5 Simple Techniques For fusionex
5 Simple Techniques For fusionex
Blog Article
“The previous senior administration departed the corporate instantly with no kind of handover on the administration and the functions.
I'm worried that the actions of the Fusiotech administration staff could have further repercussions to the ecosystem Specially overseas traders and future acquirers of Malaysian startups.”
Hitachi court petition to wind up Fusionex, expose grim image of alleged unethical and irresponsible conduct by Ivan Teh and his senior leadership
That’s science technological innovation.” This inevitably drew him to a diploma in Pc science, which in itself became a springboard from which to enter the IT industry, propelling him to managerial positions in multinational organizations together with Hewlett-Packard, Intel and Accenture.
It is actually a surprising tumble, with out parallel in Malaysia’s tech record. More so, as Ivan may be the closest thing to staying the golden boy for Malaysian tech, developing a enterprise to contend within the company tech Place from world tech players.
According to a source near to Fusionex, a board Conference was held a number of times before Croft's resignation. The delisting was reviewed throughout the board meeting and Croft apparently accredited it.
For Teh, the most crucial driver for such move is his belief that Fusionex continues to be undervalued for a very long time that you can buy.
More people have become electronic shoppers, preferring to acquire items and use providers on the web from the comfort and ease of their own personal households. Prospects now are normally linked, constantly on, and always on the web.
It had been not just click to read the motion to wind up, even so the information that Ivan and plenty of of his Management team Stop their Positions abruptly with out serving owing notice and did not execute their Expert and fiduciary duties with a correct handover of entry and files.
Hitachi’s legal professionals ended up also not provided a replica with the directive and have been only allowed to view it without the need of getting any notes in the course of a gathering between The 2 sides in KL on 23 Nov.
Fusionex's gurus can handle the technical troubles to give their customers important support with a worldwide existence.
The ecosystem chief goes on to state, “The Petition is extremely harmful towards the administration staff which have a accountability to explain themselves.
“From working day one, our mantra was to solve issues. It wasn’t to go on the market and promote a box or offer components – that doesn’t encourage me. We wouldn’t are actually able to make new Employment or more ideation, which is what lies in Fusionex’s DNA – that fusion in between enterprise, technological know-how and the excellence of the experience.”
This provided a dialogue with a former senior executive who attempted to encourage me not to put in writing concerning the issue.