- Post-acquisition, IWV Malaysia will be rebranded as Exabytes Enterprise
- The subsidiary company will mainly be offering managed enterprise cloud services
EXABYTES Capital Group Sdn Bhd, an e-commerce and cloud solutions provider in Southeast Asia on Feb 14 announced its 100% acquisition of Iconz-Webvisions Sdn Bhd (IWV Malaysia).
The Sales and Purchase Agreement to fully acquire IWV Malaysia, a KL-based enterprise cloud provider was signed on Feb 9, 2018 for an undisclosed amount.
According to Exabytes’ Founder and CEO, Chan Kee Siak (pic) this acquisition marks the first part of the Exabytes Group’s merger and acquisition roadmap for the year 2018.
“IWV Malaysia is our first acquisition in the Year 2018, as part of the Group’s strategy to move up the value chain of being an e-commerce and cloud provider.
“We evaluated IWV for the team’s experience and specialised skills; and seeing that it will immediately add onto Exabytes’ aspirations to be a full-fledged enterprise cloud services provider, we thus decided on the purchase,” says Chan.
Post-acquisition, IWV Malaysia will be rebranded as Exabytes Enterprise. The subsidiary company will mainly be offering managed enterprise cloud services, targeted at medium to large enterprises in Malaysia.
“Today, the Exabytes Group effectively has 300 dedicated cloud-centric system and application engineers as well as professionally-trained specialists to meet the demand for the managed enterprise cloud services where increasing local demand is anticipated over the next 12 months,” says Chan.
Meanwhile, the Exabytes Group has an existing network of data centres in Malaysia respectively located in Kuala Lumpur, Penang and Cyberjaya as well as in five other global locations, in Singapore, Indonesia (Jakarta), Hong Kong, Tokyo and the United States.
“I am confident that the addition of IWV Malaysia via this acquisition to form Exabytes Enterprise, will be synergistic to the greater performance of the Exabytes Group – for our shareholders, partners and customers,” ends Chan.
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