Seattle, WA, October 22, 2021 Corum announces today that their client, Hong Kong-based data analytics firm, Velocity Business Solutions, was acquired by NCS. The acquisition was part of a triple acquisition move to accelerate NCS’s expansion in key APAC markets. Velocity Business Solutions will continue to operate independently with their CEO, Ian Whitehouse, retaining his position.
"We were thrilled to partner with Ian Whitehouse and the Velocity team in their search for an acquirer who shares their vision for growth in Asia” said Mark White, Senior Vice President of Corum Group, who led the transaction. “And congratulations are also due to the NCS and Singtel teams on their professionalism and commitment to a positive outcome for all sides.”
Corum is the world's leading educator on tech trends, valuations, growth strategies and Tech M&A. To follow current Tech M&A trends in Asia and download Corum’s quarterly report please visit, www.asiatechexits.com.
About Corum Group
Corum Group is the global leader in merger and acquisition services, specializing in serving sellers of software and related technology companies worldwide. With offices globally, Corum has completed over $10B in software M&A transactions over the last 36 years. Corum's M&A advisors are highly experienced former tech CEOs, supported by industry-leading researchers, writers and valuators. For more information, visit www.corumgroup.com.
About Velocity Business Solutions
Velocity Business Solutions, a Hong Kong-based data analytics firm established in 2009, provides a full suite of data analytics consulting and implementation services including design, development, support, and enablement. With its strong experience and clientele in the financial services, transportation, and logistics industries, Velocity Business Solutions will support NCS’ Greater China growth strategy to reach these target industry sectors. For more information, visit www.vebuso.com.