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FINESSE, a subsidiary of Kin Sang Group to acquire Pro-Tech Software
A strategic move to achieve undisputed health tech market leadership in digital business through inorganic growth
Hong Kong, 11 April 2022 – To achieve undisputed health tech market leadership in digital business across Asia-Pacific and the Greater Bay Area through inorganic growth, Finessetech Holdings Limited (“FINESSE”), a subsidiary of Kin Sang Group is pleased to announce it has entered into an agreement to acquire Pro-Tech Software (Asia) Limited (“Pro-Tech Software”) from Pro-Tech Technology (Asia) Limited.
Pro-Tech Software is a leading Hong Kong-based boutique consultancy specializing in Microsoft 365, Microsoft technology, cloud platforms, and business process management (BPM) system implementation. It will remain an independent firm operating its office collaboration (SharePoint) and BPM businesses on completion of the acquisition and will exit its digital offerings.
"We are committed to becoming the undisputed leader in digital transformation services and expanding our offering of innovative IT solutions across Asia-Pacific and the Greater Bay Area," said Terry Cheng, FINESSE Executive Director. "With Pro-Tech Software's experienced team, we will be able to further strengthen our digital transformation and HK coverage, launch even more comprehensive solutions, and accelerate innovative and valuable business solutions that matter in this ever-changing digital era."
Pro-Tech Software will bring an extensive client base from the BPM, NGO social service products, and financial services industry, enabling FINESSE to capture even more opportunities in the digital transformation trend, especially in health tech.
"The team and I are looking forward to joining FINESSE and working collectively to redefine digital transformation services delivery," said Steve Yu and Jerry Cheung, Founders of Pro-Tech Software."It will also enable us to leverage Kin Sang Group’s comprehensive resources and reputation to recruit and retain the best digital talent as transformation becomes the new norm in the post-COVID world.
The closing of this transaction is subject to customary conditions. Founded in 2014, Pro-Tech Software is a recognized implementer of BPM and SharePoint in Asia-Pacific offering collaborative software solutions to small, medium-sized, and large businesses in every industry.
Reference is made to the announcement of FINESSE. (the “Company”) dated 30 Nov 2021, and the circular of the Company dated 30 November 2021 in respect of the major transaction in relation to the proposed acquisition of the BPM & SharePoint System Integrator (“Pro-Tech Software”) business from Pro-Tech Technology (Asia) Limited.
The Company is pleased to announce that the condition precedent as set out in the MOU. The agreement has been satisfied and closing took place on 30 Nov 2021.