ISID Acquires Indonesian IT Company with Aim of Expanding Business Targeting Local Financial Institutions

Information Services International-Dentsu, Ltd. (TOKYO: 4812) (ISID Head office: Minato-ku, Tokyo; President and CEO: Ryoichi Nawa) announced today that through its subsidiary PT. ISID INDONESIA (Head Office: Jakarta, Indonesia; President Director: Takuya Ono; hereinafter, ISID INDONESIA), it has acquired a 75% equity stake in PT. Ebiz Cipta Solusi (Head Office: Jakarta, Indonesia; President Director: Dedy Effendi Lingga; hereinafter Ebiz), which is engaged in the IT business in Indonesia. With this acquisition, Ebiz is now a subsidiary of ISID.

Ebiz is an IT company engaged in sales of self-developed and third party’s software solutions as well as the provision of technical support services. Ebiz’s proprietarily developed reporting solution Maleo Series for financial authorities has a commanding market share and is used by more than 20 major Indonesian leasing and finance companies, including those ranked as the top 10. Recently in Indonesia, enhanced supervision by the Financial Services Authority of Indonesia has increased the need for reporting solutions for all Indonesian financial-related corporations (leasing and finance companies, banks, securities companies, insurance providers), thus significant growth is expected in the businesses of Ebiz in the future.

Source: NAM News Network