DGB (0152) - DGB Asia to join Rofarez Solutions in cloud-based venture
Published: 13 April 2015 5:20 PM
Automated identification and data capture (AIDC) solutions provider DGB Asia Bhd (DGB) will enter into a joint venture (JV) with Rofarez Solutions Sdn Bhd, a Ministry of Finance-linked company, to expand into the cloud-based business.
In a statement today, DGB Asia 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.
“The product will provide platforms to design and build solutions that are directly assimilated onto the cloud operating infrastructure. The system is also goods and service tax (GST) friendly, as customers can incorporate the new GST requirement into their current system without hassle,” it said.
A memorandum of understanding (MOU) was signed by both parties on April 10, 2015, according to the statement.
DGB Asia said Rofarez will be responsible for the product development activities, while DGB Asia will undertake the JV company’s management and products distributions.
The JV will also involve the development, distribution, implementation and service of the flagship cloud-based business solutions across Malaysia and Southeast Asia.
The new business is expected to generate a substantial increase in revenue and profit for DGB Asia in the coming financial year, the statement further read.
It also noted the finance ministry is a substantial shareholder of Rofarez, while Shell Malaysia is among companies that use Rofarez’s solutions. – The Edge Markets, April 13, 2015.
Published: 13 April 2015 5:20 PM
Automated identification and data capture (AIDC) solutions provider DGB Asia Bhd (DGB) will enter into a joint venture (JV) with Rofarez Solutions Sdn Bhd, a Ministry of Finance-linked company, to expand into the cloud-based business.
In a statement today, DGB Asia 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.
“The product will provide platforms to design and build solutions that are directly assimilated onto the cloud operating infrastructure. The system is also goods and service tax (GST) friendly, as customers can incorporate the new GST requirement into their current system without hassle,” it said.
A memorandum of understanding (MOU) was signed by both parties on April 10, 2015, according to the statement.
DGB Asia said Rofarez will be responsible for the product development activities, while DGB Asia will undertake the JV company’s management and products distributions.
The JV will also involve the development, distribution, implementation and service of the flagship cloud-based business solutions across Malaysia and Southeast Asia.
The new business is expected to generate a substantial increase in revenue and profit for DGB Asia in the coming financial year, the statement further read.
It also noted the finance ministry is a substantial shareholder of Rofarez, while Shell Malaysia is among companies that use Rofarez’s solutions. – The Edge Markets, April 13, 2015.
