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-------------------------------------------------------------- This story was printed from ZDNet Australia. --------------------------------------------------------------
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Powerlan secures million dollar HK deals July 05, 2001 URL: http://www.zdnet.com.au/news/soa/Powerlan-secures-million-dollar-HK-deals/0,139023165,120236799,00.htm
Australian financial software solutions company, Powerlan, has expanded its presence in the Asia Pacific region by securing two deals with Hong Kong-based companies, each worth around AU$1 million. Powerlan has signed contracts to provide its business software solutions with Hong Kong-based China Insurance Group Assets Management and Allen Perkins Brokers. Both deals are worth in the vicinity of AU$1 million. The companies have purchased software licences for Powerlan's Portfolio Management software product, which according to Powerlan's managing director Theo Baker, -eliminates the labour-intensive aspects of management and provides the tools for fulfilling mandatory compliance," including the Mandatory Provident Fund (MPF) in Hong Kong. Powerlan recently acquired Melbourne-based financial services software company IMX Software Group.
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