Platinum Reached A Strategic Merges with C&T to Establish the Leading HCM Platform
2016-03-10
Shanghai, January 13, 2016——Platinum Software System (Shanghai) Company Limited announced that it has come to a conclusion with Computer And Technologies Holdings Limited (“C&T Holdings” or the “Group”, Stock Code: SEHK 00046) to a strategic consolidation. At present, the relevant legal procedures have been completed.
With more than 20 years of experience in offering professional HRM solutions, Platinum is serving a large and prestigious pool of customers including well-known large enterprises and multinational corporations in the Mainland China and Hong Kong. Its flagship Platinum HRM software suite provides a comprehensive set of functional modules specifically designed to meet the business and regulatory requirement in Great China.
This behavior takes a very important position to Platinum. With common goals for Platinum and C&T, the merger will help to highlight both sides’ industry advantage and strengthen their customer bases to provide more complete, cross-industry and cross-regional solutions and services.
C&T is the well-known enterprise application software and service provider in Asian with considerable reputation in HCM market in Hong Kong. It has been committed to creating the industry benchmarking and also has the long-term investment strategy and planning. “This is just in keep with the trend of Platinum. We have no doubt that Platinum will make better use of their advantages and further enhance our brand influence at this stage.” Said Ms. Cao Xiaoning, the General Manager of Platinum.
“Platinum has not only a prestigious HRM product suite with proven track records and reputable branding, strong customer base generating recurring revenue, but also a strong and vibrant team of close to one hundred talents in the Mainland China. The merger is consistent with the Group’s strategy in expanding its application software business and will create great synergy with the Group’s existing HRM software related business.” Said Mr. CS Ng, Chairman of C&T Holdings.
“This Acquisition will not only substantially increase the revenue and profit of the Group’s application software business, but also further enlarge our customer base generating strong recurring income. The prestigious position of PSS in the Mainland China market will also enhance the Group’s market presence in Mainland China with great expansion opportunities. Coupling with our strong position in the HRM software market in Hong Kong, the Acquisition will also provide unique and better position for the Group to serve different enterprises especially multinational corporations across the region.” Commented Mr. Ng. “We are confident that the Group’s expansion will further reinforce our core competence and create a greater opportunities to drive long-term growth.”
About C&T Holdings
Computer And Technologies Holdings Limited (“C&T” or the “Group”, Stock Code: SEHK 00046) is a leading Information Technology (“IT”) software and services provider in the region involved in the design, development, delivery and operations of total IT solutions that meet customers’ business requirements. Building on its competence in applying advanced IT technologies and proven track records, C&T is providing all round IT solutions and services comprising systems and network integration services, application development and support services, enterprise application software, operation and business process outsourcing services as well as online e-Government and e-Business services. For more information, please visit our website at www.ctil.com.
