NCS Builds Up China Presence Through Investment in IPACS Computer Services

Singapore, October 23, 2002



National Computer Systems Pte Ltd (NCS) has invested in 51% of IPACS Computer Services (S) Pte Ltd, a Singapore-based company. This was announced yesterday at a press conference in Beijing between Mr. Lee Kwok Cheong, Chief Executive Officer of NCS, and Mr. Wong Sing Lam, Chairman of IPACS Asia Pte Ltd. Henceforth, IPACS Computer Services will market its services and solutions under the brand name "NCS ??".

According to IDC, China is the fastest growing IT services market in the region with a computed annual growth rate (CAGR) of about 41% from 2001 to 2006, in particular, banking and finance, telecommunication and government sectors are expected to experience the greatest growth. IPACS Computer Services is well poised to capitalise on the opportunities offered by this fast growing market. The company has a successful 12-year track record, gained brand recognition and has more than 400 customers in China. Its blue-chip customers include Shanghai Stock Exchange, Citic Industrial Bank, China Construction Bank, Bank of Communications, Agricultural Bank of China, Zhejiang Electrical Power Corporation, China Petroleum & Chemical Corporation, Ministry of Foreign Trade and Economic Cooperation, Civil Aviation Authority of China, Changsa Huanghua Airport and China Southwest Airlines.

IPACS Computer Services is principally involved in the IT services business in China, with main operations in Beijing, Shanghai, Fuzhou and branch offices in Chengdu and Guangzhou. With more than 200 staff, IPACS Computer Services has built key competencies in banking, aviation, distribution, energy and utilities industries. Its comprehensive range of solutions and services include systems and technology infrastructure, enterprise systems and solutions integration, industry business applications and outsourcing services.

Currently with offices in Australia, China, Hong Kong, India and Malaysia, NCS plans to grow its regional business with 'go-to market' strategies that best fit each target market. With the strategic investment in IPACS Computer Services, NCS will increase its business footprint and thereby, accelerate its growth in Greater China. NCS will leverage on IPACS Computer Services' domain and technical knowledge of local industries to better serve the China market.

Mr. Lee Kwok Cheong, Chief Executive Officer of NCS shared, "IPACS Computer Services is by far the largest investment in China by the NCS Group. This investment allows us to tap on readily available resources in IPACS Computer Services - its strong market and business knowledge, experience as well as and products and services that are dedicated to the China market." He added, "Together, NCS and IPACS Computer Services can provide end-to-end IT and engineering solutions as well as enhanced local support to our customers in China."

NCS will benefit from IPACS Computer Services' extensive marketing network, a large pool of skilled IT professionals, systems integration capabilities and sound local business practices. As an ISO9001 certified organisation since 1998, IPACS Computer Services can also deliver quality IT solutions. IPACS Computer Services will be a vehicle for NCS to rapidly expand its business in China, giving it immediate access to a blue-chip customer base and China's fast growing IT services industry.

Similarly, IPACS Computer Services can leverage NCS' best practices, international clientele, domain expertise and additional solution and service offerings to benefit both new and existing customers. With strengthened financial, technical and domain capabilities, IPACS Computer Services' business focus may be expanded to include new industry sectors such as e-government, education, healthcare and telecommunication. Both NCS and IPACS Computer Services' customers can expect to benefit from a wide-ranging suite of infocomm and engineering solutions and best practices.

Mr. Wong Sing Lam, Chairman of IPACS Asia Pte Ltd, said, "The strategic investment by NCS will allow us to enhance our capabilities in sales and marketing, industry, products and services and technical areas immediately. As a privately owned local company, we are honoured to partner NCS, a leader in the IT industry in Singapore and the region, to jointly establish a prominent presence in China."

IPACS Computer Services is NCS' third strategic investment in China. NCS set up its 100-strong Suzhou Development Centre in March 1998, with a sales office in Shanghai. This was followed by a 70% acquisition of Zhong Sheng Information Technology Co. Ltd. (ZISCO) in June 2000. ZISCO is in the business of providing IT training and certification, and has also developed "SellWell", the first Chinese Customer Relationship Management (CRM) software. "SellWell" has been endorsed by the Chinese government. IPACS Computer Services, on the other hand, is especially active in banking and finance, aviation and utilities sectors. The NCS Group of companies will cross-sell and up-sell its entire range of IT and engineering services and solutions, thereby providing a one-stop IT shop for its customers in Greater China.

Media Contact
Wendy Tang
NCS Pte Ltd
DID: +65 6556 5629

About NCS

NCS is a member of the Singtel Group and the leading information, communications and technology (ICT) service provider with presence in over 20 countries. NCS delivers end-to-end ICT solutions to help governments and enterprises realise business value through digital transformation and the innovative use of technology. Its unique delivery capabilities include consulting, applications development, systems integration, outsourcing, infrastructure management and portal solutions.