Hitachi Sunway on acquisition roll, building new data centre

  • Free Net fully acquired, also takes 30% stake in Powerware
  • New ‘green’ data centre to be completed by Oct,
Hitachi Sunway on acquisition roll, building new data centre

HITACHI Sunway Information Systems Sdn Bhd has made acquisitions into two privately-held Malaysian companies and is building a new data centre, moves that the Japanese-Malaysian joint venture company said positions it as “the next powerhouse player” in the region’s data centre sector.
 
The company has fully acquired Free Net Business Solutions Sdn Bhd and also 30% of Powerware Systems Sdn Bhd. Financial terms were not disclosed.
 
The investments leverage the “strong demand for regional data centre services as cloud computing experiences continued growth throughout South-East Asia’s ICT markets,” said Hitachi Sunway group chief executive officer and director Cheah Kok Hoong.
 
Free Net has over 15 years’ in systems integration, backup and data recovery, data centre facilities, managed services, network services and IT outsourcing businesses, Hitachi Sunway said in a statement.
 
Powerware Systems, with a presence in Malaysia and the Middle East, designs and builds data centres.
 
Hitachi Sunway already has a data centre business under its Infrastructure Managed Services (IMS) division that offers data centre services, data management, IT outsourcing managed services, and data centre design and building solutions.
 
“These two strategic acquisitions are timely as Hitachi Sunway is underway to complete the building of its newest 5,000 sq ft data centre located at The Pinnacle Sunway by October,” said Cheah. The new facility has been certified with the Green Building Index.
 
With the acquisition of Free Net, Hitachi Sunway instantly gains two additional ISO-certified Tier III compliant data centres located at Cyberjaya and Kuala Lumpur; to a total of 18,500 sq ft worth of data centre space.
 
He also said that Hitachi Sunway’s emphasis on the data centre market is aligned with the Malaysian Government’s drive to make the nation South-East Asia’s preferred data centre hub.
 
Hitachi Sunway has seen its revenue increase by 50% over the past 12 months, claimed its chairman and director Masato Saito.
 
The company’s 2013 fiscal year revenue was RM91 million (US$28.4 million), up 52% from RM60 million (US$18.7 million) the year before. Its budgeted revenue for 2014 is RM128 million (US$39.9 million), which would represent a 42% increase.
 
“The remarkable growth is a testament to the conducive collaboration between Hitachi Systems and Sunway Technology, especially with IMS, which is one of the three core business divisions,” Saito said, adding that the division recorded 100% revenue growth.
 
Related Stories:
 
Hitachi Systems and Sunway Technology establish IT services JV
 
HSIS Enterprise Applications Division extends SEA portfolio
 
Malaysia may be losing its mojo as investment destination
 
Hitachi Sunway secures deal with Thai electronics manufacturer
 
 
For more technology news and the latest updates, follow us on TwitterLinkedIn or Like us on Facebook

 
Keyword(s) :
 
Author Name :
 

By commenting below, you agree to abide by our ground rules.

Subscribe to SNAP
Download Digerati50 2018-2019 PDF

Digerati50 2018-2019

Get and download a digital copy of Digerati50 2018-2019