The team is a welcome addition to the Group, and we believe that we are able to work closely together to develop innovative solutions for the market that will create greater value for all our stakeholders, clients and potential customers.”
Mr Steven Phua, Managing Director of Telistar Solutions shared, ”Telistar has come a long way since we started the business in 2007, and we are now ready for our next phase of growth. We believe that EXEO Global is the right partner to help the business evolve and grow into a global player in the space of Managed IT Services, and we look forward to being part of this strong, creative team.”
About EXEO Global Pte Ltd
EXEO Global Pte Ltd is the regional headquarters of Tokyo Stock Exchange listed EXEO Group, Inc, facilitating the operational and strategic management of overseas subsidiaries for the Group outside of Japan.
Our primary business is in Managed IT services and the company currently has subsidiaries in the space of M&E engineering services, ICT infrastructure and supply chain technologies that have operations globally. EXEO Global also continually invests in new businesses and technologies that complement the offerings of the Group’s companies.
For more information, please visit www.exeo-global.com.
About Telistar Solutions Pte Ltd
Telistar Solutions, founded in 2007, is a Singapore-based innovative IT-centric Service and Solutions Provider specialising in tailoring effective solutions for organisations to enhance their profitability, productivity, efficiency and control. We are dedicated to our motto – Empowering Solutions Through Services – to help customers achieve their strategic business objectives.
The company has two core business offerings – Managed IT Services and IT Infrastructure Solutions, and aspires to be the best one-stop, end-to-end Service Solutions Provider within the Asia Pacific Region.
For more information, please visit https://www.telistar.com/.