DWS Acquires Melbourne Cloud Financial Services Firm Taten for A$300k

28th June, 2011. DWS Advanced Business Solutions Ltd (ASX:DWS) has announced that it has entered into a contract to acquire the business assets of Taten Pty Ltd for a total consideration of $300,000. The deal is expected to be completed by the end of June, and positions DWS to enhance its cloud offerings.

The attraction for DWS to acquire the company was Taten’s existing client base of businesses that have made use of cloud-based solutions, a client base that DWS hopes to grow even further to new markets with the help of its own national client network including Health, Government, Utilities and Telecommunications.

Taten has a current portfolio of Financial Services clients utilising its advanced internet solutions; iApply, iPublish, D2B and My2Ic. These solutions have enabled Taten’s clients to take advantage of the Cloud Computing paradigm and bring customer centric solutions to market more rapidly than traditional approaches.

Mr Danny Wallis (DWS CEO) added “This is an exciting time for DWS as this purchase progresses our previously announced strategy of developing four specialist business units. This purchase will see the commencement of the new DWS Solution Centre specialist business unit (which will incorporate cloud computing solutions) and importantly it will provide a recurrent revenue stream for DWS.”

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