Camstar's multiyear strategy for global expansion, as required to meet the expectations of our global customers, is on track
Charlotte, NC (PRWEB) October 27, 2009
Camstar Systems, Inc., the leading provider of manufacturing and quality software solutions for the Life Sciences, Solar and High Tech industries, today announced that it has acquired Technology Resources Group, Asia's leading Systems Integrator in the Semiconductor, Solar and Electronics manufacturing industries. Headquartered in Singapore with offices in China and Malaysia, Technology Resources Group offers expertise in manufacturing execution equipment automation, manufacturing applications development and program management for enterprise solution deployments.
Camstar's acquisition of Technology Resources Group strengthens its leadership position in the Semiconductor, Solar and Electronics markets by expanding its services and support team in the Asia Pacific region. The move is expected to accelerate the growth of Camstar's comprehensive Manufacturing and Quality Platform in the region, where multinational, Chinese and Southeast Asian manufacturers alike focus on driving sustained growth while delivering to the quality standards that are expected by the global marketplace.
"Technology Resources Group is a longstanding and trusted partner, and their unwavering commitment to customer service and success mirrors our own," said Scott Toney, Camstar President and CEO. "This acquisition is a key part of Camstar's strategy for dominating the manufacturing execution and quality management markets in Asia, which continues to grow as the production destination for global manufacturers. Also, we will be well positioned to serve the Medical Device and Biotech industries as they expand manufacturing operations into Asia, ensuring product quality which is so critical to the Life Science sector."
"Technology Resources Group has significant expertise and domain knowledge that will allow us to extend our industry-leading solutions for Solar, Semiconductor and Electronics," said Robert Rudder, Senior Vice President of Global Sales and Marketing for Camstar. "Our combined services and support teams will further enhance our ability to expand our current Systems Integrator and Reseller partner network in China, which is critical to Camstar achieving our growth targets in the local China market."
"We are delighted and excited to join Camstar and lead their growth in the Asia region," said Kong Eng Teck, Technology Resource Group's founder and CEO, who will assume the role of Managing Director, Camstar Asia. "Our mutual vision for the region as well as our combined commitment to customers should allow us to quickly gain market share in our industries and help facilitate the technical development of additional partners in the region. The positive synergies between the two organizations make this union not only a win for our companies, but more importantly a significant win for our customers in Asia."
"Camstar's multiyear strategy for global expansion, as required to meet the expectations of our global customers, is on track," continued Scott Toney. "Our prudent management of the business has allowed us to invest heavily in R&D over the last two and a half years while maintaining the strong financial position to make this strategic investment. This acquisition will serve as a foundation to support the rapid growth we expect as the economy improves, led by the economic recovery of Asia."
About Technology Resources Group
Technology Resources Group is a premiere systems integrator strategically focused on supplying advanced technology products and services to the semiconductor, solar and electronics industries. Founded in 2003 by ex-TRW management, TR Group has its headquarters in Singapore with offices in China and Malaysia. Technology Resource Group's reputed team of domain-experts and technology consultants insure the rapid and efficient implementation of Manufacturing Execution, Equipment Automation and Advanced Planning/Scheduling systems throughout the region.
Recognized by AMR Research as one of the global systems integrators [Service Providers in Manufacturing Operations, November 2006], TR Group had been singled out as having established capabilities to serve the High Tech and Electronics Industries. TR Group's clients are among the list of top fortune 500 companies, including large multinational corporations AMD, Canadian Solar, Cypress and SanDisk.
For more information, visit http://www.techresgroup.com
About Camstar Systems, Inc.
Camstar is a leading innovator of manufacturing software solutions that advance product quality in the manufacturing industry, enabling its customers to deliver the highest quality products on time, the first time, every time. The Camstar Enterprise Platform advances product quality throughout the product lifecycle, from design to planning to supply to manufacturing to customer product experience - all in a closed-loop learning process that allows future products to be designed better and manufacturing processes to be leaner and more efficient.
Camstar is the largest in its market, including solutions for manufacturing execution, process planning, enterprise quality management, and manufacturing intelligence. For over 25 years, Camstar has served hundreds of satisfied customers worldwide, including Abbott, AMD, Amkor, Arcelor, Beijing SE Potevio Mobile Communications, BIOTRONIK, Boston Scientific, Canadian Solar, CIBA Vision, Emcore, Hitachi, IBM, Johnson & Johnson, Kodak, Life Technologies, Luvata, MiaSole, Noven Pharmaceutical, NXP, Pacific Biosciences, Q-Cells, Roche, SanDisk, Xilinx, Zeiss, and ZOLL.
For more information, visit http://www.camstar.com
# # #