Singapore’s Y3 Technologies acquires Ascentis, part of transformation
By Digital News Asia June 23, 2016
- Ascentis to become a Y3 Technologies subsidiary company
- Y3 to leverage Ascentis products into a seamless solution
SINGAPORE-headquartered supply chain management solutions provider Y3 Technologies has acquired Ascentis, also from Singapore, which specialises in customer relationship management (CRM), e-commerce and business intelligence (BI).
Financial terms were not disclosed.
Ascentis develops CRM and e-commerce platforms that can integrate with leading POS (point-of-sale) solutions so that clients can react dynamically to market demands. Some of its clients include Changi Airport Group, CK Tangs, Muji, SPC and Crystal Jade.
Following the acquisition, Ascentis will become a Y3 Technologies subsidiary company, offering both solutions and managed services around CRM, loyalty, and e-commerce, Y3 Technologies said in a statement.
Y3 Technologies will also leverage Ascentis’ core products to develop a seamless, integrated, e-commerce supply chain management solution.
The acquisition is also part of Y3 Technologies’ transformation and rebranding efforts, the company said.
“We recognise that in order to stay ahead in a rapidly evolving world, it has become necessary to find better ways to translate needs and expectations into lucrative opportunities,” said its deputy chairman and executive director Robert MC Yap.
“Y3 is on a journey with its customers and people to reinvent tomorrow. Together, we will deliver innovative technology solutions that can make a positive impact on the way people think, live and work,” he added.
Founded in 1981, Y3 Technologies’ customers include YCH Group, Carrefour, Dell and Royal Friesland Campina.
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