Editor - Part 19

Kuala Lumpur, Malaysia — May 10, 2016 — Fusionex, a multi-award winning, leading international software solutions provider specializing in Analytics, Big Data, and the Internet of Things (IoT), signed an agreement with VADS, Telekom Malaysia’s (TM) subsidiary company and one of Malaysia’s leading Integrated Managed ICT / Business Process Outsourcing (BPO) service providers, sealing the deal on their strategic partnership today. Respectively possessing an extensive and successful presence in the ICT sector, both companies are seeking to leverage on each other’s strengths. With the partnership in place, the two parties intend to grow their businesses in the areas of Big Data / Analytics and Smart Cities / IoT, championed together with VADS Lyfe, TM’s Smart City Services provider. Through this strategic collaboration, it will be a win-win situation for both parties , with Fusionex leveraging on VADS’s marketplace and VADS benefiting from Fusionex’s diverse resources and expertise for the purposes of increasing “speed to market” in the various areas including Mobility, Big Data / Analytics and e-commerce, amongst others. The Big Data and Analytics environment has in recent years been a key driver for many companies to improve their efficiency and productivity. With growing adoption of Analytics by businesses from numerous industries, the partnership between VADS and Fusionex is expected to develop and grow healthily. Through this exciting alliance, efforts to develop solutions in the areas of Smart Cities and IoT are expected to ramp up. IoT, a technology with immense potential, involves connecting physical objects to the Internet via deployment of a multitude of sensors. The huge amounts of information collected from these sensors, reaching astronomical petabyte figures, form the bulk of Big Data which is the core focus of the partnership. Local and federal governments are coming around to implementing IoT in the running of their constituencies, which offer a host of potential benefits, including tracking risks of natural disaster by geographical location, mapping the spread of infectious diseases, and increasing the efficiency of public transport routes. Other Smart City initiatives include remote patient monitoring, emergency service applications, and smart energy grids – all of which the partnership is able to fulfill. Ivan Teh, Fusionex Chief Executive Officer, commented: “VADS is a leading company in the integrated ICT services space. I am thrilled to embark on this exciting partnership. This partnership will enjoy the combined strengths of both parties as we leverage on the strengths of both parties. I look forward to working with the VADS team for many years to come.” Massimo Migliuolo, VADS Executive Director and Chief Executive Officer, commented, “In Malaysia, VADS, VADS Lyfe and Telekom Malaysia are striving towards building a future in which smart services play a major role in the country’s growth. We have all the right assets, but in order to make it happen, we need to create smart partnerships with leaders in the technology industry, leaders like Fusionex; and this is why we chose them as a partner for VADS and VADS Lyfe.” Source: http://finance.yahoo.com/news/vads-fusionex-team-form-formidable-230000985.html

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