Privasia sets up satellite hub in Cyberjaya

PETALING JAYA: Petaling Jaya: Privasia Technology Bhd, a leading player in information communication technology (ICT) outsourcing and consulting in Malaysia, is setting up a dedicated satellite hub in Cyberjaya to target more clients from the oil and gas sector.
Privasia's wholly-owned subsidiary, IPSAT Sdn Bhd (IPSAT), intends to invest RM3 million to set up the satellite hub, supported by Hughes Network Services, LLC, a global leader in broadband satellite services and solutions.
"We have been providing satellite-based services to a number of clients since end-2009, with the acquisition of IPSAT. This new in-house satellite hub, slated for completion in mid-2015 allows the group to extend our range of services to our existing and future customers, particularly in the oil and gas sector, as well as maritime, tourism and hospitality, and security sectors," Privasia CEO Puvanesan Subenthiran said in a statement yesterday.
He added that the new satellite hub gives Privasia the opportunity to pursue regional potential in South East Asia as well.
Meanwhile, the group intends to make positive headway into the domestic telecommunications sector, by providing engineering services to mobile operators.
"With these growth drivers, we are optimistic of our prospects in the current financial year," Puvanesan said.
For the first quarter ended March 31 2015 (1Q15), Privasia's net profit decreased to RM1.3 million from RM1.4 million previously, while revenue leaped 54.9% to RM21.3 million from RM13.7 million previously.
The group's outsourcing and consulting orderbook currently stands at RM141 million, which will last it till 2020.