Hyro to acquire Indigo Pacific for $4.5 million

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Hyro to acquire Indigo Pacific for $4.5 million

Australian digital services company, Hyro, has announced its intention to acquire Sydney-based e-business systems group, Indigo Pacific, for a sum of $4.5 million.

The acquisition will add approximately $15 million in revenue and will play a key role in the overall success of Hyro’s Asian strategy stated as being one of Hyro’s objectives for 2007.

“Indigo Pacific has been active in China for 11 years and has developed very deep and very strong relationships throughout Asia. These are important ingredients to help us extend our Asian growth strategy,” said Hyro chief executive officer, Joe Calavassy.

Indigo Pacific will help add 220 new staff to Hyro and become approximately one-third of Hyro’s total workforce.

Indigo Pacific CEO, Hugh Millikin, said: "We were quick to identify trends such as workflow, electronic document production and records management. Now we are focussing on the integration of digital channel based activities and the workflow, document security and the commercial needs of our clients in these fields.”

Hyro is an ASX listed (ASX:HYO) Digital Services provider of online marketing, electronic commerce and other digital activities for major corporations and government agencies.

Indigo Pacific, founded 20 years ago, has developed e-business systems specifically with electronic document production, eforms, workflow management systems and supporting technologies.

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