Jolimont short-term computer rental group Hire Intelligence International Ltd has formed a joint venture project with Indian website designer Magnon Solutions, the company has announced.
Jolimont short-term computer rental group Hire Intelligence International Ltd has formed a joint venture project with Indian website designer Magnon Solutions, the company has announced.
The full text of a company announcement is pasted below
The Board of Directors of leading short term computer rental group, Hire Intelligence International Limited (ASX:HII), is delighted to announce its joint venture with Magnon Solutions, one of India's leading website design, development and internet marketing companies.
In terms of the agreement reached an Indian based company shall be formed as a vehicle for profit sharing with HII owning 51.0% and Magnon 49.0% of the new entity. HII will market Magnon's services while Magnon will undertake:
- Design, construction and operation of client websites
- Ensure search engine optimisation
- Develop online marketing campaigns for clients
- Provide website hosting
Both HII and Magnon will provide their services at cost with the profit being made by the new entity. HII shall have exclusive marketing rights for Australia, New Zealand, Europe, Africa and South America with exclusive marketing rights in the UK restricted to an extensive list of companies reserved by HII.
India is renowned for the skills of their IT professionals who charge a fraction of what competitors in Europe or Australia are likely to charge. It is for this reason that Hire Intelligence is particularly pleased that they have partnered with one of India's leading website development and optimisation companies.
Hire Intelligence has outlets across Australia, New Zealand, the United Kingdom and Ireland and will be able to provide face to face liaison with customers and act as an interface between them and the service provider in India. This is expected to result in a substantial cost saving to our customers while at the same time providing them with leading edge international standards of web services.
Hire Intelligence expects to be able to appoint Franchisees across Europe to market the joint venture's services and has already undertaken detailed franchising legislation research in key European countries as well as having determined franchise territories. The business is not capital intensive so finding suitable Franchisees should prove relatively easy. Hire Intelligence's new London offices have space to provide group training for newly appointed Franchisees as do a number of the Australian offices.
