META Group Acquires Two Asia Pacific Affiliates; Company Continues Its Expansion Within Emerging Global Markets.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 14, 2001 META Group Inc. (Nasdaq: METG METG Military Effects Test Group ) today announced it has acquired two of its Asia Pacific distributors, one based in Sydney, Australia, and the other headquartered in Singapore. With these acquisitions, the distributors become wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of META Group Inc. The acquisitions come on the heels of the appointment of Paul Ventura as managing director of Asia Pacific operations, announced in August of last year, and represent an important step in establishing a global presence for the IT research and consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a . Ventura currently oversees several META Group country market operations, including those in Australia, Japan, Singapore, and India, and will be responsible for developing new country operations, where appropriate, in the Asia Pacific region. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. META Group president Larry R. DeBoever, the acquisitions are an important next step in extending the company's research and collaborative offerings around the globe. "Integrating operations across continents is vital to the continued growth of any global organization," said DeBoever. "We're committed to the ongoing transformation toward 'One META,' and the Asia Pacific acquisitions are an important step for META Group as we continue with our unification (programming) unification - The generalisation of pattern matching that is the logic programming equivalent of instantiation in logic. When two terms are to be unified, they are compared. strategy." According to details of the acquisitions, META Group Inc. has gained control over all distributor territories in Asia Pacific, excluding operations in Japan and India, and will transition all distributor employees to META Group Inc. The company has also established an administrative center for the region in Sydney, as well as an operational hub in Singapore. META Group will continue to explore additional expansion into Malaysia, Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. , and New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. in 2001. The company anticipates additional announcements related to staff promotions and the establishment of new research practices in the region later this year. "The Asia Pacific region continues to develop into a global powerhouse A fourth-generation language from Cognos that was introduced in the late 1970s for midrange computers. It supports both character-oriented, terminal-based applications as well as Windows clients. Applications developed under PowerHouse can be imported into Cognos' Axiant client/server environment. , and building a strong presence in the region is essential to the success of META Group Inc.," said Ventura. "I am excited to further strengthen operations in the region, and will continue to explore potential country markets throughout Asia Pacific. By delivering META Group's structured transformation programs to the Asia Pacific region, we will effect tremendous change within those companies and governments struggling to really `do e-business right.'" Ventura, previously a vice president within META Group's Global Networking Strategies, is considered an authority on IT infrastructure, with particular focus on networking and e- business strategies within Europe and Asia Pacific. He was also instrumental in developing META Group's Infusion programs META Group offerings that enable complex organizations to rapidly transform themselves to meet the challenges of e-business, while continuing to perform at high levels. Ventura is based in Sydney, Australia. About META Group META Group is a leading research and consulting firm, focusing on information technology and business transformation strategies. Delivering objective, consistent, and actionable guidance, META Group enables organizations to innovate in·no·vate v. in·no·vat·ed, in·no·vat·ing, in·no·vates v.tr. To begin or introduce (something new) for or as if for the first time. v.intr. To begin or introduce something new. more rapidly and effectively. Our unique collaborative models In psycholinguistics, the collaborative model(or conversational model) is a theory for explaining how speaking and understanding work in conversation, specifically how people in conversation coordinate to determine definite references. help clients succeed by building speed, agility, and value into their IT and business systems and processes. Connect with http://www.metagroup.com for more details. |
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