News & Events

Inflexionpoint Asia forms Joint venture with SiS  International Holdings Limited

Announced Acquisition of Qool Labs Broad line distribution business

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Singapore, Hong Kong, April 16, 2014

SiS International Holdings Limited (SEHK: 00529) A leading Technology Products distribution and investment Holding Company in Asia and Inflexionpoint, a Private Equity structured  supply chain firm co-founded by John Sculley (former CEO of Apple & Pepsi Cola Co) jointly announced today that they have entered into a partnership to form a joint venture company in Asia. The joint venture company SiS Inflexionpoint Pte Ltd, based in Singapore is to invest in promising businesses & technology companies in the Asia Pacific region. The company will also invest in IT/CE Distribution, VAR, SI & supply chain companies. The joint venture company also announced today the acquisition of the broad line distribution business of Qool Labs Singapore.

The Best of East-West Partnership. Creating a formidable force in one of the fastest growing market in the world.

Both SiS and Inflexionpoint are well respected companies with unique skills, strengths and leaders that complement each other. The joint venture represents the best of East & West partnership. SiS brings a vast Asia network and 30 years of experience in Channel Marketing, distribution and investment in technology companies & businesses in Asia. Inflexionpoint brings private equity and growth working capital financial expertise and western marketing at its best.

SiS has a long history of success; a pioneer in the distribution of IT and smart phone products, SiS is considered as one of the best distribution operators with an extensive network of resellers, retailers and mobile operators; representing many of the world’s most renowned manufacturers. “Leveraging on SiS experienced management team and extensive distribution network spanned throughout the region, SiS provides us an immediate entry into one of the fastest growing region in the world.” commented John Sculley, Chairman of Inflexionpoint.

A new dimension, a new value offering – Private Equity with distribution and marketing strengths

Through the combined strengths and working hand in hand, SiS Inflexionpoint offer companies who it intends to invest in the best value preposition. From Inflexionpoint: financial expertise in private equity and western marketing. From SiS: the building of long term partnerships from the East together with experience in channel marketing and a wide distribution network.

“We are delighted to collaborate with John and Inflexionpoint. The Inflexionpoint team and John bring a new dimension to IT distribution and the full spectrum of IT supply chain management that is most invaluable.” said KH Lim, Chairman & CEO of SiS Group. SiS Inflexionpoint is immediately positioned to capitalise on the expansion in the converged IT & mobile distribution and IT supply chain. “Together, combining our core strengths and working hand in hand, we are positioned to drive vigorous growth across the Asia Pacific Region and create an IT & Mobile distribution powerhouse in Asia” said John Sculley.  KH Lim will serve as Chairman of the new joint venture company and Neeraj Chauhan assumes the role of CEO.

About SiS International Holdings Limited

Founded in Singapore in 1983, SiS is an Investment Holding company and a leading Technology Product Distribution listed on the main board of the Hong Kong Stock Exchange.  Its principal business interests include Real Estate investment, Mobile & IT Products Distribution as well as Investments in Promising Businesses.

About Inflexionpoint Asia

Inflexionpoint is a private equity structured IT supply chain company. Inflexionpoint founding partners are John Sculley (former Apple and Pepsi CEO); Shane Maine (London based structured finance strategist); Gordon McMillan (Toronto-based financial services entrepreneur); and, Neeraj Chauhan (experienced global distribution entrepreneur). Inflexionpoint’s mandate is to create a multi-billion dollar company through a combination of strategic acquisitions and organic growth.

Inflexionpoint acquires Indian IT Distributor Iris Computers

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New Delhi, December 18, 2013

Inflexionpoint Acquisition Corporation (Inflexionpoint) and Iris Computers Ltd announced today that they have completed the Share Purchase Transaction where Inflexionpoint has acquired controlling stake in New Delhi based Iris Computers Ltd.  This is the second significant acquisition by Inflexionpoint in Asia.  Earlier this year it had completed the acquisition of Singapore based IT Component Distributor, Dragon Technology Distribution (“Dragon”).  With the Iris and Dragon acquisitions, Inflexionpoint has consolidated over 700 MN USD in annual distribution revenues spread over 9 countries in Asia Pacific.

Founded in 1996 by Sanjiv Krishen and his two partners, Iris Computers is a Tier 1 National IT Distributor with headquarters in New Delhi.  The company distributes computer systems and peripherals, from leading OEMs like IBM, Lenovo, HP, Dell, Samsung, Acer, HCL, Canon, Western Digital, and APC through its network of 34 branches throughout India.

“The Iris acquisition provides us with a robust and scalable platform to grow Inflexionpoint’s distribution operations in India and beyond.” said John Sculley, Managing Partner of Inflexionpoint.  “We are impressed with the Iris team’s market knowledge, execution capabilities and customer orientation.  Sanjiv Krishen, Chairman of Iris, brings vast experience and relationships with customer and vendor partners to the group.” added Mr Sculley.

“We are delighted to be chosen by Inflexionpoint for their investment in India.  Iris has been a Distributor of choice and integral part of India’s strategy for leading OEMs.  The company and its associates shall benefit from the international relationships, financial resources and management capabilities available at Inflexionpoint.”  said Sanjiv Krishen, Founder and Chairman of Iris Computers.

Founded by John Sculley (Ex CEO of Pepsi and Apple), along with his partners, Inflexionpoint is aggregating IT and Telecom Supply chain companies in Asia.  The Inflexionpoint leadership team believes that it can significantly build upon its platform acquisitions by adding international best practices in market expansion, channel financing and risk management.

As per the company, Sanjiv Krishen shall continue to lead Iris Computers as its Chairman.  In the newly reconstituted board, Neeraj Chauhan (CEO Inflexionpoint Asia) and Vishal Sopory have been appointed as Directors.

About Inflexionpoint Acquisition Corporation

Founded in 2011, Inflexionpoint Acquisition Corporation (“Inflexionpoint”) is a global-focused IT supply chain company.  The founders of Inflexionpoint are also the founders of Pivot Technology Solutions, a Toronto, Canada based holding company created for the purposes of acquiring North American IT VARs and timed to take advantage of the consolidation opportunities of value-added IT resellers.  Since its creation, Pivot has experienced 66% revenue growth in less than two years, making it one of North America’s largest VAR with over $1.45 Billion in revenues. (www.inflexionpointac.com)

The Inflexionpoint team has deep IT industry expertise as well as an experienced Board of Directors with IT Product and Services expertise.  The Board of Directors and management team include: former Apple and Pepsi CEO John Sculley; technology and financial entrepreneurs Shane Maine and Gordon McMillan, and Neeraj Chauhan, the Former Managing Director of Global Infonet Distribution, India.

Inflexionpoint has offices in the United Kingdom, Jersey, Ireland, Singapore, India and Canada.

About Iris Computers Limited

Established in 1996, Iris Computers is a 16 Billion INR revenue, broad line Indian IT distribution company.  Iris acts as an Authorized Distributor for leading OEMs and services over 3000 VAR/SI, Re-seller and Sub Distribution customers across the country. The company also has project management capabilities. (www.iriscomputers.net)

Headquartered in New Delhi, Iris distributes its products through its countrywide branch network of 34 locations.  Iris ranks among the Top 5 National IT Distribution companies in India.

Iris has shown a consistent business growth over the past fifteen years with last year growth being an impressive 46% compared to the previous year.

Inflexionpoint acquires 100% of Dragon Technology Distribution Pte. Ltd.: Announcement from Dragon Group International Limited

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Singapore, May 3, 2013

Unless otherwise defined, capitalised terms used herein shall have the same meanings ascribed to them as in the shareholders’ circular dated 20 March 2013 (the “Circular”) issued by the Dragon Group International Limited (the “Company”).

Further to the announcements of the Company dated 13 September 2012, 29 January 2013, 15 March 2013 and 30 April 2013 and the Circular, the Board is pleased to announce that the Completion of the Proposed Disposal took place today. With the Completion, Dragon Technology Distribution Pte. Ltd. (“DTD”) ceased to be a subsidiary of the Company.

The Company wishes to announce that prior to Completion, the Parties have agreed to amend the adjustment mechanism for the Consideration as follows. The Company produced the completion balance sheet and a statement as to the NTA of the DTD Group as at a fixed date of 31 March 2013, instead of the Completion Date (as initially stipulated in the Agreement) (the “Completion Balance Sheet”). Based on this Completion Balance Sheet, the adjusted Consideration is US$18,419,161 (adjusted from the initial amount of US$19,400,000, which was based on the unaudited NTA of the DTD Group as at 31 March 2012).

This adjustment to the Consideration would have had to take place within ninety days from the Completion Date, but the Company and the Purchaser have agreed to proceed on this amended basis to facilitate the Completion.

In addition, the Company wishes to update the shareholders on the fulfillment or waiver (as the case may be) of the conditions precedent to the Completion, pursuant to paragraph 2.4 of the Circular. As at Completion, further to the conditions precedent which have been fulfilled or obtained and disclosed in the Circular:

  1. the condition precedent set out in paragraph 2.4.2 of the Circular, being the approvals of the respective shareholders of the Company and ASTI Holdings Limited for the disposal of the Sale Shares on the terms and subject to the conditions of the Agreement and the change of the Company’s and, if applicable, ASTI Holdings Limited’s business and risk profile, has been fulfilled;
  2. the condition precedent set out in paragraph 2.4.4, being the execution of service agreements for the key management of the DTD Group on terms acceptable to the Purchaser, has been irrevocably and unconditionally waived by the Purchaser;
  3. the condition precedent set out in paragraph 2.4.5, being the execution of a service agreement for Dato’ Michael Loh Soon Gnee, has been fulfilled;
  4. the condition precedent set out in paragraph 2.4.7, being all security arrangements (including but not limited to charges, pledges and guarantees) granted on behalf of DTD by DGI, the Company or any other related corporation of DGI or the Company being discharged to the reasonable satisfaction of the Purchaser, has been irrevocably and unconditionally waived by the Purchaser;
  5. the condition precedent set out in paragraph 2.4.8, that DTD has no less than US$15,000,000 in cash and/or in its bank balances on the Completion Date, has been fulfilled.

 

Inflexionpoint Technologies enters into a Share Purchase Agreement with Iris Computers Ltd.

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New Delhi, October 4, 2012

Inflexionpoint Technologies (“Inflexionpoint”) and Iris Computers Ltd. (“Iris”) announced today that they have entered into a Share Purchase Agreement where InflexionPoint has acquired a stake in Iris. This is the first investment by Inflexionpoint which is in the process of aggregating IT Distribution companies in Asia. It recently announced a Share Purchase Agreement to acquire a majority share in a Singapore based IT Component Distributor, Dragon Technology Group.

Founded in 1996, Iris Computers is a Tier 1 National IT Distributor with headquarters in New Delhi. The company distributes computer systems and peripherals, from leading OEMs like IBM, Lenovo, HP, Dell, Samsung, Acer, HCL, Canon and APC through its network of 34 branches throughout India.

“Our investment in Iris will provide us with a robust IT Distribution platform in the Indian market, which will be an important part of our Asian operations” said John Sculley, Managing Partner of Inflexionpoint. “We are impressed with the Iris team’s market knowledge, execution capabilities and customer orientation. Mr. Sanjiv Krishen, Chairman of Iris, brings vast experience and relationships in IT Distribution to the group. We are happy to report that Mr. Krishen has agreed to continue leading the company after the completion of the transaction as well.” added Mr. Sculley.

“We are delighted to be associated with Inflexionpoint for their investment in India.  Iris has been a National Distributor of choice in India for leading IT brands.  We are confident that Inflexionpoint will further accelerate our growth and cement our position as a leading IT distributor” said Mr. Sanjiv Krishen, Chairman and Managing Director of Iris Computers.

About Inflexionpoint Technologies

Founded in 2011, Inflexionpoint Technologies (“Inflexionpoint”) is a global-focused IT supply chain company.  The founders of Inflexionpoint are also the founders of Pivot Technology Solutions, a Toronto, Canada, based holding company created for the purposes of acquiring North American IT VARs and timed to take advantage of the consolidation opportunities of value-added IT resellers.  Since its creation, Pivot has experienced 66% revenue growth in less than two years, making it one of North America’s largest VAR with over $ 1.5 Billion in revenues.

The Inflexionpoint team has deep IT industry expertise as well as an experienced Board of Directors with IT Product and Services expertise.  The Board of Directors and management team include: former Apple and Pepsi CEO John Sculley; technology and financial entrepreneurs Shane Maine and Gordon McMillan; and, Neeraj Chauhan, the former Managing Director of Global Infonet Distribution, India.

Inflexionpoint has offices in the United Kingdom, Jersey, Ireland, Singapore, India and Canada.

About Iris Computers Limited

Established in 1996, Iris is a Tier 1 IT distribution company and ranks among the Top 10 companies in this space in India.  Iris acts as an Authorised Distributor for leading OEMs and services over 2000 VAR/SI, Reseller and Sub Distribution customers across the country. The company also has project management capabilities.

Headquartered in New Delhi, Iris distributes its products through its countrywide branch network of 34 locations.

Iris has shown a consistent business growth over the past fifteen years with last year growth being an impressive 34 % compared to the previous year.

Inflexionpoint Technologies enters into a share purchase agreement with Dragon Group International

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Singapore, September 13, 2012

Inflexionpoint Technologies Pte. Limited (Singapore) announced that it has entered into a conditional sale and purchase agreement with Dragon Group International Limited Singapore (DGI), a company listed on the Singapore Stock Exchange, for the purchase of the entire shareholding interest held by DGI in its wholly-owned subsidiary Dragon Technology Distribution Pte. Ltd. (DTD).

DTD’s main business is in the sales and distribution of electronic component and has subsidiaries spanning Singapore, Hong Kong, China, India, Malaysia, South Korea and Thailand.

“The acquisition of DTD will provide us with a strong platform to expand our presence in Asia.  DTD’s strong team and leadership will provide an excellent opportunity to leverage InflexionPoint’s strong relationships with global technology partners” said John Sculley, Managing Partner of Inflexionpoint Technologies.

About Inflexionpoint Technologies

Founded in 2011, Inflexionpoint Technologies (“Inflexionpoint” or “IP”) is a global-focused IT supply chain company.  The founders of InflexionPoint are also the founders of Pivot Technology Solutions., a Toronto, Canada, based holding company created for the purposes of acquiring North American IT VARs and timed to take advantage of the consolidation opportunities of value-added IT resellers.  Since its creation, Pivot has experienced 66% revenue growth in less than two years, making it one of North America’s largest VAR.

The Inflexionpoint team has deep IT industry expertise as well as an experienced Board of Directors with IT Services expertise.  The Board of Directors and management team include; former Apple and Pepsi CEO John Sculley, technology and financial entrepreneurs Shane Maine and Gord McMillan, and Neeraj Chauhan, the former Managing Director of Global Infonet Distribution, India.

Inflexionpoint has offices in the United Kingdom, Jersey, Ireland, Singapore, India and Canada.

About Dragon Group International Limited Singapore

The Dragon Group, previously known as Flextech Holdings Limited, was founded in 1990. The shares of DGI are quoted on the mainboard of the Singapore Exchange.  In June 2006, DGI became a subsidiary of mainboard listed ASTI Holdings Limited (“ASTI”), one of the world’s leading semiconductor manufacturing services providers.

Riding on its DDD (Design, Develop and Distribute) capabilities, the Dragon Group focuses on demand creation through application solutions development in the communication and 3C convergence markets (convergence of Communication, Consumer and Computation devices, technologies and applications). Collaborating with a number of best-in-class suppliers, it provides in-depth products and solutions expertise to its customers in the key regional markets.

Headquartered in Singapore, the Dragon Group has subsidiaries and representative offices across Singapore, Hong Kong, China, India, Malaysia, South Korea and Thailand.

http://www.dragongp.com/

Inflexionpoint Managing Partner leads agenda line-up at Cloud Computing World Forum

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Inflexionpoint’s Managing Partner, John Sculley, delivered the opening keynote on day one of the 4th Annual Cloud Computing World Forum.

London, UK, June 12, 2012

With doors almost set to open on Europe’s leading cloud computing event, the Cloud Computing World Forum 2012, organisers have announced that one of the technology industry’s most renowned figures, John Sculley, will be delivering the show’s opening keynote.

Mr. Sculley, who will present his discussion “Looking at Technology Innovation from the CEO’s Perspective”, is a distinguished business leader, having previously held CEO roles at two of the world’s biggest organisations – Apple and Pepsico.

During his period in charge of Pepsico in the late 70s and early 80s, Mr. Sculley was responsible for overseeing the market innovations “Pepsi Generation” and”Pepsi Challenge” which helped propel the company to become the largest selling packaged consumer brand in America.

And in his role as CEO of Apple between 1983-1993, he helped launch Apple’s 1984 Apple Macintosh, Desktop Publishing, and the Apple Powerbook. During this time, Sculley’s working relationship with the late Steve Jobs became, and remains, one of the most high-profile topics of discussion throughout the world of business.

Since leaving Apple, John Sculley has helped build a number of transformational technology-enabled companies in information technology, financial services, telecommunication and healthcare, as well as playing a key role in mentoring serial entrepreneurs and CEOs.

He currently holds a role as Managing Partner, for Inflexionpoint, an IT and financial services investment firm.  The company has offices in the United Kingdom, Jersey, Ireland, Singapore, India and Canada.

Mr. Sculley joins a list of over 150 industry experts already confirmed to speak at the Cloud Computing World Forum, including Minister for the UK Cabinet Office, Francis Maude, CTO for Amazon, Werner Vogels, Chief Scientist for Salesforce.com, JP Rangaswami, CISO for eBay, Dave Cullinane, and many more.

The seminar agenda will be held across 8 theatres covering all of the latest topics in cloud, including SaaS, Security, Big Data, PaaS, Mobile, Public Sector, Virtualization, Communications, Social CRM and more.

Delegates attending the Cloud Computing World Forum will also have access to the exhibition hall where over 100 global exhibitors from the enterprise technology sector will be in attendance, displaying their latest and most innovative cloud computing products and solutions.

Sponsors of the show include Microsoft, Google, Accenture, Dell, Intel , McAfee, Huawei, Safenet, Savvis.

To book your FREE pass for the event just click here or for further information go to the website – http://www.cloudwf.com/.

About Cloud Computing World Forum:

With over 3,000 senior IT decision-makers attending its 2011 show, the Cloud Computing World Forum is the leading cloud computing event in Europe. Over 20% of its attendees are C-level and above, and its exhibitors and speakers are globally recognised IT industry specialists. To be held on June 12th and 13th, at Earls Court, London, the 2012 Cloud Computing World Forum promises to be even bigger and better than before, offering more top companies and experts.

John Sculley’s presentation, Looking at Technology Innovation from the CEO’s Perspective will be held at 10am in the Vision Theatre on 12 June 2012.

For details of all seminars and a full agenda visit www.cloudwf.com/conference/speakers