HTpadu ... July 09

It is set to enter the Middle Eastern market with its anticipated appointment as technology partner by an Abu Dhabi government-linked company.

Negotiations with the Abu Dhabi company were in the final stages. What remained to be resolved were operational issues, before their equity participation in a proposed joint venture was firmed up.

Together with its partner, the company will pursue e-government initiatives in the kingdom.

It will explore opportunities to replicate the e-government management experience they have in Malaysia. They are very much involved in population management initiatives, road transport and immigration services, among others in Malaysia.

Going Forward …

It will replicate its existing business model in other countries, adding that it already had established some of its services in Sri Lanka and Indonesia.

The company already has a disaster recovery centre operational in Colombo and is setting up another in Jakarta. The company was also exploring population management initiatives in Sri Lanka, as the country did not have an advanced identification system as that in Malaysia.

They are also focusing on business continuity management (BCM) that seeks to mitigate the impact on organisations when they are hit by a disaster or other emergencies, so that there is a contigency plan to ensure their operation proceeds seamlessly.

For the financial year ended Dec 31, 2008, about 69% of its revenue came from the public sector, recurring revenue was over 70%.

For the first quarter ended March 31, 2009, HeiTech posted a net profit of RM1.06 million on the back of RM87.84 million revenue.