Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
Commenting on the deal, Oriel’s Chairman Stephen Lucas said: "This is
the coming together of two strong businesses with unique offerings.
Oriel’s BilltoBill Internet payment systems combined with Value Chain’s
exceptional service delivery and information management processes will
take Oriel into a new league in terms of service delivery and process
implementation for our respective clients.
"The deal also provides BilltoBill with an opportunity to expand its
services and more importantly establishes a framework for Oriel to
reach substantial and sustainable profitability within a relatively
short space of time. I am confident that this will be a "win" "win" for
shareholders from this investment.”
Value Chain CEO, Ananda Rao, said: "The Board of Value Chain is excited
about the prospects for the newly merged business. This transaction
will create a much larger company with greater scale and complementary
products that we can incorporate into our industry specific solutions.
Furthermore, the strengthened breadth of operations will also present
new growth opportunities for Value Chain, including expansion into
China – a market where Oriel has already built an established network
of blue chip clients.”
David Bass
| For the fourth year in a row, IDC has placed content security provider Websense (NASDAQ: WBSN) at the top of the IDC Worldwide Web Security 2011 –…
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