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Malaysia's Hitachi Sunway acquires Singapore's I-Net

AvantiKumar | Nov. 6, 2014
With its third acquisition this year, the Malaysia based regional IT solutions provider bolsters its position in the networking and security market.

Cheah Kok Hoong Hitachi Sunway  CEO - modified 

Photo - Cheah Kok Hoong, Group CEO, Hitachi Sunway

 

Hitachi Sunway Information Systems [Hitachi Sunway] has acquired a 100 percent stake of Singapore-based I-Net Solutions [I-Net], which is the Malaysia-based regional IT solutions provider's third acquisition in 12 months.

Hitachi Sunway group chief executive officer and director Cheah Kok Hoong said this move has strengthened the company's position in the networking and security space.

"Infrastructure and managed services [IMS] is a high growth sector within ICT that encompasses many elements of specific technical resources, know-how and facilities," said Cheah. "The recent acquisitions reinforce Hitachi Sunway's corporate direction to be the top leading one-stop IT services and solutions provider in SEA in this area."    
 
"I-Net has deep domain expertise in IT system integration, networking and security which will augment Hitachi Sunway's IMS solutions portfolio to offer complete data centre services, IT outsourcing and infrastructure managed services for large IT infrastructure developments and call centre operations," he said.

Hitachi Sunway will continue its aggressive growth plan, which is in tune with the increasing demand for IT infrastructure building within Southeast Asia, said Cheah. "Coupled with I-Net's existing regional presence, Hitachi Sunway can comprehensively support the multinationals and enterprise grade customers' regional business expansions, operations and IT needs via IT support partnerships."

 Delighted with move

Joshua Ong, group executive director for I-Net, said, "The team at I-Net group are delighted to be a part of the HSS's strategy to expand its business footprint in Southeast Asia. This is a strategic business decision that we believe will benefit our clients, partners and employees."

Established in Singapore in 2003, I-Net is a regional IT company in business of providing IT systems integration services, networking and managed services solutions. The company also has presence in Thailand, Indonesia, Malaysia and China.

Hitachi Sunway's Cheah said that this latest acquisition will expand the company's footprint in Singapore. "Prior to the acquisition, Hitachi Sunway has only been providing product lifecycle management solutions to customers in Singapore for engineering design and product manufacturing."

"Tapping on I-Net's system integration capabilities, Hitachi Sunway can now offer IMS and data centre solutions targeting financial services, large conglomerates and government-linked companies," he said.

 

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