Business & Finance

MIS AG Expands into Australia

Business Wire - May 20th, 2001

MIS AG (MIX), a multinational provider of integrated business intelligence (BI) solutions, today announced its further expansion into the AsiaPacific region with the launch of MIS AG Australia.

MIS AG Australia is responsible for developing the market for its proprietary industry and platform independent software that improves and simplifies budgeting, reporting, modeling and analytical processes. MIS AG Australia has already signed several large Australian clients, including StateStreet, StorageTek and Boots Healthcare.

Commenting on today's launch, Peter Raue, Chief Executive of MIS AG, said, "The opening of MIS AG Australia further strengthens our stated strategy of expanding into attractive, fast growing markets that will positively contribute to our bottom line in the near term. While MIS, for some years, has had flourishing operations in South Korea as an initial foothold in the region, our Australian launch is further evidence of our commitment to this strategically important economic region. Our expansion in Australia, similar to our recent acquisitions in Italy and the UK, enables MIS to develop a meaningful market presence in a region with significant untapped demand for our customized BI solutions."

Martin Kratky, General Manager of MIS AG Australia, states, "Its scope and growth rates make Australia a very attractive marketplace. And since we were able to successfully establish a customer base here from our MIS offices in Korea, opening a company branch in Sydney has been an obvious step to best serve our existing as well as new clients."