ABEAM CONSULTING ACQUIRES 70 PCT SHARES OF LIGHTSTREAM ANALYTICS OF SINGAPORE

KUALA LUMPUR, Dec 6 (Bernama) – ABeam Consulting Pte. Ltd. of Singapore has acquired 70 per cent of shares in LightStream Analytics Pte. Ltd of Singapore with all the remaining shares to be purchased by 2021.

The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service offerings throughout Southeast Asia, according to a statement.

The agreement will enable ABeam Consulting to support clients to strengthen their business transformation capabilities through the application of data analytics.

Founded in 2006, LightStream is a provider of analytics and other data-related services throughout Southeast Asia.

ABeam Consulting President Toshinori Iwasawa said: "By integrating the profound knowledge, experience and expertise of LightStream, ABeam Consulting will be able to provide greater added value to our customers."

"Leveraging ABeam's deep domain expertise, extensive international client base and uncompromising reputation for excellence, LightStream Analytics will be able to accelerate our delivery of transformational advanced analytic solutions across Asia,” LightStream said the statement.

Headquartered in Tokyo, ABeam Consulting provides business transformation services that create strategic advantages, improve business processes, leverage technology innovation and enhance organizational performance. More details at  http://www.abeam.com/

-- BERNAMA