A mere two months after speaking confidently of its latest pivot, Ensogo CEO Krzysztof Marszalek has stepped down and the company is closing all its SEA e-commerce units. Karamjit Singh has the story, including why this is a rare failure for Patrick Grove.
The South-East Asian startup scene is certainly booming but venture capitalists (VCs) in the region are just not keeping up, according to a report by Google Inc and Temasek Holdings.
Malaysian software billionaire Dr Goh Peng Ooi and his team at Silverlake Axis Ltd have reasons to be all smiles this year, with demand for the company’s solutions and services expected to remain encouraging.
Singtel has agreed to acquire a 98% equity interest in US-based managed security services specialist Trustwave for US$810 million.
Boosted by a three-year contract to supply sensors to one of the largest smartphone and tablet brands in the world, Globetronics Technology Bhd is embarking on its biggest expansion since listing in 1997. Its CFO and chief corporate officer speak to Isabelle Francis.
Golden Gate Ventures’ Justin Hall has some very simple advice for Goldilocks companies – those ubiquitous startups that are usually consumer-facing, relatively niche in their product or service offerings, and are, at least initially, very local in their focus: Consolidate or die.
Malaysian webhosting provider Exabytes Network Sdn Bhd has launched what it described as the country’s first integrated logistics service platform, and also announced its 100% acquisition of Usonyx Pte Ltd.
Telekom Malaysia Bhd (TM), the largest fixed-line phone company in the country, is asking for a two-month extension to obtain the necessary approvals for its acquisition of a majority stake in wireless broadband service provider Packet One Networks (Malaysia) Sdn Bhd (P1).
New Jersey-based Northstar Travel Media, a business-to-business information company serving the travel and meetings industries, has acquired Singapore-based Web In Travel (WIT)/
Telekom Malaysia Bhd (TM), the country’s largest fixed-line operator, has agreed to buy a 57% stake in Packet One Networks Sdn Bhd (P1) for RM350 million (US$106 million), putting an end to rumours that have been percolating for almost two years.