February 22, 2024

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Malaysian tech firms ink partnership

A recent report noted that four Malaysian technology companies have agreed to ink a business partnership agreement with a locally-owned a B2B services provider specialising in IT solutions. The agreement is aimed at marketing and distributing their services and technologies to new markets in Cambodia.

The companies are associated with the Global Acceleration and Innovation Network (Gain) and are run by the Malaysia Digital Economy Corporation (MDEC). All four firms have active operations in numerous foreign markets.

The signing ceremony coincides with two separate initiatives by the Malaysian and Cambodian governments said a press release.

Malaysia aims to expand its companies and boost their interest in foreign markets as Cambodia plans to improve its ICT ecosystem to keep up with its robust gross domestic product growth.

The company that specialises in technology solutions for insurance will build upon its already existing joint-venture partnership the tech group which began last July.

The group will act as resellers for NetAssist’s cybersecurity services, with a projected $500,000 per year valuation, it said.

According to the agreement, a leading Malaysian financial software firm will work with the tech group to access and market their solutions across the Mekong region, focusing on anti-money-laundering (AML) and anti-terrorism-financing (ATF) solutions which allow financial institutions to supersede AML and ATF regulations.

A Malaysian firm that specialises in multi-application card-based solutions will provide cost-effective, industry-leading Smart-ID solutions, and will serve more than 600 organisations across various industries in the ASEAN region.

The agreement will see the four companies work with a Cambodian IT firm on technology adoption in Cambodia’s education and commercial sectors.

The Vice President of MDEC Enterprise Development stated that the corporation is excited to see more Malaysian “tech champions” join global innovators and market leaders in exchanging technologies and ideas.

The Malaysian government is confident that its links with Cambodia’s digital sector will result in many creative solutions across various sectors, and it is hoped that more such developments take place in the near future.

These developments arrive strongly supported by Malaysia’s Ministry of Communications and Multimedia, with their robust support continuously being lent to MDEC’s initiatives to advance Malaysia’s digital sector and boost international recognition for its resourceful players.

Pushing the IR 4.0 agenda forward

Malaysia National Policy on Industry 4.0 states that the understanding of and access to advanced, cost-effective and interoperable Industry 4.0 technologies are at the core of unlocking the potential of Industry 4.0.

Currently, the majority of Malaysian manufacturing firms surveyed adopt less than 50% automation. The experiences from other countries demonstrate the importance of digital/technology labs and collaborative platforms, especially public-private partnerships (PPPs), in disseminating Industry 4.0 technologies and transferring knowledge.

The Government aims to work with global and local industry leads to set up digital and Industry 4.0 demonstration labs.

Moreover, standards compliance that fosters interoperability of systems, both nationally and internationally, is important to support seamless value chains, optimise resources and improve productivity.

Finally, developing and commercialising new technologies and processes that address specific needs in priority sectors will be crucial to retain Malaysia’s position as a preferred high-tech and manufacturing hub and supply chain partner.

In this way, working with Cambodia will enable Malaysia to grow its economy while simultaneously sharing its expertise and expanding its base.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

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CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

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Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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