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.