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Malaysia's Exabytes continues regional expansion, buys Singapore's Signetique

AvantiKumar | July 15, 2015
This move will increase our 2015 revenue by 50% and also gives us immediate presence in the Indonesian market, said Exabytes CEO Chan Kee Siak.

Exabytes' Founder and CEO, Chan Kee Siak 

Photo - Chan Kee Siak, CEO, Exabytes Network.

 

Malaysian Web hosting and ecommerce solutions provider Exabytes Network (Exabytes) has taken another step in its regional expansion plans with the acquisition of Singapore-based cloud hosting company Signetique IT (Signetique).

Confidence in the growth of Asian ecommerce is driving our expansion, said Exabytes CEO Chan Kee Siak, when announcing the company's second acquisition in Singapore.

"We believe that ecommerce will multiply in growth in the next few years. The Internet's potential for business has yet to be fully explored in this region and Exabytes is preparing to help the regional community with our hosting and e-commerce expertise," he said.

This move means that Penang-headquartered Exabytes will now have a 15 percent share of the Singapore hosting market as earlier in August 2014, Exabytes acquired USONYX, said Chan.

"Together with Exabytes Singapore, all three companies will continue to operate separately, focusing on different segments of the Singaporean market," he said. "Overall, I foresee that our overseas business revenue to grow to make up 40 percent of our total revenue."

In Malaysia, Exabytes has a 30 percent market share and in 2014, Exabytes recorded a total of RM32 (US$8.51) million in revenue (ended as of 31 March 2015). The company is now projected to grow by up to 50 percent by the end of FY2015, added Chan.
 
Expanding to Indonesia
 
Chan said that Signetique has a 15-year old record of providing SMEs with vps (virtual private server), dedicated server and cloud hosting services from facilities in Singapore, Malaysia, New Zealand, Taiwan, China and Japan. Through this acquisition, Exabytes has immediate presence in Indonesia.

Exabytes' next target is to offer its website hosting services and cloud-based expertise to the Indonesian market, he said.  "Currently the Jakarta office focuses on customer service support for our customers in Malaysia and Singapore. There's untapped potential in the Indonesian market, but we require careful planning before we can start our operations there; but by the end of 2015, we hope to launch full-fledged hosting services in Indonesia. "

"Over the next few years, we will be focusing on expanding within South East Asia and making more strategic partnerships within the Internet business scope. Being the transportation centre to all major cities in South East Asia, Malaysia is a strategic location for us to expand regionally from," said Chan, who also noted the company's recent strategic partnerships with GMO Payment Gateway and Google AdWords.

"We believe that e-commerce will multiply in growth in the next few years. The Internet's potential for business has yet to be fully explored in this region and Exabytes is preparing to help the regional community with our hosting and e-commerce expertise," he said.

 

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