Cloudpoint unit accepts RM33.6mil contract to implement service management solutions

KUALA LUMPUR: Cloudpoint Technology Bhd's wholly-owned subsidiary Cloudpoint Solutions Sdn Bhd has accepted a contract from a local bank to implement ServiceNow's integrated service management automation (Isma) solutions for RM33.6mil.

In a filing with Bursa Malaysia, Cloudpoint said the job includes implementation services over a period of 12 months, cloud subscription for three years, subscription of software licences for three years and warranty support for 12 months from the production live date.

The contract is expected to contribute positively to the earnings and net assets of Cloudpoint for the financial year ending Dec 31, 2024, onwards (subject to confirmation of contract commencement date) and the financial periods in the duration of the contract.