Hua-An to acquire data analytics companies Human Capient, MD Labs for US$6.2mil
By Digital News Asia April 23, 2020
- Hua-An to own 70% of Human Capient; 100% of MD Labs
- Acquisition to strengthen Hua-An, lead to new revenue streams
Investment holding company SINO Hua-An International Bhd has recently signed a Sales and Purchase Agreement to acquire two business intelligence and data analytics providers for a sum of US$6.187 million (RM27 million).
The companies are Human Capient Consulting Sdn Bhd and MD Labs Sdn Bhd, whose CEO is Abdullah Abbas Wan Mohd Hasni (pic, left), which have each established a strong track record and clientele over the years. Both companies are certified by the Ministry of Finance Malaysia to supply services and products, with a prominent clientele comprising Government-linked companies, multinational corporations, as well as government departments.
Both have also collectively been able to deploy digital solutions to business and organisations with a focus on Industry 4.0 as well as an emphasis on scalable deployment of technologies driven by Artificial Intelligence (AI), Big Data and Data Analytics.
Upon the completion of the acquisition, Hua-An will own 70% of Human Capient and 100% of MD Labs.
According to the press release, the purchase will allow Hua-An to further strengthen their position as Malaysia’s leading digital enabler following the completion of its acquisition of the Touchpoint Group. It will also lead Hua-An to develop new streams of income apart from its traditional manufacturing and sale of metallurgical coke.
“This acquisition is both timely and well placed for Hua-An. The digital technology business is our identified focus area of growth. If anything, the COVID-19 outbreak has made many businesses realise that digitalisation is a necessary and critical priority,” says Hua-An executive director Jared Lim.
“We see an increased demand for companies wanting to digitalise their businesses especially after this pandemic and we are in a good position to help them evolve for Industry 4.0.”
Human Capient, whose CEO is Mohammad Khuzaini Ismail (pic, left), CEO of Human Capient, is a horizontal solutions provider focusing on change management, manpower improvement, operational efficiency and strategy implementation.
It has served medium-sized to Fortune 500 Malaysian companies for more than 12 years, and has been recognised in 2019 as the Top 10 Change Management Consulting/ Services in Asia Pacific by the HRTech Outlook Magazine.
Meanwhile, MD Labs is an intelligence solutions provider in the field of data analytics and verticals solutions. The company has been a trusted advisor and strategic partner to some of the leading organisations in Malaysia, helping many clients bring new meaning to their unsorted data by providing useful analytics and business intelligence.
MD Labs offers timely and accurate supply and demand data to the public and private sector in Malaysia. The acquisition of both companies will provide a total cumulative profit guarantee of US$1.32 million (RM5.8 million) over two years to Hua-An.