Telogic Article in The EDGE Malaysia
Telogic, May 30,2005 --Singapore-based Telogic group aims to list its Malaysian unit, Telogic Technology Sdn Bhd, on the Mesdaq Market in the first quarter of 2006 as it seeks to expand its business and step up its research and development (R&D).
Group managing director Low Kim Seng tells FinancialDaily that Telogic has submitted its proposal to the Securities Commission. The underwriter for the proposed listing exercise is Hwang-DBS (Malaysia) Bhd.
Low says Telogic Technology was set up in 2003 to undertake R&D for the parent company in Singapore.
Elaborating on the Telogic group, he says it provides telecommunications network management solutions as well as mobile/fixed value-added services to major telecommunications operators in Southeast Asia and the Middle East.
The group wants to establish telecommunications solution companies in the US, China, the Indian sub-continent and Africa in the near future. It will continue to focus on its Thailand and Indonesian markets, he says.
Low says Telogic group will use Malaysia as its R&D centre to manufacture software worldwide.
We will use Malaysia as our base for R&D and we plan to triple our current number of 40 people in the next five years to support our expansion plans, he says.
He adds that the group prefers Malaysia as Malaysians are trilingual and also because of the countrys business-friendly environment.
Telogic groups revenue is mainly overseas, with Thailand contributing over 50% of the groups total revenue last year, he says.
Low says Telogic group has established itself in Thailand, Singapore, Indonesia, Malaysia, Vietnam, Cambodia and Iraq.
In February, it secured a RM3 million contract to supply its SS7 Signalling gateway product to Iraqs Asiacel telecommunications company. The gateway platform will provide a more effective and efficient call control for Asiacells international network.
Asked why it chose to set up business in Iraq, Low says: By and large, the infrastructure in Iraq is still very attractive despite the war and we see great potential for that country in the long run.