SOURCE: Dragon Holding

November 07, 2005 12:08 ET

DRAGON HOLDING Completes Acquisition of Entire Kunami Software Assets

HONG KONG -- (MARKET WIRE) -- November 7, 2005 -- DRAGON HOLDING, an M&A holding company, announced that it has completed the previously announced acquisition of all rights and assets of Kunami for an undisclosed, probably due to the magnitude, amount.

Kunami is a total HR solutions provider offering an integrated Web-enabled HRMS suite. Kunami's Web-based solution suite allows HR users, employees and external service providers to communicate securely and electronically in real time. The integrated nature of the system allows for easy access to data and a higher level of accuracy for internal reporting, assessment and external data interface. Kunami already counts among its customers a few of the nation's Fortune 500 corporations operating in a diverse range of industries, including financial services, transportation, utilities, insurance, manufacturing, petroleum, retail, and pharmaceuticals.

With a loyal customer base Kunami has earned a strong reputation for meeting the stringent reliability and performance requirements of enterprise networks.

Kunami software will be used internally by Dragon Holding to manage all the flows in the process of Merge and Acquisitions of the Euro Asiatic giant holding market.

Dragon Holding owns and operates a portfolio of Enterprise software companies, Telecommunications companies, Real Estate properties and Media Groups. Dragon Holding's strategy is to acquire or merge private and public companies with a focus on profitability, customer retention, cash flow generation a continuous and stable growth. The company uses a combination of debt and equity for its acquisitions, as well leveraging the balance sheets of target companies, to minimize dilution to its shareholders. Having secured funding to support its growth plans, the company is pursuing additional acquisitions that will continue to secure a strong increase in cash flow and earnings per share.

The man behind the above-described mega-venture remains a bit of a mystery in the United States. Originally from Milan, Italy, Roberto Masiero is known in Europe and Asia; also, known for his understated presence, he is, slowly, but surely, making his way to North and South America.

Contact Information

  • Contact:
    Stacey Chin
    Dragon Holding
    ICBC Tower
    Citibank Plaza No. 3 Garden Road
    Hong Kong NA, Hong Kong 10012
    email: Email Contact

    email: Email Contact