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In October 2005, 3Q Holdings Limited acquired 100% of QQQ Systems Pty Limited, a software company that provides software applications
to the retail industry in Australia and New Zealand.
3Q Holdings Limited (ASX:TQH), formerly known as Acuity Investment Management
Limited, re-commenced trading on the ASX on December 28, 2005.
QQQ Systems carries on a business that has been providing end-to-end solutions
to the Australian market for over 15 years. With origins as a point of sale
(POS) and head office solutions provider for retailers, QQQ Systems develops,
sells, implements and integrates retail technology solutions and services for
a wide range of retail clients operating in the fashion, electronics, furniture,
general merchandise and discount variety industries.
In March 2006 the company acquired the San Diego based Applied Retail Solutions
business (ARS). ARS has been providing software and services to mid-sized and
large retailers in the United States since 1987 with it's core product
"OnePointe" providing a Post to Host solution in market segments such as apparel,
footwear, entertainment, discount and variety. The ARS product mix is synergistic
with the existing product range available through TQH in Australia. The acquisition
provides TQH with an excellent entry into the US retail software and services market.
New Zealand based AdvanceRetail Technology was acquired by TQH in March 2007.
AdvanceRetail Technology is a leading retail solutions provider with offices in Auckland,
Sydney and Brisbane and representation in Malaysia, China and Singapore with a staff
complement of approximately 42. The company has a range of strategic alliances through
which the Company takes its products and services to market and these alliances are with
industry leaders that include SAP, Microsoft and IBM. With a high quality customer base
in Australia, New Zealand and Asia, the purchase of AdvanceRetail Technology will see
TQH acquire an organization that will offer great synergies in terms of providing
excellent management, a loyal customer base, strategic products and an existing
reseller network in Asia, where TQH sees many expansion opportunities over the
coming few years.
By paying attention to the fundamental principles of:
- ensuring that we grow within our means
- offering good service
- aiming to generate profits with a positive cash flow
- aiming to generate profits with our own intellectual property
we intend to fuel growth for the company both organically and by acquisition.
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