MONTREAL, July 26 /CNW/ - Montec Holdings Inc. (TSX-V: MTE) ("Montec"), a holding company focused on acquiring and developing a diversified portfolio of high-growth technology companies, today announced that its subsidiary Datex Billing Services Inc. ("Datex") has purchased Angus Dortmans Associates Inc. ("ADA"), a private management consultancy firm focused on the telecommunications sector.
Angus Dortmans Associates has, during the last 12 years, assisted clients to solve practical problems and make better decisions by providing top-quality insight, counsel and direction. The company counsels end-user organizations on the use of telecommunications systems, networks and services. ADA provides its knowledge, skills and influence to assist clients in making sound decisions that advance their business goals, and ensure that those decisions are implemented effectively.
"Adding such a profitable company like ADA to our growing portfolio of telecom companies will allow Montec to enhance its position to increase revenues and generate economies of scale." stated Myer Bentob, CEO of Montec Holdings Inc.
"ADA is highly complementary to the Datex growth strategy. Our recent success in integrating Contour Telecom Management Inc. into our Management Services operation gives us great confidence in the synergies we will generate with this acquisition. ADA will provide us with additional leverage in our Management Services offering and will increase our position in the market" said Jim Dawson, President of Datex.
"By joining forces with Datex and Montec, we secure ADA's future through a synergistic and growth-oriented strategy. Datex's technology platform and the advanced processes which Contour brings will serve as a springboard for providing outsourced telecom management and advisory services. I strongly believe this transaction will benefit everyone, especially our clients", commented Henry Dortmans, President of Angus Dortmans Associates.
Mr. Dortmans will head up the Datex Management Services division which focuses on telecom expense management (TEM), telecom consulting services, and contact centre solutions using Datex's proprietary web-based tools.
About Angus Dortmans Associates Inc.
Angus Dortmans Associates provides management advisory services to end-user organizations that rely on business telecommunications, networks and contact centres to advance their business goals. The firm helps organizations solve problems and make better decisions.
About Datex Inc.
Datex (www.datex.ca) is a leading application service provider of Customer Management and Billing solutions and Telecom Expense Management solutions, in a variety of divergent vertical markets. Using its proprietary Customer Lifestyle Management (CLM) process, Datex team has successfully managed and maintained the customer care and billing infrastructure for more than 60 companies spanning three decades of knowledge and experience. Datex' team of technology experts solves the logistical and technological challenges of small and medium sized customer focused business.
About Montec Holdings Inc.
Montec Holdings Inc. is listed on the TSX Venture Exchange (TSX-V: MTE). Montec's objective is to create shareholder value by building a profitable technology entity with high-growth potential. Structured as a holding company, it will acquire, in each case, at least 51% shareholdings of a number of synergetic companies and it will develop a diversified portfolio of high-growth technology companies. Montec recently completed the acquisition of Datex Billing Services Inc. For more information about Montec Holdings, please visit our website at www.montecholdings.com.
Forward Looking Statements
This press release contains forward-looking statements which reflect the Company's current expectations regarding future events. The forward-looking statements involve risks and uncertainties. Actual results could differ materially from those projected herein. The Company disclaims any obligation to update these forward-looking statements.
The TSX Venture Exchange Inc. has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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