MAS Holdings invests in fashion IT

Sri Lanka's MAS Holdings is investing 20 million US dollars in attune Consulting, an information technology firm that caters to the apparel and fashion industry, said.

Attune said it was looking to aggressively expand its technology offering to fashion and lifestyle value chain, up to the retail. "Our exclusive focus on the fashion and lifestyle industries, coupled with our global organization of full-time, highly experienced consultants, has enabled attune to build a reputation that is second to none," said Vajira De Silva, CEO of attune.

"With this investment from MAS, we can now accelerate the development of additional services to help our clients address all of their technology challenges, across the entire value chain."

The firm was founded in 2006 to implement and customize enterprises resource planning software from SAP for the apparel and footwear sectors. Its activities now spanned 16 countries, allowing firms to cut costs, resources and time, the firm said.

As part of this investment, attune will merge with Sabre Technologies, an MAS backed firm set up in 2001.

(LBO)