Kronologi Asia to expand data business to Hong Kong

PETALING JAYA: Kronologi Asia Bhd is expanding its data storage and protection solutions business to Hong Kong, its second overseas market after Singapore.
The company told Bursa Malaysia that it will be partnering with Singapore Technologies Electronics Ltd (ST Electronics) for its venture in Hong Kong, as part of its strategy to deliver transnational (cross-border) data backup solutions.
Kronologi will invest up to US$2.35 million (RM10 million) in new equipment to be installed at an existing data centre of ST Electronics in Hong Kong. With this partnership, ST Electronics will be able to extend Kronologi’s data storage and protection services to its customers.
ST Electronics is the electronics arm of Singapore Technologies Engineering Ltd, one of the largest companies listed on the Singapore Exchange.
Kronologi is also in advanced discussions with several potential customers and expects to roll out its services in Hong Kong in the second half of 2017.
Through its Kronicles brand, Kronologi helps regional small and medium enterprises back up and protect their data. It uses a hybrid architecture (on-site appliances and over the cloud) to help businesses mitigate risks to their digital assets arising from disasters, ransomware and other events.
The collaboration with ST Electronics follows Kronologi’s announcement in April that it would set up transnational infrastructure to offer clients the option of having more than one physical location or country for data backup.
Kronologi said demand for data backup is being driven by the proliferation of data such as emails, staff and business records, legal documents and more, which companies must safeguard as part of efforts to ensure business continuity and compliance.
“As recent events have demonstrated, a safeguard against ransomware is also critical for business continuity,” it noted.