DECLOUT: Eyes listing for IT asset recovery and maintenance arm by 2016

Globally integrated advantage

DeClout has several M&A deals in the cards that will help it achieve segment revenues that meet Hong Kong listing requirements.

» It has invested S$12.88 million for a 51% stake in Tinglobal Holdings, a company based in the UK that deals in refurbished and reconfigured mid-range computer equipment including servers, storage, associated networking infrastructure, parts and services.

» It will invest S$3.5 million for 100% of Verity Solutions, a Malaysian multivendor maintenance and system services provider, by the end of this month (May).

Verity Solutions services customers in the telecommunications and manufacturing industries, as well as data centre providers and systems integrators across Singapore, Malaysia and Indonesia.

Procurri LLC, Tinglobal, ASVIDA Asia and Verity will be restructured under the corporate umbrella of Procurri Corp for the spin-off exercise.

Procurri Corp’s vision is to be a globally integrated services provider for IT asset recovery and independent maintenance.

Having a global footprint is an important competitive edge for Procurri Corpas MNCs prefer the convenience of dealing with a single party who can provide services at worldwide locations.

“We gain cost effectiveness by stocking inventory on a global scale,” added Mr Wong.

Multi-vendor asset recovery specialists such as ASVIDA Asia buy, sell, rent and consign data centre IT equipment that include a wide range of servers, storages and networking products. The equipment comes from vendors such as HP, IBM, Oracle Sun Systems, Cisco, Dell, EMC, Fujitsu, Hitachi Data Systems and NetAppHe explained that infrastructure maintenance contracts of a global scale usually require hardware inventory that is of a much lower ratio compared to in-country contracts.

With a presence in 3 countries, ASVIDA Asia -- the Southeast Asia arm of Procurri Corp LLC -- is already able to support 19 countries in Asia Pacific by outsourcing and enabling IT services providers in the other countries.

ASVIDA Asia and Verity Solutions provide access to the Southeast Asian market.

When DeClout acquired 50.1% in Procurri LLC on 3 April last year, it gained exposure to the US market for IT asset recovery and independent maintenance services.

Through Procurri Corp, the stake in Procurri LLC was increased to 100% in January this year via a share swap.

Access to the European market has been gained with the recent acquisition of Tinglobal, Europe’s largest player for IT asset recovery and independent maintenance services.

To complete the circle, Mr Wong hopes to acquire system integrators or resellers with a leading network of end-user customers in China and in India.

The target company is likely to be a partner that DeClout has enabled for IT asset recovery and maintenance services.

“When we are big enough in a certain country, we will land by acquiring the partner that we have enabled,” he said.