Posted by Jimmy Song > 2013-10-21 20:02 | Report Abuse

CENSOF CONTINUES TO EXPAND OVERSEAS CENTURY SOFTWARE SIGNS MOU WITH LEADING MYANMAR IT COMPANY YANGON, MYANMAR, 21 OCTOBER 2013 – Century Software (Malaysia) Sdn. Bhd. (“CSM”), a wholly-owned subsidiary of Censof Holdings Berhad (“Censof” or the “Group”) today signed a Memorandum of Understanding (“MOU”) with Myanmar Information Technology PTE Ltd. (“MIT”) in Yangon, Myanmar - where the International Myanmar ICT Exhibition was held. The MOU was signed by Tamil Selvan Durairaj, CEO of CSM and Ni Ni Tun, Director of Business Development Department, MIT and was witnessed by Ng Wan Peng, COO of MDeC and Dr. Tun Thura Thet, CEO of MIT. The collaboration between CSM and MIT will enable the latter to sell, license, market and distribute CSM products and services. It will also allow both parties to combine their diverse but complimentary capabilities to carry out and execute future projects. “Due to the diverse capabilities and operational strengths from both parties the collaboration will provide synergistic benefits to develop the best management and technical approach and support for the specified projects and clients in Myanmar” commented Mr. Tamil Selvan Durairaj. “There are definitely promising business potentials ahead of us and we look forward to developing a long-term business partnership with MIT” he further added. MIT one of the largest System Integrator in Myanmar with 300 staff strength currently has a client portfolio with over 3000 clients covering a wide range of industries including the banking sector, retail, enterprise systems, healthcare and hospitality. Under its information systems development segment MIT services banks and financial institutions in Myanmar including its largest bank, Kanbawza Bank (KBZ). Additionally, MIT has tapped into overseas markets such as Singapore, the United Kingdom, Spain, Malaysia and Cambodia. Hence, this business collaboration will not only provide CSM with extensive business prospects in Myanmar but also provide CSM an opportunity to further expand overseas. “Censof is a prominent and popular organisation in Malaysia and both companies are government linked in their respective countries, this collaboration would be an effective venture in the region” commented Tun Ni Ni during the signing last Friday. About Censof Holdings Bhd Incorporated in 1997 as a specialist for financial management solutions, Censof is today at the forefront of the industry in Malaysia and the global business arena. Together with our sister companies, the Censof Group of Companies has established presence in Malaysia, Indonesia and the United States, with financial management solutions, e-payment gateway services, and investment/asset management solutions. Our primary business operations include system design, development geared towards its implementation in installation, maintenance, and support; certified by the ISO 9001:2008 standards, established by a Bureau Veritas Certification. In January 2011, the Group was listed on the Main Market of Bursa Malaysia. In 2011, Censof successfully acquired a 60% stake in PT. Praisindo Teknologi and one year after, the Group acquired a 80% of stake in Knowledgecom Corporation Sdn. Bhd. In Year 2013, the Group announced a First and Final Single Tier Dividend of 1.0 sen per ordinary Share for the Financial Year Ended 31 December 2012. At the same time, Censof signed a MoU with Estemarat Services from UAE to pursue business potential in United Arab Emirates, Middle East and Africa.