Datasonic plans to raise RM555mil, buy 51% of Innov8tif in transformation plan


KUALA LUMPUR: Datasonic Group Bhd plans to acquire a 51 per cent stake in Innov8tif Holdings Sdn Bhd for RM40 million, an artificial intelligence (AI)-driven digital identity solutions provider, as part of its transformation plan.

The company said it wants to emerge as a leader in physical and digital identity markets with an AI-based and digital-centric identity management ecosystem focusing on data and security, "enabling it to deliver complete, secure end-to-end identity and security solutions for governments and enterprises."

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Datasonic , Innov8tif , AI , acquisition

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