AsiaNet 76623

TOKYO, Dec. 6, 2018 /Kyodo JBN-AsiaNet/ --
 

ABeam Consulting Pte. Ltd. of Singapore, a subsidiary of ABeam Consulting Ltd. of Chiyoda-ku, Tokyo, concluded an agreement earlier this year to acquire 70% of shares in data analytics powerhouse LightStream Analytics Pte. Ltd. of Singapore. The deal is part of an ongoing effort by ABeam Consulting to expand its data analytics service offerings throughout Southeast Asia. The effort will continue with the purchase of all remaining LightStream shares by 2021. Founded in 2006, LightStream is a provider of analytics and other data-related services throughout Southeast Asia. LightStream's strengths include services that combine business knowledge and experience with advanced analytics and data management capabilities. Through these services, LightStream contributes to organizational growth by building medium-term to long-term relationships with a wide range of clients including financial firms, government bodies, manufacturers, consumer goods companies and educational institutions. In addition to its role in the strengthening of ABeam Consulting data analytics service capabilities throughout Southeast Asia, the agreement allows for the integration of these services with business consulting services. This will enable ABeam Consulting to better support clients in their efforts to strengthen their business transformation capabilities through the application of data analytics. "This agreement represents an upgrade of ABeam Consulting data analytics capabilities in Southeast Asia, which will enable us to provide more advanced consulting services to better meet our customers' needs," said ABeam Consulting President Toshinori Iwasawa. "By integrating the profound knowledge, experience and expertise of LightStream, ABeam Consulting will be able to provide greater added value to our customers." LightStream's Comment "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. We are extremely excited to join the ABeam group and look forward to providing deeper, multifaceted business and technical solutions to clients through the combined talent of our professional consulting teams." *ABeam and its logo are the registered trademarks of ABeam Consulting Ltd. in Japan and other countries. *All company and product names appearing in the news release are registered names, trademarks or registered trademarks of the respective holders. About ABeam Consulting ABeam Consulting provides business transformation services that create strategic advantages, improve business processes, leverage technology innovation, and enhance organizational performance for leading multinational and domestic companies worldwide. ABeam partners with clients to diagnose and solve their real challenges with solutions that combine industry and operational best practices with technical expertise. Pragmatic approaches ensure that clients gain measurable value more quickly. Headquartered in Tokyo, ABeam's 5,200 professionals serve more than 800 clients throughout Asia, the Americas and Europe. For more information, please visit http://www.abeam.com/ Source: ABeam Consulting Ltd. --BERNAMA