SYPAQ Systems (SYPAQ) is pleased to announce that it commenced operations in Singapore in April 2014 with the incorporation of SYPAQ Asia Pacific Pte Ltd.
Singapore was chosen as SYPAQ’s Asian base due to its advanced economy, access to skilled professionals, geographical position, large Australian expat community, favourable business conditions and synergy with SYPAQ’s brand of being a trusted, sophisticated and quality focused organisation.
SYPAQ has had immediate success in Singapore and on 26 June 2014, SYPAQ Business Partners Pte Ltd was officially incorporated. SYPAQ Business Partners is a Joint Venture (JV) between SYPAQ Asia Pacific Pte Ltd and Cerulean Business Partners Pte Ltd, a Singapore based management consulting firm specialising in the financial services sector.
SYPAQ Business Partners will continue to support existing Cerulean customers in the Insurance, Banking and Finance sectors throughout the ASEAN region. The JV will broaden its service offering to those clients by leveraging SYPAQ’s track record of successfully delivering complex projects, including the provision of program and project governance and management, enterprise architecture, requirements development and management, solution design and development, systems integration and ongoing support and maintenance. SYPAQ Business Partners also aims to expand in to other sectors throughout Asia.
In addition to SYPAQ Business Partners’ team located throughout Asia, the JV and its customers in the region will benefit from the experience and expertise of SYPAQ’s Australian colleagues, obtained over more than 20 years of servicing blue chip clients and large government departments in Australia.
SYPAQ’s Australian business will also benefit by leveraging its Singapore counterpart’s experience in the international Insurance, Banking and Finance sectors back into Australia.
The JV is a vital step for SYPAQ as it will enable the company to enter the Asian market as an established entity, minimising start-up risks whilst maximising returns to shareholders.
SYPAQ’s CEO, David Vicino said, “This is a watershed time in SYPAQ’s history and we look to the future with great excitement and optimism. With SYPAQ Business Partners now fully operational in Asia, and in addition to SYPAQ’s well-established operations in Australia and partnerships with organisations in the UK, Europe and the USA, SYPAQ is now a truly global company, primed for significant growth in the Asian Century”.
Nelius Strydom, CEO at Cerulean Business Partners Pte Ltd said, “We are excited to partner with SYPAQ and believe their technical skills and experience will enable the new JV to provide end to end solutions to clients and combined with our deep financial services experience we will deliver cutting edge technology services across the region”.
Chief Executive Officer
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