Telus Corporation acquires Emergis Inc.
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Right off the bat, I’ve got to make the concession that I don’t totally understand the Canadian market. So my interest in Canadian wireless telecommunications services often has me looking at concepts I don’t quite understand. One of them came up yesterday, when Telus, through a subsidiary, has acquired Emergis Inc, an IT company in Canada which specializes in health and financial services. I’m not quite sure how Telus, one of the top telecoms in Canada, plans to integrate Emegris.
Perhaps some executives from both companies can shed some light on the situation:
“We are very pleased with the strong acceptance of our offer,” said Joe Natale, President of TELUS Business Solutions, “and we welcome the Emergis team and its CEO Francois Cote to the TELUS team. We look forward to helping lead the transformation of healthcare in Canada by providing advanced electronic health record, claims processing and pharmacy solutions. In addition, Emergis’ strong suite of financial services solutions complements TELUS’ strength in the financial services sector.”
“This is a great opportunity for our employees and for the customers of both our organizations,” said Francois Cote, President and CEO of Emergis. “Combining our proven capabilities with TELUS’ customer base, strong brand, and financial resources positions us to lead the development of electronic solutions for the healthcare and financial services industries.”
So it appears that Telus is expanding its influence via its telecommunications empire. Interesting. You don’t commonly see companies in America acquiring other companies with the intention of entering their market. Rather, you normally see companies buy out competitors to expand their existing business. But in any case, it’s interesting to see.
Perhaps this expansion will help fund Telus’s rumored switch to GSM from CDMA. Or maybe I’m just trying to connect two unrelated stories.
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