Home News Archives for January 2022

Month: January 2022

Censof Appoints Vicks Kanagasingam as CEO of Censof Digital

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Kuala Lumpur, 25 January 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions is pleased to announce the appointment of Vicks Kanagasingam as Chief Executive Officer (“CEO”) of Censof Digital Sdn Bhd (“CDSB”) with effect from 1 January 2022.

Vicks has over 28 years of experience in leadership role in sales, business development, partner/alliance management, marketing and operations primarily in the telecommunications and information technology industry. He has developed businesses in Asia Pacific for start-ups from the United Kingdom, France and Australia, securing multi-million dollar contracts from communication service providers including Telstra in Australia, Maxis, Celcom and Astro in Malaysia and Telkomsel, Axis and XL in Indonesia, to name a few. He is no stranger to the technology start-up scene, having founded IoT Integrator, which was acquired by Xperanti IoT (M) Sdn Bhd (“Xperanti”) in 2018 and appointed as CEO of Xperanti – Malaysia’s first licensed dedicated Internet of Things (IoT) network and solutions provider.

Vicks has also collaborated with global players such as Huawei, Alcatel-Lucent, Logica, Amdocs, Ericsson, IBM, HP, Microsoft, AWS, Nokia-Siemens, Tata Consultancy Services and NEC as strategic partners to penetrate markets and develop businesses in the telecommunications and information technology industry.

“We are delighted to rope in Vicks to spearhead the future direction of CDSB given his vast experience in artificial intelligence, Internet of Things (IoT) and Industrial Revolution 4.0. He is a thought leader in digital transformation where he is seen as a coach, who is ahead in emerging tech. Being considered as a leading industry expert by his peers and a major advocate for localised industrial IoT solutions, Vicks provides coaching and mentoring for local start-ups to help them develop solving approach skills and processes, collaborate and co-create with partners and clients as well as strategise to scale within Malaysia and expand into the Southeast Asia region.

With a strong passion for technology, we believe he will be invaluable to our aim to bridge the digital divide by accelerating digital adoption across communities, enterprises and government,” said Ameer Shaik Mydin, group managing director of Censof.

Meanwhile, Vicks said, “I am honoured to be given this opportunity to join CDSB as it is a sound company with a vision to help the country fast-track its digital transformation agenda. I am putting in place plans to build an ecosystem of local tech start-ups, which will drive the nation’s digitalisation plans.”

Vicks highlighted that digital adoption is in line with the government’s aim to provide an enabling environment for the growth of the digital economy under the 12th Malaysia Plan (12MP). One of the objectives under the 12MP is to lay the foundation to position Malaysia as a high-tech and high-income nation by the end of this decade.

“This is where CDSB will play its part in accelerating technology adoption and innovation, which is one of the four policy enablers under the 12MP. With a slew of products and services developed by CDSB, we are able to transform micro, small and medium enterprises as the new driver of growth, which is one of the 14 Game Changers in 12MP,” he added.

CDSB, which is a wholly-owned subsidiary of Censof, was formed as a one-stop digital solution provider focusing on digital transformation, mobility and Big Data, to achieve operational excellence, improve predictability and enable new revenue streams.

Censof Completes Acquisition of a 51% Stake in Cognitive Consulting

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KUALA LUMPUR, Jan 21 (Bernama) — Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions is pleased to announce that the Group has successfully completed the acquisition of a 51% stake in Cognitive Consulting Sdn Bhd (“CCSB”) on 20 January 2022.

On 20 December 2021, the Group entered into a share purchase agreement to acquire the equity interest in CCSB for approximately RM3.7 million with a profit guarantee scheme.

“We are excited to include CCSB as part of our efforts to solidify our digital technology business segment, which will inevitably enhance our revenue and profitability moving forward. By utilising CCSB’s Robotic Process Automation (RPA) technology, Censof would be able to elevate its current customers’ processes, allowing them to digitise and adopt cloud-based solutions,” said Ameer Shaik Mydin, group managing director of Censof.

He added, “We believe our investment in CCSB will also enhance our synergy in providing Industrial Revolution 4.0 (RPA) services to our existing customers in government and commercial sectors. This is in line with the National Digitisation Strategy.”

CCSB is principally involved in the business of providing information technology consultancy and system integration services specialising in RPA. Essentially, RPA is a software technology that builds, deploys and manages software robots easily to emulate human actions interacting with digital system and software. CCSB is a technology partner with various world class technology providers such as UiPath and Deepread. Notable clienteles of CCSB include TM Malaysia, Pharmaniaga, Perkeso and POS Malaysia.

Censof Inks MOU with Universiti Sains Malaysia

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Pulau Pinang, 12 January 2022 – Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions, today announced that its wholly-owned subsidiary Century Software (Malaysia) Sdn Bhd (“CSM”) has entered into a Memorandum of Understanding (“MoU”) with Universiti Sains Malaysia (“USM”) to promote, develop and establish internship training programme pertaining to accounting and information technology.

The objective of the programme is to provide a university-industry collaboration between CSM and USM. Both parties will additionally look at other training and academic linkages and cooperation that will be mutually identified and agreed upon. This MoU is signed for a period of three (3) years.

This university-industry collaboration is one of the deliverables under the contract that was awarded to CSM by USM in which CSM will provide its financial management solutions to USM, which includes the Government Resources Planning solutions. The said solutions will essentially facilitate seamless accounting processes to USM.

CSM is a technology company that offers state of the art financial management and business solutions to the government and commercial sectors in Asia-Pacific region. It also provides other customisable solutions in the areas of education, wealth management, enterprise analytics, application development and training solutions.

“We are excited to be part of the prestigious Universiti Sains Malaysia’s journey to equip its graduates when they enter the workforce in the digital era. The internship programme is a university-industry collaboration that enables CSM to empower USM students to be part of the growing digital economy in Malaysia,” said Ameer bin Shaik Mydin, director of Century Software (M) Sdn Bhd.

He added, “The signing of the MoU today to provide internship programmes to USM graduates is one of the deliverables under the MoU that was awarded to Century Software by USM earlier this month. In addition to developing on-the-site internship programme, our financial management solutions will also be offered to USM to ensure seamless accounting processes in place. Century Software constantly works on expanding its business offerings and develops new technology driven business solutions that cater to the rapidly changing digital economy. This university-industry initiative will help the country become a regional leader in the digital economy as we play our part in the country’s human capital development by building agile and competent digital skilled workforce.”

Meanwhile, YBhg. Profesor Dato’ Dr. Faisal Rafiq Bin Mahamd Adikan, USM Vice-Chancellor said, “USM truly appreciates the strategic partnership forged with Century Software in providing its financial management solutions to USM, which I believe will not only tremendously improve the access of real time data, but also in meeting the present and future business and technology needs. We are equally grateful for the internship training opportunity granted to our students from the School of Computer Sciences and School of Management.

“In terms of global employability index, we are thankful that we (USM) are currently the highest in Malaysia. Apart from producing aspiring leaders, we always emphasise on developing students with strong digital literacy and subject specialisation skills and knowledge. I also look forward for these students to fare excellently well and be able to secure full-time, permanent employment at Century Software upon the completion of their internship,” he added.