5 Essential Elements For fusionex
5 Essential Elements For fusionex
Blog Article
It has a headcount of 330 headcount and will concentrates on SaaS sort applications that use AI and information analytics, as well as consulting on their own introduction and companies for his or her integration and operation mostly in the Asian area.
This time they reported the Fusionex Team necessary the US£one hundred million to US$a hundred and fifty million funding to bolster its R&D. No mention was manufactured from needing The cash to stabilise the group.
“The previous senior management departed the business quickly with none method of handover of the management as well as functions.
But a clear photograph emerges from the unusually detailed winding up petition submitted by Hitachi, viewed by DNA, in which Hitachi chronologically lists a series of steps by Ivan and his Management team more than a 15-month time period that is certainly sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
Moreover, obtaining founded the Fusionex Academy, the organization collaborates with tutorial institutions to educate the future era of Big Info professionals by strengthening their technological skillsets necessary to continue to be aggressive in the present at any time-shifting IT marketplace.
Support ons Glassdoor te beschermen door te verifiëren of u een persoon bent. Onze excuses voor het ongemak. Als u dit bericht blijft zien, stuur dan een e-mail naar om ons te informeren over dit probleem. Ayúdanos a proteger Glassdoor
Hitachi learned, for their shock, that from Sept to Nov, not less than a hundred and ten staff had either resigned or been retrenched. The administrators were not informed of this significant circumstance.
It is a surprising tumble, without parallel in Malaysia’s tech heritage. Far more so, as Ivan could be the closest thing to currently being the golden boy for Malaysian tech, creating a organization to compete from the organization tech Place from world wide tech players.
It really is thought that other ex-Fusionex executives have also been achieving out to essential govt and private sector clients too, assuring them of assist although It's not obvious by which firm.
“Only then we will discover out the reason for the investigation. Anything at all at this stage of your time is extremely speculative right up until the investigation is comprehensive.
Rather, Along with the court her latest blog docket now appointing interim liquidators from Deloitte Restructuring Companies PLT on 27 Dec, agreeing with Hitachi’s argument which the dire scenario Fusionex faces calls for urgency, the panic is the fact Fusionex will stop to exist, with the only real remnants becoming its billboards throughout the Klang Valley, waiting around to generally be taken down likewise.
But the dust is More Help just not going to decide on this Tale as Ivan and his senior execs who remaining instantly are hoping for. Not when The solution to Hitachi’s drastic winding up software is laid bare in the in depth courtroom submission.
The Ivan in dilemma is Ivan Teh, a highly highly regarded forty seven-calendar year-aged, delicate Continued spoken, well mannered entrepreneur having an intense function ethic who Started Fusionex in Malaysia in 2009 and grew it into considered one of Southeast-Asia’s top rated analytics and AI corporations.
Hitachi court petition to end up Fusionex, expose grim picture of alleged unethical and irresponsible carry out by Ivan Teh and his senior leadership