Technology news and Jobs 
Technology people Recruiter Candle enters IT services via $4 million plus acquisition
Technology people Recruiter Candle enters IT services via $4 million plus acquisition | Recruiter Candle enters IT services via $4 million plus acquisition |
|
| by Stan Beer | |
| Thursday, 12 July 2007 | |
  
Featured Whitepaper
5 Best Practices for Smartphone Support
Most popular skills tags.NET Active Directory C# Cisco Development HTML Infrastructure Management Network Oracle Project Management SAP SDLC SQL Server Support Sybase TCP/IP Unix VB.NET Web Services/SOAP XMLThe Jav IT Group is an emerging specialist IT services company in Australia and New Zealand, providing services such as IT vendor management, IT professional staffing, IT “resources on demand”, media logistics, data centre management and infrastructure services. According to Candle, the acquisition heralds the introduction of a new line of services for Candle Australia designed to leverage its existing infrastructure, assets and business knowledge of the IT services market. Robert Collins, Candle Australia managing director says: “While we plan to preserve our core services in recruitment, the acquisition of the Jav IT Group is a natural next step in our strategy of diversification and growth via acquisition. Since Candle Australia’s inception over 23 years ago, we have been a provider in the IT services market. Over the last five years, tremendous growth opportunities have emerged in this sector, not only in Australia but also in Asia Pacific. Whilst our interests lie primarily in servicing lower risk areas of the market, there will be further opportunities for growth.” With turnover approaching $16 million, the Jav IT Group has offices in Melbourne, Sydney, Brisbane, Auckland, Wellington, Kuala Lumpur and Beijing. It has a core of 22 permanent staff and regularly engages over 300 professional IT staff on fixed contracts to service major corporations in the region. “There is a clear strategic rationale for the expansion into this market. We have the management knowledge and expertise, the financial resources, the physical footprint, the candidate and client base and now, with the Jav IT Group, the facilities and disciplines to be successful,” says Collins. “Our existing client relationships will not be impacted by this initiative and indeed, many of our existing clients will become beneficiaries of this move,” he adds. Joseph Vella, founder and managing director of the Jav IT Group says: “We’re extremely pleased about this new relationship with Candle Australia. Our growth over the last few years has been outstanding and with Candle Australia’s capital support, geographic footprint and existing client base, the potential exists for us to be a major IT services player in the Asia Pacific region.” Mr Vella will retain his position as managing director of Jav IT Group. |
Tags
| < Next story in category | Previous story in the category > |
|---|
