Ceiling for seed venture fund increased to RM2mil

MALAYSIAN Venture Capital Management Bhd (Mavcap), the forerunner in assisting small players in the IT field, has increased the ceiling for funding available under its Seed Ventures Fund from RM500,000 to RM2mil per start-up, its senior vice-president (direct ventures) Bernard Yaw said.

Bursa Malaysia to finalise revamp proposals for Mesdaq listing

BURSA MALAYSIA Bhd expects to finalise its proposal to revamp listing requirements for the Mesdaq market in the next few months.

iNix sets sights on UAE, US

INIX Technologies Holdings Bhd, an information and communications technology-based company, plans to expand its international operations this year by venturing into two new markets, namely United Arab Emirates (UAE) and the United States (US).

Mesdaq-bound iNix to tap US and UAE security markets

HOME security solutions provider iNix Technologies Holdings Bhd plans to expand its operations in the United States and United Arab Emirates (UAE), said chief executive officer Jimmy Tok.

News in brief

iNix plans four more outlets by year-end

HOME security solutions provider iNix Technologies Holdings Bhd plans to open four more outlets - two in the Klang Valley, one each in Kuantan and Sarawak - by year-end to tap the existing houses for its seccurity system, said chief executive officer Jimmy Tok Soon Guan.

iNix set to sell security systems in Middle East

Home security solutions provider iNix Technologies Holdings Bhd expects to secure sales of more than RM10mil from the Middle East within the next two years, said chief executive officer Jimmy Tok Soon Guan.

iNix expects double-digit growth

SMART homes solutions and security systems provider iNix Technologies Holdings Bhd expects double-digit growth in both revenue and profit for the financial year (FY) ending July 31, 2006.

Snapshots

Shiling Woon writes on Rexit, Inix and MAA.

Firm invests in video conferencing features

Smart homes solutions and security systems provider iNix Technologies Holdings Bhd is aiming to spread its wings to India and China this year as part of its strategy to widen its customer base, which now include Australia, Singapore and Indonesia.