ASM Technologies acquires Enterprise Software Resources (ESR)

ASM Technologies Ltd has informed that the Company through its wholly owned subsidiary in Singapore has acquired a US based firm.

In this regard the Company has issued the following Press Release:

ASM Technologies Ltd has announced that it has signed a definitive agreement to acquire 100% of Enterprise Software Resources a US based firm in an all cash deal. This acquisition is through ASM's wholly owned subsidiary in Singapore, Advanced Synergic Pte Ltd. and financed by Indian Bank, Singapore.

ESR has been in the business for the last 10 years assisting large corporations and Fortune 500 Companies with Enterprise Applications. ESR's experience with Enterprise Applications is based on successful implementations at several Companies. Some of ESR's clients include Owens Corning, National Gypsum, Atrium Windows, AGA Gas, DTE Energy, Therma Tru, Pacific Coast, Owens Illinois, Vera Bradley and many others.

The principals of ESR come with a strong ERP background and the business model of ESR is focused on providing value by focusing on the strategy of the business and tailoring the offering in line with what is required to help the customer with strategic direction.

ESR's relationships are built on the principle of adding strategic value. The relationships are with the C-level executives and Board Members to ensure the decision-makers are engaged in the process. The relationships are as a result of networks developed at Owen Corning and IBM and these relationships have proved to be very valuable in securing business and long term customers.

John Seitz, Founder of ESR is a well known expert in the SAP world. He has held many senior management positions at Owens Corning and was the past president of SAP User Group (10,000 users) and a keynote speaker in many international conferences including ASUG.

"ESR with their high end consulting is a strategic fit for ASM. We are very fortunate to have an expert like John Seitz join us and look forward to growing our SAP practice under his guidance leadership" said Rabindra Srikantan, Managing Director, ASM Technologies.