Intelligroup is to change its name to Soltius New Zealand, following a management buyout.
The new company chose the name to leverage off the relationship with its former 60% owner, Soltius Global Solutions, which acquired its shareholding in the company three years ago.
Country manager Jim Brodie says Intelligroup’s focus is 100% on New Zealand and there had been some differences of opinion with the parent company over such matters as funding.
Soltius Global Solutions, which is based in Singapore, is part of the SDI Technologies group of companies, also based in south-east Asia. The company has operations in the US and Europe. Both SGS and SDI are ultimately owned by DEG, a German investment company.
Intelligroup New Zealand was part of a broader group, with companies in Hong Kong, Singapore and Australia. The company was established ten years ago by former employees of Azimuth Consulting, which had been bought by US interests.
Its main focus is on SAP solutions and services, which generate around 70% of its $14 million annual income. The remainder of its work is in consulting, and its continuing association with the Soltius Group will enable it to access places like India for outsourced services.
“We’re the largest supplier in New Zealand of SAP services to the corporate market,” Brodie says. “We’ve also become an SAP reseller, packaging licensed services and support, and we have some bespoke development in .NET, and general integration services.” The company employs 60 people, divided equally between Wellington and Auckland.
“Our five-year plan sees us growing significantly in the ERP market,” Brodie says.