Cloudpoint proposes CX One purchase


PETALING JAYA: Cloudpoint Technology Bhd has proposed to acquire unified communications technologies firm CX One Sdn Bhd from Goh Poh Gan, Kursinah Samat, Chee May Poh and Ng Siao We for RM16.8mil cash.

In a filing with Bursa Malaysia, the information technology solutions provider said the acquisition complements Cloudpoint group’s existing strengths in networking, cybersecurity, cloud, and artificial intelligence-driven solutions, effectively completing its digital transformation stack.

“The vendors of CX One will furnish a cumulative profit guarantee of RM7.45mil for the financial years ending Dec 31, 2026, 2027 and 2028.”

CX One has an established client base across multiple industries, enabling cross-selling opportunities for the enlarged group and driving two-way synergies that enhance revenue growth and long-term value creation.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Bedi acquires Sabah developers for RM38.8mil
Titijaya Land subsidiary buys land for RM47.4mil
Sunview disposes of stake in Winstar Capital for RM30mil
Alan Greenspan, US Fed 'maestro' through years of boom and bust, dies at 100
Hextar Retail to acquire Zok Noodle House assets for RM1.25mil
BCorp disposes of stake in Citaglobal for RM43mil
ICT Zone Asia secures RM28mil ICT hardware leasing contract
Ringgit eases against US dollar amid rising West Asia tensions
Muhammad Ikmal Opat steps down from Widad
Propel Global breaks ground on RM64mil Riverpoint commercial project in Kuantan

Others Also Read