PETALING JAYA: Censof Holdings Bhd has signed a joint venture (JV) agreement to develop and operate a “hyperscale (Microsoft Azure)” cloud management system in Malaysia.
Censof’s subsidiary CS Cloud Sdn Bhd will establish a 50:50 JV company with Korean-based Cloocus Co Ltd called Cloocus Sdn Bhd for this purpose, the companies said in a statement yesterday.
The companies will facilitate the mutual sharing of expertise in the area of cloud services through the JV company, which will also develop and operate the Microsoft business, including MW: Modern Work and Biz Apps.The JV company will have an initial injection of US$2mil (RM8.4mil).
“We are making significant commitments to drive the digitalisation transformation forward in Malaysia, especially in the area of cloud services.
“There is no doubt that the global pandemic of Covid-19 has inevitably accelerated the digital transformation process.
“This collaboration is anticipated to open up businesses and growth opportunities for the digital economy and at the same time as a mechanism to boost foreign investors’ confidence to invest in local businesses,” said CS Cloud chief executive officer Kavinthraj Panneerchelvam.
Cloocus Korea will bring into the JV its technical expertise, resources and assets while CS Cloud will provide local sales network, marketing and customer related activities as well as knowledge of the local culture and customer pattern behaviours, the statement added.
CS Cloud provides a cloud computing platform that offers private and hybrid cloud deployments for both the public and private sectors.
The company, which was established in 2020, said its services are currently being deployed by the Transport Ministry, National Water Services Commission, Malaysian Pineapple Industry Board, Amanah Saham Nasional Bhd, State Secretary of Penang and Malaysian Medical Council.
Meanwhile, Cloocus Korea, which was established in 2019, provides full cloud services such as pre-consultation service, build service, managed service, big data and analytics and smart work to drive digital transformation by migrating to Microsoft Azure.
Source : The Star | View Original Article Here