Keppel and BayCorp to jointly develop online credit
and business information market to participate in e-commerce
growth in Asia
Singapore, 12 April 2000 - Singapore's Keppel
Telecommunications & Transportation Ltd, through its
wholly owned subsidiary Keppel Communication Pte Ltd, together
with New Zealand credit information provider BayCorp Holdings
Ltd, have formed a 50-50 joint venture to service the online
credit and business information market throughout Asia.
The joint venture company, BizInfo (Asia Pacific) aims to
establish a regional presence by taking up equity stakes in local
content providers in the Asia Pacific region.
Through these entities, BizInfo (Asia Pacific) would then
provide online commercial credit reporting and financial risk
management solutions by supplying in-depth analysis and data real-time
on companies to customers who are multi-nationals, banks and
Yesterday, BizInfo (Asia Pacific) took a large step forward by
acquiring a majority interest in Singapore-based Infocredit
Holdings Pte Ltd for S$8.8 million.
The acquisition of Infocredit (Singapore) gives BizInfo (Asia
Pacific) an equity stake in SingBizInfo, which is Infocredit's 55%
owned joint venture with reknowned business information provider
Dun & Bradstreet (Singapore).
There are also plans to expand the range of services to
include call centre and other related e-commerce services.
"Our strategy is two-pronged," said Mr Ng Eng Ho,
managing director of Keppel T&T. "We will leverage on
our existing telecoms and logistics assets to enable customers to
grow a successful online presence with our robust infrastructure,
technology and IT services."
"Second, we will faciliate their e-business by providing
critical content that lend a cutting edge to their enterprise,"
Last month, Keppel T&T acquired Thailand-based ANEW, which
has a joint venture with Dun & Bradstreet (Singapore) through
Business Online Company.
Keppel T&T also recently acquired Netrust, a Singaporean
digital certification company, which allows it to provide secure
communication of business information and services over the
Mr Keith McLaughlin, BayCorp's managing director said, "In
the case of BizInfo (Asia Pacific), we are bringing on the one
hand, local operators such as Infocredit and Dun & Bradstreet
(Singapore) who have the existing business infrastructure, market
networks and strong branding to enhance our customers'
"On the other, BayCorp and Keppel provide the enablig
technologies and operational expertise to enable these customers
to rapidly diversify their online capabilities."
"Both BayCorp and Keppel recognize that currently the
provision of essential credit and business information services
is lacking throughout much of Asia," he added.
"However, following the Asian financial crisis in the
alte 1990s, and the rapid advancement of electronic commerce,
credit providers, central banks, and governments have recognized
the fundamental need to create the infrastructure that can
provide the relevant credit and business services, such as online
credit bureaus," he said.
BayCorp is a New Zealand-based business and credit
information services provider. The company delivers customized
financial risk management solutions through technological
innovation. BayCorp facilitates commerce by providing trusted
About Keppel Communications
Keppel Communications develops and integrates
convergence technologies such as web servicing, conferencing and
call centres as well as provides project engineering services.
Keppel Communications Ltd is a wholly owned subsidiary of
Keppel T&T, a telecommunications and logistics provider
listed on the Singapore Exchange, which provides a B2B services.
Infocredit Holdings Pte Ltd commenced operation in 1995 with the
establishment of Infocredit International Pte Ltd.
IIPL is a global provider of credit information to an
extensive worldwide network. The IIPL client base includes
multinational corporations, banks, financial institutions and
large local enterprises.