e-business

Logica Holdings Group, a Toronto-based group of companies whose primary focus is in the e-commerce and information technology sector, announced that it has sold its subsidiaries in Australia. The subsidiaries are unrelated to the company’s core business and include: Global Business Australia Pty. Ltd., Travel Easy Holidays Pty. Ltd. and Maximum Awards Pty. Ltd. The value of the deal is US$1.24 million.

Quebec’s Mediagrif Interactive Technologies Inc. announced it has acquired a 50% interest in Mumbai-based Centerac DMCC, a technology provider and e-business network operator, for US$1 million. The acquisition is to support Mediagrif’s expansion in the Middle East, India and Asia. Centerac DMCC owns a B2B network in the global textile industry and operates www.yarnsandfibers.com. Mediagrif Interactive Technologies is an operator of e-business networks and provider of complete e-business solutions.

Open ECTechnologies, Inc., a North Vancouver-based provider of e-business solutions, announced that it has signed a letter of intent to acquire all the shares of A&D Science and Technology Ltd. (ADTech), a software company based in China. OpenEC plans to combine its software technology, expertise and resources in e-business solutions with ADTech’s contacts and development resources. The purchase price is estimated at C$3,026,175.

Quebec-based Mediagrif Interactive Technologies Inc., a developer of e-business networks and provider of complete e-business solutions, announced the opening of an office in Shenzhen, China. The announcement was made by Mediagrif during Mission Quebec-Chine 2005. Through its e-business networks, Mediagrif currently serves over 1,700 Asian-based customers, including more than 1,000 Chinese customers, which represent 12% of its FY2005 total revenues.

Metamedia Capital Corp., a Calgary-based company involved in data-mining and processing, print and electronic publishing, direct marketing, e-commerce and e-media, announced the commencement of operations in Australia through its new subsidiary, Metamedia Corp. Australasia Pty. Ltd., based in Melbourne. The Calgary parent owns 99% of Metamedia Australasia and its local partner owns the remaining 1%. Metamedia Australasia is commencing commercial operations with Melbourne as the base for the entire Southeastern Asia and Australia region.

CIBT School of Business and Technology Corp. of China (CIBT), a subsidiary of Vancouver-based Capital Alliance Group Inc., announced the signing of a Memorandum of Understanding (MoU) with China Electronic Commerce Association (CECA) and CECA North America (CECA-NA) to form a strategic partnership to deliver electronic commerce training and e-commerce standardization programs to CECA’s members and its other company members. CIBT will be responsible for preparing and administering the offered programs and CECA will assume the costs and responsibilities of student recruitment and marketing.

Vancouver-based Bit and Bits Technologies Inc. signed an agreement with Jiangsu Animal Husbandry and Veterinary College to develop an exchange program. Bit and Bits Technologies is an e-commerce, business and tourism consulting firm.

Diversinet Corp., a Toronto-based security software developer, has put aside C$15 million for research and development to facilitate its expansion into Southeast Asia. Currently, the corporation has operations in Hong Kong and China. Diversinet plans to deliver security software for mobile and e-commerce to the Philippines, Malaysia, Thailand and Indonesia and will begin initial exploration into these markets early in 2003.

Diversinet Corporation, a Toronto-based developer of wireless security software for mobile e-commerce, and AsiaPay (HK) Limited have launched Secure mPay, a secure mobile payment system. With Secure mPay consumers can securely purchase goods and pay bills wirelessly from their Personal Digital Assistant (PDA) handheld device. For the advanced security features, AsiaPay licensed and integrated Diversinet’s Passport security toolkit into the Secure mPay solution.

Richmond Hill, Ontario-based D2C2, a consultancy focused on electronic commerce strategy and implementation, and China’s Leo Systems Inc. have signed a deal to provide e-business services in Greater China. The two companies will promote Intershop Communications, a product offering complete e-commerce solutions, including sales, automated marketing, and procurement. Under the arrangement, Leo Systems will be the master distributor for Intershop.