Companies news of 2018-02-01 (page 1)

Quess Corp Reinforces its Services Platform Through Two Major Acquisitions to Buy Monster's Business Across India, SE Asia & the Middle East and the Care Business of HCL Services

BENGALURU, India, February 1, 2018 /PRNewswire/ --

Quess Corp, India's leading integrated business services provider announced today that it has signed definitive agreements to buy:

  • Monster India and its business in South East Asia and the Middle East ("Monster") from Monster Worldwide Inc.
  • The Care Business of HCL Services ("Care Business") from HCL Infosystems

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The transactions are expected to close in the next few weeks, subject to the fulfillment of customary closing conditions and required statutory approvals.

Monster, a leading online career and recruitment resource with its cutting-edge technology, provides relevant profiles to employers and relevant jobs to jobseekers across industry verticals, experience levels and geographies. Monster, a 20+ year-old marquee internet brand, provides the widest and most sophisticated job seeking, career management, recruitment and talent management capabilities globally. The acquired business has operations across India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, UAE and Kingdom of Saudi Arabia. With ~65 million registered users, over 80 million resumes and with ~800,000 monthly new registrations, the company is amongst the market leaders in the online recruitment space across each of its operating geographies.

The Care Business of HCL Services is one of the leading after-sales services providers for product categories such as mobile phones, consumer electronics & consumer durables in the customer lifecycle management space. It has an extensive service network across the country and provides end-to-end support services with more than 80 walk-in-centers and 200+ authorized service providers. It has strong relationships with leading smart phone makers and consumer durable companies with over 2 million repairs annually.

Mr. Ajit Isaac, Chairman and Managing Director of Quess Corp, said, "We are excited to announce two major acquisitions: Monster's businesses across India, SE Asia & the Middle East, and the Care Business of HCL Services. The acquisition of Monster is aligned with our 'Digital First strategy for Business' and is a strategic investment in that direction whereas the acquisition of Care Business marks our entry into the high growth break-fix market for smart phones, consumer electronics and consumer durables with Pan India presence. While the Monster acquisition complements Quess's market leading presence in the HR services space by establishing end-to-end offerings across the Employee Lifecycle Management space, the acquisition of Care Business will augment our services capability in the Customer Lifecycle Management space. Both the investments are typical of our philosophy of backing strong management teams and finding them a permanent home in Quess while creating long term value for our shareholders and clients."

Mr. Robert Gibney, Chief Financial Officer, Monster Worldwide, said, "We feel fortunate to have found a partner in Quess who will provide the APAC region with the strategic imperative towards driving favorable outcomes for seekers and employers with the Monster brand. We wish our colleague Sanjay and the team the best in growing the business while we focus our efforts on North America and Europe."

Mr. Sanjay Modi, Managing Director, (APAC & Gulf), said, "This is truly a significant milestone for us. It gives Monster (in APAC & Gulf) the opportunity to connect more people to more jobs. As we progress into the New Year, we are even more enthused and energized to provide greater value to individual job seekers and employers through the use of our best technologies and platforms. Quess' market leading presence will help enhance our capability to build and implement new and innovative technology platforms to gain edge over competition and hence become a market leader in each of our operating geographies."

Mr. Premkumar Seshadri, Executive Vice-Chairman and Managing Director, HCL Infosystems, said, "We are pleased to announce that we have signed definitive agreements with Quess Corp for the sale of the Care Business of HCL Services. Over the last two decades, HCL has built a robust business addressing the mobile phone repair services marketplace. We have grown the Care Business to become the partner of choice for leading brands and believe that the rapid growth in the market requires significant focus and reach, which Quess brings to the table. We are confident that the business will reach greater heights with Quess."

About Quess Corp 

For further details on Quess Corp Ltd., please visit:

About Monster APAC & Gulf 

To learn more about Monster in APAC & Gulf, visit: | | | | |

About Care Business (A division of HCL Services Ltd.) 

For further details please visit:

For more information, please contact:
Investor/Analyst contact:
Sangram Keshari Mallick
Investor Relations

Media Contact:
Vinay Rao
Head - Marketing & Communications

MSC Technologies and H&D Wireless Sign a Stocking and Fulfilment Contract for IoT Connectivity Modules

STOCKHOLM, February 1, 2018 /PRNewswire/ --

MSC Technologies, the technology brand of Avnet Integrated Solutions, and H&D Wireless AB (Nasdaq First North: HDW B), have signed a three-year stocking and fulfillment contract for H&D Wireless' modules HDG 200 and HDG 205 targeting smart home, Industry 4.0 and enterprise applications in the European market. The agreement is effective immediately and has a value of 3,4 MSEK including a previously announced business of 0,7 MSEK.

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MSC Technologies will offer the wireless product portfolio of H&D Wireless to the European market focusing on IoT for smart home and enterprise (Industry 4.0) also including wireless multimedia applications such as streaming video and audio. The wireless modules are competitive in power consumption, size, and cost, and they support both Wi-Fi and Bluetooth for embedded IoT applications. Wireless modules market is estimated to grow to 27 billion units by 2022 according to ABI research whereof 15 billion units target short-range IoT applications according to Ericsson Mobility report and has a 20% COGR.

This information is information that H&D Wireless AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:30 CET on1st of February 2018.  

About H&D Wireless: 

H&D Wireless is a Swedish Internet of Things cloud and platform system provider. Its Griffin IoT cloud platform is an end-to-end system solution containing world-class wireless modules, cloud services with analytics and artificial intelligence and smartphone applications for smart homes and enterprises. Since 2016, the company offers Griffin Enterprise Positioning Service (GEPS ?) as a cloud service for indoor positioning of physical things in business processes. H&D Wireless was founded in 2009 and is among Sweden's fastest growing and most decorated IoT companies, with more than 1,100,000 wireless products shipped to date for IoT, M2M solutions across the globe. H&D Wireless Sweden Holding AB (publ) is listed at Nasdaq First North as HDW. Certified Adviser is FNCA. Visit for more information

MSC Technologies

MSC Technologies, the technology brand of Avnet Integrated Solutions, specialises in intelligent embedded and display solutions for a range of different industrial applications. MSC Technologies, based in Stutensee, Germany, represents well-known manufacturers of TFT, touch and passive displays and offers customer-specific display solutions based on in-house technologies. In the embedded sector, MSC Technologies has many years of development and production expertise that ranges from COM Express, Qseven and SMARC 2.0 modules through to complete systems. It also provides wireless, storage and lighting solutions. With its consulting competence and full-service offering, MSC Technologies secures a competitive advantage for its customers with premium-quality solutions and long-term availability. MSC Technologies and Avnet Integrated Solutions serve customers in the entire EMEA region. Further information under

About Avnet 

From idea to design and from prototype to production, Avnet supports customers at each stage of a product's lifecycle. A comprehensive portfolio of design and supply chain services makes Avnet the go-to guide for innovators who set the pace for technological change. For nearly a century, Avnet has helped its customers and suppliers around the world realize the transformative possibilities of technology. Learn more about Avnet at

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