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Synergy completes Innovus acquisition


NEWS RELEASE July 18, 2000

For Immediate Release

Synergy completes Innovus acquisition

Wellington and Melbourne-based information technology and management consultancy, Innovus Limited, has now officially changed its name to Synergy International Limited. Synergy, which has offices in Wellington, Auckland and Sydney, acquired all the shares in Innovus in June to meet the growing demand for its e-Business solutions and services in Australia and New Zealand. The name change completes the acquisition transition period, Synergy CEO David Irving, said. "Both companies have worked very hard to achieve cohesion and integration in such a short time scale," he said. "We want to reinforce the message to Innovus clients that they can expect the same high level of service even though the Innovus brand will no longer be used in the market. A focus on excellence in client service is a tradition of both companies." Synergy Wellington will operate mainly from its Mobil on the Park premises. It will use Innovus's offices in the Grand Plimmer Tower to house the increased staff. There will be a number of Synergy staff located on client sites. The completed acquisition gives Synergy a staff of more than 200 and offices in Auckland, Wellington, Sydney and Melbourne. "This purchase has greatly enhanced our ability to provide businesses with total end-to-end solutions," Mr Irving said.

"Starting with organisational visioning and strategy planning we can now provide all services right through to design, implementation, testing and support, process change and change management." Synergy is a New Zealand Top 500 company specialising in professional management consulting and information technology services It has grown 159 percent in the last two years and its client base now includes New Zealand Post, Department of Work and Income, ENZA, TransAlta, AMP, Transpower, ACC, the Correspondence School, the Employers and Manufacturers Association, Deltec and all of the Government Control Agencies. The company won the Professional Gold category in the Wellington Region Gold Awards and was highly-commended for the Dominion Wellington Region Gold Award for Business Enterprise and Excellence. It has had success in benchmarking against companies worldwide. It was judged the Private Sector Winner of the 1998 Business Development Quality Award and received the New Zealand Quality Foundation Progress Award in 1999.


ENDS

Quality Foundation 1999 Progress Award. Issued by Synergy International Limited Contact Heather Lucas, Marketing Executive for further information: Phone +64 4 499 3000 heather.lucas@synergy.co.nz


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