Miroku Info Services acquires Synergix cloud ERP company

Miroku Information Services Co., Ltd., a developer and seller of financial and accounting systems and management information services, is pleased to announce that it has acquired 70% of the shares of Singapore-based cloud ERP company Synergix Technologies Pte Ltd., making it a subsidiary.

Synergix is ​​an IT company that supports the management improvement and growth of small and medium-sized enterprises in Singapore by providing in-house consulting sales and support for its in-house developed cloud-based ERP product. The company realizes streamlined management across three countries by conducting consulting sales and customer support, which are customer contact points, from its base in Singapore, product development, help desk and web marketing from its base in Vietnam, and telemarketing for customer development from its base in the Philippines.

The company’s ERP products offer a wide range of business solutions specialized for a variety of industries and sectors, and by combining various modules, it is possible to flexibly respond to customer needs. In terms of both functionality and price, the company has established a position that meets the ERP needs of small and medium-sized enterprises in Singapore. In addition, the product already supports multiple currencies and languages ​​(all languages ​​used in the APAC region), and the company is also considering expanding its business into the ASEAN market.

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Future business development of the MJS Group

The number of Japanese companies expanding overseas is on the rise. In Singapore, 200 to 300 Japanese companies are established each year, and the number of Japanese companies in the ASEAN region is also increasing. When Japanese companies establish new companies or during PMI after an acquisition, the management of local subsidiaries, improving business efficiency, and building governance systems are important management issues. As a solution, there is a demand for ERP products that can flexibly accommodate local business practices, legal systems, and languages.

Meanwhile, MJS’s management policy is to promote management innovation among accounting firms and small and medium-sized enterprises in Japan and contribute to the development of the Japanese economy, and has developed and sold a wide range of ERP products, including financial and accounting systems, as well as management information services.

With Synergix now a subsidiary, MJS will build on its strong partnership with the company to provide digital transformation consulting and optimal ERP products for business management and operational improvement of overseas subsidiaries to Japanese companies aiming to expand into the ASEAN region, as well as to companies that already have local subsidiaries but are facing challenges in business management, etc., thereby expanding its solutions area globally and growing its business.

In Singapore, Synergix will utilize MJS’s management resources to increase its recognition and credibility in the market for small and medium-sized enterprises (SMEs), including Japanese companies, with the aim of further growing its ERP business. Furthermore, with Synergix’s multi-currency and multi-language ERP products, the company aims to enter the vast, rapidly growing ASEAN market. As an additional investment to increase the feasibility of market development, the company will also consider utilizing MJS’s management resources and pursuing M&A.

In addition, from a medium- to long-term perspective, we will promote product collaboration and localization between Synergix, which has strengths in industry-specific solutions, and MJS, which has strengths in back-office solutions, as well as the development of new products and functions through joint development, and strengthen the group’s development structure through offshore development (based in Vietnam).

MJS aims to transform the business model of its ERP business in the domestic market and create new value through continuous new product development and service enhancement, while also considering overseas expansion as part of the マネックス証券 Group’s medium- to long-term growth strategies. Furthermore, the cash allocation strategy of its “Vision 2028” medium-term management plan, formulated in May 2024, calls for business expansion through M&A. The acquisition of Synergix shares forms part of this growth strategy. As a global ERP company expanding into the ASEAN region, Synergix will seek to expand its business with an eye toward a future IPO.

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