fusionex No Further a Mystery
fusionex No Further a Mystery
Blog Article
It has a headcount of 330 headcount and can focuses on SaaS form programs that utilize AI and details analytics, in addition to consulting on their own introduction and expert services for his or her integration and operation predominantly in the Asian area.
Just before my gaining access to the Hitachi winding up petition papers, I'd invested Just about two weeks asking industry gamers, present and earlier Fusionex employees about what might have long gone Erroneous but with little light-weight on what could have triggered this drastic final decision by Hitachi.
The Court docket has also tasked the interim liquidators of your Fusionex Team of companies to situation a report to the standing in the business enterprise and fiscal affairs of the companies. It really is hoped that this kind of report may also lose some light-weight to the condition of Fusionex.
Meanwhile DNA has learnt that a former Fusionex venture manager for An important authorities account has reached out to The federal government agency to reassure them that their Fusionex developed and operate platform could well be managed and saved managing easily post Fusionex.
As of publishing of this information, Ivan hasn't responded to DNA queries to obtain his facet of your Tale.
This go will strongly boost, acquire and secure new shopper bases, technologies and know-how that Fusionex has cultivated during the Asian location
Hitachi court docket petition to wind up Fusionex, expose grim photo of alleged unethical and irresponsible carry out by Ivan Teh and his senior Management
“This determination stems within the insurmountable troubles arising from your insufficient handover of information and data by the former management, which proficiently still left Hitachi with none kind of information concerning the management, operations, and continuity from the organization of Fusionex Group,” he said.
The winding up petition versus the Fusionex Team of corporations remain pending ahead of the court docket and Using the Court docket hearing the petition in May 2024.
“If This can be verified being legitimate, then I'm actually pop over to this web-site astounded with the actions of the administration crew in coping with their unique Board and shareholder. Hitachi is the only real shareholder of the corporate they usually, and also the Board they appointed, have entire authority and power to access all and any organization doc they motivation.
It's a shocking tumble, without the need of parallel in Malaysia’s tech background. More so, as Ivan is definitely the closest thing to staying the golden boy for Malaysian tech, creating a business to contend inside the enterprise tech Area from world-wide tech gamers.
An government from the company tells DNA, “We wish to hold out For additional clarity on what actually took place at Fusionex before you make any selections of help.”
“The past senior administration departed the corporate quickly with no form of handover with the administration plus the operations.
Despite the expansion, the business's stock has remained mostly flattish in the last 15 months (apart from the modern tumble).