(PRWEB) October 6, 2010
Inovisi wants to increase its infrastructure presence out of telecommunication industries, and Abundant Global is a global Oil & Gas B2B e-commerce infrastructure company. Part of the deal includes Inovisi handing over the running of its Oil & Gas infrastructure technologies to Abundant Global, meaning Abundant Global will run Inovisi Oil & Gas B2B e-commerce infrastructure division.
The Inovisi-Abundant Global deal is now the largest investment by an Indonesian company to break into global Oil & Gas B2B market, which includes shipping, logistic & storage business. Indonesia is an estimated 260 million population market (1/6 of China), the largest population country in South East Asia. B2B e-commerce market is expected to grow exponentially following China precedence.
This creates a $1 billion e-commerce giant out of Inovisi, which will compete indirectly with Alibaba.com, Trade Media Holdings Ltd's Globalsources.com, and Google over the Global B2B e-commerce Internet market.
The total transaction value for China's e-commerce industry in the first half of 2010 was RMB 2,250 billion ($332.6 billion), of which 91 percent consisted of the business-to-business (B2B) sector with the remainder made up of the business-to-consumer (B2C) and consumer-to-consumer (C2C) sectors, according to China e-Business Research Center (CBRC) on Aug. 9, 2010.
The combined market share of five publicly-listed B2B companies accounted for 74.7 percent of the B2B market in the first half, according to CBRC.
By far the largest player was Hong Kong-listed Alibaba.com Ltd. with a 54.6 percent market share. Nasdaq-listed Trade Media Holdings Ltd., operator of Globalsources.com.cn, was second with 11.8 percent of the market, while HC360.com, operated by Hong Kong-listed HC International Inc., had a 3 percent market share in the first half, the report said.
Indonesia is one of the fastest growing economy in the world with huge population. With exponential growth in existing industry, Inovisi expansion into diverse industries is expected to play a leading role in the Oil & Gas B2B e-commerce market on top of telecommunication, information technology as well as mobile Internet infrastructure business.
The agreement also gives majority board seats and voting rights in Abundant Global, making it the largest strategic investor.
In return, Abundant Global wins the right to use and grow the Inovisi Oil & Gas B2B e-commerce infrastructure globally.
"Inovisi will purchase Abundant Global's shares from the company and other shareholders for 40 million dollars,” said Inovisi in a press statement.
"Inovisi will contribute its Oil & Gas infrastructure technologies to Abundant Global. The two companies will work together in an exclusive partnership to grow the Inovisi Oil & Gas e-commerce infrastructure brand globally, especially in South East Asia, Middle East and China.”
Detail of the investment and terms were pending and not disclosed as of to date, and was expected to materialized within 4th Quarter 2010.
About Inovisi Infracom
PT Inovisi Infracom Tbk builds infrastructure and unload bandwidth for Telecommunication Industry to include basic solution from young telecommunication operators such as MVNO system, up to establish operators who need to boost and optimize VAS and improve ARPU, especially on mobile internet. The company engages in the development, management and sale of products and services that provide network infrastructure, which creates environment for accelerating the delivery of data and voice transactions, deployment of services and applications over a single Internet Protocol (IP) based network. The company offers three business solutions: Infrastructure, Managed Solution, and Service. The company has acquired experience from successful Telecommunications and Information Technology installations in many industries, which supports Voice over Internet Protocol (VoIP), IPTV, VPN networking, Satellite Communications and Wireless Communication networks. For further information, visit the company web site http://www.inovisi.com
About Abundant Global
Abundant Global is an investment holding company focused on Oil & Gas infrastructure investments, including B2B e-commerce platform for shipping, logistic & storage transactions, lease and trade business, engineering as well as contract works. The company also provides tanker leasing, maintenance and refurbish services, as well as owning and operating land and coastal storage. The company main investments focus is in South East Asia, with strong business presence in San Francisco CA (USA) Middle East and China.