Candle Australia Limited today announced its expansion into the information technology (IT) on demand services market with the acquisition of the Jav IT Group.
Established in 1980, the Jav IT Group provides vendor management, IT professional staffing, IT "resources on demand", media logistics, data centre management and infrastructure services.
It has also made major investments in the Data Configuration Facility, facilitating PC and server configuration, deployment and maintenance services. Jav IT is also known for its asset management, PC technical and on-site engineering support services.
The acquisition heralds the introduction of a new line of services for Candle Australia designed to leverage its existing infrastructure, assets and business knowledge of the IT services market.
Candle Australia managing director, Robert Collins, said the organization plans to preserve its core services in recruitment.
However, he said the acquisition of the Jav IT Group is a natural next step in its strategy of diversification and growth via acquisition.
"Since Candle Australia's inception over 23 years ago, we have been a provider in the IT services market. Over the last five years, tremendous growth opportunities have emerged in this sector, not only in Australia but also in Asia Pacific," Collins said.
"While our interests lie primarily in servicing lower risk areas of the market, there will be further opportunities for growth."
With turnover approaching $16 million, the Jav IT Group has offices in Melbourne, Sydney, Brisbane, Auckland, Wellington, Kuala Lumpur and Beijing.
It has a core of 22 permanent staff and regularly engages over 300 professional IT staff on fixed contracts to service major corporations in the region.
Jav IT Group founder and managing director, Joseph Vella, said with Candle's capital support and geographic footprint, the potential exists to be a major IT services player in the Asia Pacific region.
Vella will retain his position as managing director of Jav IT Group and will drive new business opportunities, innovation and growth.
ASX-listed Candle Australia Limited employs over 500 staff through a network of 40 offices across the region.