Fusion Systems Acquires The Ingenium Group

18 February 2009

Fusion Systems Co., Ltd. a leading IT solutions provider and developer of technology-based business systems today announced that it has acquired The Ingenium Group, one of Asia Pacific’s leading providers of executive search services. Financial terms of the deal were not disclosed. Ingenium, founded in 2000, has a world-class team of executive search professionals and an expansive portfolio of Clients across Asia and is noted for its adherence to the highest standards of ethics and for delivering uncompromising service and results.

“Acquiring one of the premier executive search firms in Asia will further expand our service offering, especially in the area of recruiting and placement of key management personnel. We welcome Mark Saft and his talented team to Fusion Systems and look forward to working with them." said Michael Alfant, CEO of Fusion Systems. “The combination of Fusion Systems and Ingenium capabilities greatly strengthens our joint position as a professional services and technology innovator and leader in our industry. We believe this merger will enable us to provide a broad service portfolio to our Clients allowing them to partner with our industry consultants across a far wider range of solutions, enabling Fusion Systems to more effectively support Client requirements when the need for permanent senior management is an element of the deliverable.”

“This combination with Fusion Systems is ideal for Ingenium as Fusion has a proven history of winning business and delivering solutions across the small, medium and large sized enterprise areas,” said Mark Saft, who will continue with Ingenium as its CEO in addition to serving as a Director on Fusion’s Board of Directors. “The Ingenium team is excited about working hand in hand with Fusion Systems to expand our business and to continue to bring optimal solutions to our Clients.”

“The name Fusion Systems is synonymous with systems integration excellence,” said Saft, founder of Ingenium. “Their service model and business philosophy are closely aligned with those currently in place at Ingenium. Fusion values the importance of innovation in solving challenges to bring the right solutions to their customers and so does Ingenium. Both companies emphasize Client service and results and this acquisition will enable Fusion and Ingenium to better service our Clients throughout the Asia Pacific region.”

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