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DGB Asia to expand into cloud-based business with Rofarez
by Cals Tue 14 Apr 2015, 19:02
DGB Asia to expand into cloud-based business with Rofarez
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By Yimie Yong / The Edge Financial Daily | April 14, 2015 : 10:11 AM MYT
KUALA LUMPUR: Automated identification and data capture solutions provider [size=14]DGB Asia Bhd will enter into a joint venture (JV) with Rofarez Solutions Sdn Bhd (RSSB), a Ministry of Finance (MoF) linked company, to expand into the cloud-based business.
In a statement, DGB (fundamental: 1.65; valuation: 0.3) said the JV entails the distribution, implementation and service of cloud-based business solution products that provide integration on the software environment for businesses with proprietary development engines. DGB said the product will provide platforms to design and build solutions that are directly assimilated onto the cloud operating infrastructure.
DGB said RSSB will be responsible for product development, while DGB will undertake the JV company’s management and product distribution. The JV will also involve the development, distribution, implementation and service of the business solutions across Malaysia and Southeast Asia. The venture is expected to increase DGB’s earnings in the coming financial year.
The MoF is a substantial shareholder of RSSB.
This article first appeared in The Edge Financial Daily, on April 14, 2015.
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By Yimie Yong / The Edge Financial Daily | April 14, 2015 : 10:11 AM MYT
KUALA LUMPUR: Automated identification and data capture solutions provider [size=14]DGB Asia Bhd will enter into a joint venture (JV) with Rofarez Solutions Sdn Bhd (RSSB), a Ministry of Finance (MoF) linked company, to expand into the cloud-based business.
In a statement, DGB (fundamental: 1.65; valuation: 0.3) said the JV entails the distribution, implementation and service of cloud-based business solution products that provide integration on the software environment for businesses with proprietary development engines. DGB said the product will provide platforms to design and build solutions that are directly assimilated onto the cloud operating infrastructure.
DGB said RSSB will be responsible for product development, while DGB will undertake the JV company’s management and product distribution. The JV will also involve the development, distribution, implementation and service of the business solutions across Malaysia and Southeast Asia. The venture is expected to increase DGB’s earnings in the coming financial year.
The MoF is a substantial shareholder of RSSB.
This article first appeared in The Edge Financial Daily, on April 14, 2015.
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