International Business & Economy Malaysian software company acquires majority stake in ERP Software provider

Malaysian software company acquires majority stake in ERP Software provider

Century Software will expand its strategic footprint to the commercial market and its product portfolio while underpinning the growth strategy especially in its cloud ERP segment

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Century Software (M) Sdn Bhd, a wholly owned subsidiary of Censof Holdings Bhd entered into a share sale and purchase agreement to acquire a 51% stake in Singapore-registered enterprise software applications and services provider, Netsense Business Solutions Pte Ltd.

Century Software will expand its strategic footprint to the commercial market and its product portfolio while underpinning the growth strategy especially in its cloud ERP segment.

Netsense Business Solutions is the fastest growing ERP software provider in the Singapore enterprise market, and has offices in Singapore, Kuala Lumpur and Jakarta. The company supports around 90 reputable clients across Singapore and in Malaysia. Netsense provides software and IT consulting services to over 15 industry verticals.

Netsense Business Solutions offers the widest array of business solutions ranging from Acumatica Cloud ERP Software, Intermediate Accounting Software, CRM, HR Solutions, Payroll, Project Management, Business Intelligence Tools, Customised Dashboards, Mobile Apps and e-Commerce Solutions. Century Software has a long-term OEM partnership with Acumatica Inc.

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Censof Group managing director, Ameer Bin Shaik Mydin says, “Our investment in Netsense Business Solutions is a logical step in meeting the rising expectations of clients in the cloud ERP market as Netsense aligns well with Century Software’s strategy to grow its cloud and software business,”.

“SMEs are key to strengthening productivity, delivering inclusive growth and adapting to the major transformations of our time. We believe this can be achieved through our innovative business solutions. It is imperative for SMEs to embrace digital revolution swiftly to boost growth”, says Netsense Director – Business Development, Abdul Rehman.

Censof Holdings Bhd (KLSE: CENSOF) was established in 2008 and listed on the Main Market of Bursa Malaysia in 2011. -/TISG

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