VLT acquires Singapore-based Tinkerbox Studios
By Digital News Asia March 1, 2018
- Solidifies capabilities to build, innovate and deliver digital products in the region
- VLT now focuses on developing and innovating digital products for businesses
VLT, a Malaysian independent design, innovation and technology firm has acquired Singapore-based Tinkerbox Studios.
“We see this acquisition as a major step in VLT’s strategy to establish a strong presence in Southeast Asia," said VLT chief executive officer Adrian Lim (pic, right).
“Tinkerbox is no stranger to VLT, as we have collaborated on a number of projects in the past four years and it is no surprise that we have since decided to acquire Tinkerbox for its stellar record in innovation and technology.
“By bringing together the strengths of the VLT and Tinkerbox Studios, we have now solidified our capabilities to build, innovate and deliver digital products in the region, which will also strengthen our competitive market place positioning,” added Lim.
VLT set out as a small, independent home grown Malaysian company in 2013 and has grown to become an award-winning firm.
VLT’s work involves brands such as BMW, Citibank, Sony, Kimberly-Clark, LG and Tesco along with Malaysia’s Astro, Webe, Sime Darby, Munchy’s and Jobstreet.
VLT also champions and invests in startups, incubating entrepreneurs in SEA and beyond. Some of the work that VLT has done in the startup circuit includes; Supahands, ShopU, Ombre, Goget and TangoFlare.
Having established its name in the digital scene, VLT has made a major shift from a digital agency to one that focuses on developing and innovating digital products for businesses across various industries from startups to corporations.
Therefore, the acquisition of the established design and development studio, Tinkerbox, is a timely synergy in line with its plans.
Founded in 2007 by Jaryl Sim, Kelvin Tham and Clarence Chew, Tinkerbox has supported over 100 projects and startups over the last 10 years.
Tinkerbox has inspired and influenced a number of technology ventures in the region including Luxe Nomad, Kaligo, Nail Deck and supported businesses such as IDEO, DBS, LTA, Grab, Ricoh and YCH.
Speaking of the new venture, Sim, founder of Tinkerbox stated that this partnership was entered into so as to meet a rising demand in the market for building technologically sophisticated products and launching them in challenging and competitive markets.
“Digital product design has huge opportunities and demand in the region. VLT and Tinkerbox has both the track record and technological expertise to facilitate this need,” Sim added.
Chew, who played a key role in building this partnership, said that the partnership would be key in spurring further innovation and technology requirements for digital in brands, businesses and startups in Asia.