Bangkok--13 Feb--Absolute PR
ABeam Consulting (Thailand) Ltd. disclosed ABeam Consulting Pte. Ltd. has concluded an agreement to acquire 70% shares in data analytics powerhouse LightStream Analytics Pte. Ltd. in Singapore. The deal is the part of an ongoing effort by ABeam Consulting to expand its data analytics service offerings throughout Southeast Asia, starting in Singapore. The effort will continue with the purchase of all remaining LightStream shares by 2021.
Mr. Ichiro Hara, Managing Director of ABeam Consulting (Thailand) Ltd., a subsidiary of ABeam Consulting Ltd., which is one of the global consulting company headquartered in Japan with an expertise in digital transformation, disclosed that ABeam Consulting Pte. Ltd. –the holding company in Singapore—has concluded an agreement to acquire 70% of shares in LightStream Analytics Pte. Ltd. (Singapore) and will continue purchasing all the remaining LightStream shares by 2021.
The business acquisition is the part of ABeam Consulting business strategic plan to expand data analytics service offerings throughout Southeast Asia. It allows ABeam to further integrate data analytics into its business consulting services and enables ABeam Consulting to better support clients in business transformation in the most scientific way.
"Before the business acquisition, ABeam Consulting has provided data analytics service covering data requirements, data collection, data cleansing, data exploratory & analysis, data modeling and algorithm and data products in Japan, Thailand, Vietnam and Indonesia. The deal will open up new opportunities for both parties—ABeam Consulting and LightStream—to leverage on each other's client base to positional service offerings by cross selling into both parties' clients in Southeast Asia. Furthermore, consultants in both parties will be up skill and capability through cross training," said Mr. Hara.
LightStream Analytics founded in 2006 is a provider of analytics and other data-related services throughout Southeast Asia. LightStream's strengths include services that combine business knowledge and experience with advanced analytics and data management capabilities. Through these services, LightStream contributes to organizational growth by building medium-term to long-term relationships with a wide range of clients including financial firms, government bodies, manufacturers, consumer goods companies and educational institutes.
About ABeam Consulting (Thailand) Ltd.
ABeam Consulting (Thailand) Ltd. is a subsidiary of ABeam Consulting Ltd. –headquartered in Tokyo having 5,000 people serve more than 800 clients throughout Asia, the Americas and Europe. Providing consulting services in Thailand since 2005, ABeam Consulting (Thailand) provides business transformation services that create strategic advantage, improve business processes, leverage technology innovation and enhance organizational performance for leading companies in Thailand. Moreover, ABeam has been in a strong partnership with SAP and provided services by SAP-certified consultants to achieve clients' transformation. ABeam partners with clients to diagnose and solve their real challenges with solutions that combine industry and operational best practices with technical expertise. Pragmatic approaches ensure that clients gain measurable value more quickly. With the management philosophy to be "Real Partner", ABeam provides real people, real solutions, and real results to ensure clients' success. For more information, please visit https://www.abeam.com/th/en