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Reply #205: CyberNet acquisitions--Nov 9 [View All]

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Liberty Belle Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Nov-26-04 01:45 AM
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205. CyberNet acquisitions--Nov 9
Asia Intelligence Wire reported on Nov. 9th that Michigan-based informatoin tehcnology firm, the CyberNET Group, has taken over operations of the former AyalaPort Makati Inc after buying a 60% stake from Ayala Corp, units Azalea Technology Investments Inc, and ALINET.

After CyberNET acquired a controlling stake, AyalaPort was renamed CNG Phillippines Global Data Hub, Inc. Ayala Group retains a 30% stake, with 10% owned by "other partners." Reynaldo P. Huergas is the CEO of CNG Global.

The company will provide business process outsourcing and IT oursourcing, specifically, managed services, assessment, professional and software services. CNG plans to make the Phillippines the base of its Asian operations.

I don't know if this is relevant, but someone should check out these companies and Mr. Huergas.
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