The boards of Spectrum OSO Asia Limited and CDS Risk Management Asia, Incorporated (CDSRMA) have voted unanimously to approve an acquisition by Spectrum OSO Asia of the assets and business operations of CDSRMA. A completion date of 1 August 2007 has been set for the acquisition.
Spectrum OSO Asia is a leading provider of business intelligence, corporate investigation and related services in the Asian region. Spectrum OSO Asia also offers dedicated casino gaming consultancy services through a strategic partnership with Spectrum Gaming Group of the United States.
CDSRMA has been conducting due diligence and internal fraud investigations in Asia, and assisting clients with crisis management planning, for more than fifteen years. During this time the company has developed particular expertise in Intellectual Property Rights (IPR) investigations and enforcement work, both in China and elsewhere within the region.
The new entity will continue to operate under the name of Spectrum OSO Asia. Following the acquisition, the company will have offices in Japan, Hong Kong, China, Macau, Thailand and The Philippines, and will employ approximately 100 staff across the region.
“This acquisition is good for our companies and good for our clients. We are bringing together two teams of highly experienced professionals, many of whom are acknowledged experts in their fields, to create a business that will rank among the largest providers of business intelligence services in Asia. Add in our unrivaled expertise in the casino gaming sector, proven IPR capabilities and dedicated resources in China, and we have every confidence that we are going to see extremely healthy growth in revenues and new business,” said Mr William O’Reilly, Chairman of Spectrum OSO Asia.
Mr O’Reilly added: “Our turnover this year is on course to break US$ 7 million and we’re targeting US$ 10 million in the next two to three years.”
“CDSRMA has been in business for more than fifteen years, during which time we have helped more than 120 multinationals protect and manage their Intellectual Property Rights and mitigate risk throughout Asia. In the course of our work in China we have also fostered excellent relations with the relevant authorities. The deal with Spectrum OSO Asia makes compelling sense and we look forward to the exciting times ahead,” said Mr Lee Bumgarner, Managing Director of CDSRMA.
Spectrum OSO Asia retains its existing strategic links with Spectrum Gaming Group, a full service international gaming consultancy headquartered in Atlantic City, and The OSO Group Ltd, a prominent international investigation, risk management and security consulting firm headquartered in San Francisco.
Mr Lee Bumgarner and Mr James Margetts of CDSRMA will join the board of Spectrum OSO Asia.