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Aussie company finalises million dollar NZ investment

By Phil Boeyen, ShareChat Business News Editor

Wednesday 12th July 2000

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Listed Aussie company DCS Technologies has finalised its purchase of 50% of kiwi software company MarketSmart.

DCS says its million-dollar investment secures the global intellectual property for leading edge customer relationship (CRM) and loyalty management software.

MarketSmart has developed the software over the past decade, and it recently finalised an agreement which allows it to run private label cards on existing eftpos machines.

DCS says there is unprecedented growth in demand for customer relationship management by businesses worldwide, and MarketSmart has received a number of inquiries from overseas.

This includes one with a Caribbean-based company, which has already reached a Heads of Agreement stage.

DCS says the company operates in dual currency, including US dollars, and it is hoped the relationship will expose MarketSmart software to the North American market.

Meanwhile Telecom New Zealand has announced it has settled the acquisition of a 10% share holding in IT company EDS New Zealand.

Telecom announced last year it was outsourcing its IT requirement to EDS.

The agreement includes options for Telecom to acquire further shares in the company up to a holding of 49%.

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