Beneficium Acquires @Work International

Timeshare group, Beneficium (Int) Pty Ltd, has finalised an agreement to purchase the shares of software developer @Work International Pty Ltd, effective 19 December 2014. End Quote

(1888PressRelease) December 09, 2014 - Providing software and IT services, predominantly to the timeshare industry, ( @ ) Work brings over 25 years' experience to the Beneficium Group dot Their Viewpoint Resort Management Software is the leading reservations and property management software used in resorts throughout Australia and New Zealand dot

Peter Vanderhorst, Founder and Managing Director of ( @ ) Work, will continue as Managing Director, and the company will continue to operate out of its offices in Melbourne dot

The acquisition by Beneficium adds to the group's global portfolio of business units that offer complementary services. Along with Classic Holidays and DAE (Dial An Exchange), ( @ ) Work's innovative software platforms will be positioned to grow market share globally.

"This is an exciting acquisition for the Beneficium Group as it provides the opportunity to expand an industry-leading Australian product to the world market," said Beneficium Chairman, Ramy Filo. " ( @ ) Work was the first to develop a live online booking system for timeshare resorts with an exchange platform interface. DAE's exchange software, EMS, was developed by @Work, and is the platform for its award winning worldwide exchange system.

"Through the use of webservice technology, EMS also powers some of the world's leading timeshare and vacation industry companies under white label arrangements with DAE. "They are a welcome addition to our group of companies, and we look forward to building on the success of this Australian company as an integral part of our service offering."

More information about ( @ ) Work International Pty Ltd can be found at www.atwi.com.au.

Beneficium (Int) Pty Ltd is Australasia's leading service provider in hospitality, leisure and vacation ownership. As a group of complementary businesses they deliver the most advanced, responsive and customer-focused service at the forefront of the evolving timeshare industry. Including multi-award winning companies Classic Holidays and DAE, Beneficium companies operate individually, yet are connected by a philosophy of 'people first'. Built on over 35 years of industry experience, the group's companies are market leaders in their own rights, setting the benchmark for service, growth and productivity in their respective industry sectors. For more information, visit www.beneficium.com.au.

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