QMI - SAI Global Merger Question

B

Bob the QE

SAI Global paid 40 million Can$, that seems overprized, considering the revenue of QMI during the last years.
You sight some interesting findings that has peaked my curiosity. Where would you suggest someone look for the rankings in revenue for registrars? I have tried googling, asking and searching with no luck. This is probably more of an indictment of my surfing skills than it is that the information isn’t available.
But I am still interested none the less.
 
J

JOHANNPETER

It´s quiet difficult to of a larger get the revenue of a CB because most of them are part o flarger groups and they do not show the revenue or management systems separately. I got the revenue numbers about QMI from the SAI merger announcement. The numbers from SAI you can get on their homepage. As they are a listed company they have to publish everything. The DQS numbers I found on their annual report available on the dqs homepage.
 
J

JOHANNPETER

I refer to information available for the public. There´s only a short announcement available on the qmi homepage.
 
J

jcbodie

I do not care if the registar from my country or not. I care about the quality of the service and of the auditor team.

As anyone should, with any registrar offering.

The QMI/SAI merger is still not clear for me. There is a lack of information and it seems like the future is still incertain.

Not sure what is unclear to you nor why you feel there is a lack of information. If you are a QMI/SAI Global customer, you have been given several avenues to pursue, to get information... the website, your auditor, QMI/SAI Global emails sent out to all existing clients, press announcements, etc.

SAI Global paid 40 million Can$, that seems overprized, considering the revenue of QMI during the last years.

Why is this of personal concern to you what they paid for it?? Were you sent the bill??? I'm also not sure why or how you would be privy to the revenue information, to be making such a general statement. Are you the competition????:biglaugh:

According to rumours, employees and auditors are not sure what will happen and customers fear to loose their certificates.The communication about the deal was very poor, quiet different from the news about the mot recent deal between German DQS and UL.

Aha...now I know who you're working for. I'm not sure what communications you've rec'd from DQS and UL, but I work for QMI/SAI Global and I have firsthand experience with how all of this was communicated internally AND to our clients. So far, the feedback has been...job well done (as others have noted here). Why hide behind the anonymity of this website and tell us what rumours you've specfically heard, who's specifically spreading them and what employees you're talking about and who is fearful of losing their certificate?? I know of no one who is bolting..If all you have to offer is innuendos, you're really misuseing this forum. Please do us all a favor and keep your comments as factual and helpful for Covers, as possible. :thanks:
 

Randy

Super Moderator
Hey jc don't take it personal.

There's an old story about cesspools and making waves and we probably have that here. Either that or it's a spilt milk thing.
 
J

JOHANNPETER

Hello JC,

I can not understand why you are so upset. I´m happy to hear that communication for customers and employees was final. By the way: the rumours about the sale of QMI started here in the forum in february:

Thread: Large Noth American Register up for Sale

Special Delivery for QMI: Irises or Tulips?
Randall W. Luecke, president of CSA International had reportedly just finished recognizing longtime US employees at a recent holiday party when he used the occasion to address the uncertain future of North America’s largest ISO 9001 certification body, according to attendees.

“Here we are all dressed up,” recalls an employee who attended the party on the condition that they remain anonymous. “It was right after they gave out the longevity awards for 25 years and then with QMI, ‘we don’t know what the future is.’”

Luecke went on to compare the uncertainty surrounding the future of Quality Management Institute, or QMI, to service in Iraq, according to the attendee. “He compared it to ‘it’s not as bad as if you’re serving in Iraq. They don’t know whether their head is going to hit the pillow.’”
According to QSU , QMI is the CB with the most ISO 9001 certificates in North America.


I heard through the grapevine that QMI was sold.
To whom, I do not know.If the sale/merger gets confirmed, I am sure many questions will arise, such as, for example: Why would one of the largest north american CB's be sold? Weren't they profitable? If not, why? If they were profitable, why divest it?
Questions abound.:confused:


I had the same questions and try to get more information. Unfortunately, I got only the information available at QMI webpage which really is not very extensive compared to the importance of such a big deal.

What I really do not understand is the fact, that some CBs buy others for really high amounts of money and on the same time the medium price for registration services is decreasing.:magic:
 

SteelMaiden

Super Moderator
Trusted Information Resource
I do not care if the registar from my country or not. I care about the quality of the service and of the auditor team. The QMI/SAI merger is still not clear for me. There is a lack of information and it seems like the future is still incertain. SAI Global paid 40 million Can$, that seems overprized, considering the revenue of QMI during the last years. According to rumours, employees and auditors are not sure what will happen and customers fear to loose their certificates.The communication about the deal was very poor, quiet different from the news about the mot recent deal between German DQS and UL.

See letter below.

Has anyone else been through this type of thing? What should I expect out of the ordinary?

What have other experienced?

Interested QMI customer,

John



Dear Valued QMI Customer:

SAI Global has purchased QMI, effective February 29, 2008. QMI is very excited about this merger, as it brings many new opportunities for our customers. Our goal is to integrate the businesses as seamlessly as possible, and to keep you informed throughout the process. The following are some questions we anticipate might be top-of-mind.




Is my registration still valid? Yes. SAI Global is a globally accredited registrar, and all QMI registrations will remain valid under SAI Global Certification Services’ accreditation. Within North and South America, we will be known as QMI-SAI Global.

Will my certificate be replaced? Over time, yes. Your QMI certificate is still valid, and QMI will ensure that you receive a new certificate at the appropriate time. Rest assured you can still show this QMI certificate to your customers and know that you are providing them with accredited proof of your registration. If you are having trouble proving your registration, please contact QMI at the email address below so we can assist you.

Will I receive a new auditor and/or account management team? No. Audit teams, scheduling and client services staff will remain the same. Changes in staff naturally happen over time, but none are anticipated due to this merger.

Can I still use the QMI registration mark? Yes. We are thankful if you have chosen to use this, and we will work with you within a reasonable timetable to transition to a new mark when the time is right for your organization. You do not need to immediately remove QMI registration marks.


Is there a question we didn’t answer for you? Please send any questions you have to [email protected]. Inquiries and answers will be posted on our FAQ page at www.qmi.com/SAIGlobal. Please continue to check this web page over the next few weeks for updates to questions that QMI customers just like you may have.

Our goal is that the transition will be seamless to you: Business As Usual. The same QMI employees will continue to audit, manage and schedule your organization, and your certificate will still remain valid. Through this process, QMI-SAI Global will be able to provide additional benefits to all of our customers, which we will begin to outline in the next edition of the QMI Brief. If you do not receive this electronic newsletter, please visit our web site at www.qmi.com/briefsubscription to ensure you are signed up.

This merger represents numerous opportunities for QMI customers, and we look forward to sharing these with you in the QMI Brief.

Yours sincerely,



Wendy Tilford
President, QMI
[email protected]


What is not clear? If you were/are a customer, you got the notice and it looks like they gave a contact avenue for questions. If you are not customer, why does it matter to you? Do you have suppliers that are registered through them and want to know if their cert is still valid?

As in any business venture, there is only going to be so much information available. We've bought out a bunch of places, we have to make a certain amount of information available to the public, but there is always some stuff behind the scenes that the general public isn't aware of, nor can the "insiders" share.

Can you explain just what it is that you think you should be made privy to that you have not?
 
J

jcbodie

Hello JC,

I can not understand why you are so upset. I´m happy to hear that communication for customers and employees was final. By the way: the rumours about the sale of QMI started here in the forum in february:

Thread: Large Noth American Register up for Sale

Special Delivery for QMI: Irises or Tulips?
Randall W. Luecke, president of CSA International had reportedly just finished recognizing longtime US employees at a recent holiday party when he used the occasion to address the uncertain future of North America’s largest ISO 9001 certification body, according to attendees.

“Here we are all dressed up,” recalls an employee who attended the party on the condition that they remain anonymous. “It was right after they gave out the longevity awards for 25 years and then with QMI, ‘we don’t know what the future is.’”

Luecke went on to compare the uncertainty surrounding the future of Quality Management Institute, or QMI, to service in Iraq, according to the attendee. “He compared it to ‘it’s not as bad as if you’re serving in Iraq. They don’t know whether their head is going to hit the pillow.’”
According to QSU , QMI is the CB with the most ISO 9001 certificates in North America.


I heard through the grapevine that QMI was sold.
To whom, I do not know.If the sale/merger gets confirmed, I am sure many questions will arise, such as, for example: Why would one of the largest north american CB's be sold? Weren't they profitable? If not, why? If they were profitable, why divest it?
Questions abound.:confused:


I had the same questions and try to get more information. Unfortunately, I got only the information available at QMI webpage which really is not very extensive compared to the importance of such a big deal.

What I really do not understand is the fact, that some CBs buy others for really high amounts of money and on the same time the medium price for registration services is decreasing.:magic:

Hello JohannPeter:

This is what my comments referred to: Your comment "According to rumours, employees and auditors are not sure what will happen and customers fear to loose their certificates.". Who exactly are you talking about, Sir??? I am an employee/auditor at QMI; I know the other auditors/employees and no one is crying chaos and anarchy. The rats are not leaving the ship, because it's not sinking. With all due respect, you sound like an alarmist (or the competition, stirring the pot). No one is in a state of fear or panic. This is why I made the statement about anonymity. (By the way, I knew about the "rumors" well before February, because QMI kept all of us (and I'm sure that includes the quoted attendee above) effectively informed, throughout the process, prior to any official announcements).

Please, do yourself and the rest of us a favor and get off the caffeine. The biggest problem I am having with your comments, is that you are not backing up the above statement with any concrete examples. I know of none of my customers who are in fear of losing their certs. One person purportedly making a "crack" is hardly noteworthy; who amongst us hasn't made a cutting remark (or two) about the places we've worked or maybe the guy was just grinding a personal ax ??? Relative to the "Iraq" remarks (if these were indeed legit), sometimes a persons' sense of humor doesn't translate well to an email. And, the operative statement is "...according to the attendee...". I was part of the announcement webcast conference call with both principals of CSA and QMI, and neither one of them talked like that about the deal. Pls. read Steel Maiden's comments, again. :applause:

Here's something for you to ponder: There is nothing bizarre about consolidation in a mature market. And yes, QMI has the most registrations in NA. Sometimes, parent companies decide that a division no longer fits within their portfolio (or is no longer "core" to their business plan). Sometimes, divisions outgrow their parent companies and in order to continue positive growth, must seek like-minded/like-cultured organizations to continue positive growth and to compliment each others strengths and weaknesses, i.e. one company may have less of a market presence in an area they wish to grow into and find an already established company who has outstanding brand identification; one company may have product offerings/services that the other does not, resulting in potential "value-added" opportunities to the other companys' existing customer and employee-base.

I hope this explanation helps clarify things. Cheers :D
 

Randy

Super Moderator
Hey jc............

All we have is another case of "chicken little" by somone who apparently has limited understanding of the industry. To paraphase the Godfather "it's just business, not personal".

I'm a firm believer that if someone doesn't like the way things are done they should start their own company and show eveyone how it is really supposed to be done.;)
 
B

Boingo-boingo

It is only business, after all....

An interesting twist, as SAI Global announced in it's website that the holding company of Intertek has a significant number of SAI's shares.

More @ https://www.sai-global.com/AboutSaiGlobal/NewsRelease/ASXAnnouncements/2008-07-28.htm

INTEREST IN SAI GLOBAL SHARES - INTERTEK OVERSEAS HOLDINGS
Sydney, Australia: 28 July 2008 - SAI Global Limited (ASX: SAI) conducts regular analyses of the underlying beneficial ownership of its shares.
In the process of undertaking such an analysis, and as apparent from SAI’s share register as at 30 June 2008, it has been confirmed to SAI that Intertek Overseas Holdings (“Intertek”) held an interest of 2,112,744 shares in SAI Global Limited, as at that date.
Intertek is part of Intertek Group plc, a London Stock Exchange listed group involved in the provision of testing, inspection and certification of products, commodities and systems.
SAI is currently not aware of Intertek’s intentions in relation to its stake.
 
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