Asia-Pacific information security company Vectra Corporation is positioned for stronger growth after a global technology company purchased a majority shareholding in the Australian-based business.
CDC Software, a subsidiary of CDC Corporation, which provides industry-specific enterprise software applications and business services, has taken a controlling stake in Vectra, a leading provider of information security consulting services, managed services and enterprise security solutions.
The investment in Vectra provides a strategic fit with Praxa Limited, CDC Software's consulting services company in Australia; This significantly strengthens CDC Software’s position in the IT security and services market in the Asia-Pacific region.
Vectra’s founding managing director Chris Smerdon will continue to lead the company, which employs about 60 people at offices in Adelaide, Sydney and Singapore. The current operational and staffing structure of the business will remain unchanged.
Mr. Smerdon said the move was necessary for Vectra to grow. “As the information security sector matures, it becomes a matter of get bigger or get beaten,” he said.
“CDC’s investment aligns Vectra with a global company, which provides both access to new markets in Asia and the US, as well as access to capital for strategic acquisitions in Australia. The Australian market has a large number of smaller players in this sector, so it is ripe for consolidation as companies scale up to supply the security needs of enterprise organisations. As a standalone business with the backing of a global technology giant, Vectra Corporation is ideally positioned to play a leading role in this consolidation.”
Praxa chairman John Clough said the investment in Vectra was strategic to CDC Software and Praxa operations in Australia. “It enables us to broaden our already wide offerings with complementary services and solutions,” he said. “Vectra has proven capabilities and large satisfied customers. We are very excited to leverage its success and capabilities as we expand our portfolio into a broader suite of services.”
Mr. Smerdon said CDC’s corporate leverage and additional resources would accelerate Vectra’s growth, both nationally and internationally. “This clears a way for the growth of the company,” he said. “CDC’s global network provides Vectra with a great opportunity to expand its Singapore-based operation while, in Australia, we expect the growing market and CDC’s backing to accelerate our growth and penetration of blue chip accounts.”
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About Vectra Corporation www.vectra-corp.com
Vectra is a leading provider of end-to-end technology solutions throughout the Asia-Pacific region. With operations headquartered in Adelaide and offices in Sydney and Singapore, Vectra has a team of more than 60 people that delivers information security services, managed services, outsourcing services and enterprise solutions to customers in the banking, financial services, automotive and government sectors.
About Praxa www.praxa.com.au
Praxa Limited is a leading Australian IT professional services provider to corporate and government market sectors. The company specialises in providing mission critical applications and managed services to enterprises. Praxa started trading in 1982 and is now the consulting services division of CDC Software in Australia.
About CDC Software www.cdcsoftware.com
CDC Software, The Customer-Driven Company™, is a provider of enterprise software applications designed to help organizations deliver a superior customer experience while increasing efficiencies and profitability. CDC Software’s product suite includes the Pivotal CRM and Saratoga CRM (customer relationship management), Respond (customer complaint and feedback management), c360 CRM add-on products, industry solutions and development tools for the Microsoft Dynamics CRM platform, Ross ERP (enterprise resource planning) and SCM (supply chain management), MVI real-time performance management, IMI warehouse management and order management, Platinum China HR (human resource) and business analytics solutions.
About CDC Corporation www.cdccorporation.net
The CDC family of companies includes CDC Software focused on enterprise software applications and services, CDC Mobile focused on mobile applications, CDC Games focused on online games, and China.com focused on portals for the greater China markets.
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