KUALA LUMPUR: ACE Market-listed Privasia TECHNOLOGY [] Bhd is on the lookout for potential targets for acquisition as part of its expansion plan.
Its chief executive officer Puvanesan Subenthiran said the company was companies that were able to offer synergistic benefits in helping Privasia fulfil its vision of becoming a total ICT outsourcing services provider in the region.
'Our next targets would likely be companies that give us either access to new market segments or unique products and services that can be offered to our increasing customer base.
'Having successfully integrated two acquisitions in the last 2 years, we now have appetite for more,' he said in a statement June 3.
He said the company would utilise internally-generated funds and borrowings to finance future acquisitions.
Privasia merged with Airocom Technoloy Sdn Bhd in May 2009, and subsequently added IPSAT Sdn Bhd to its fold in late 2009.
On Privasia's prospects, Puvanesan said the company was optimistic of its financial performance in FY2011, due largely to the improving business sentiment and the government's initiative to promote more widespread internet usage.
'Our strong current order book of RM193 million of maintenance and system implementation projects will keep us busy till 2020,' he said.
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Its chief executive officer Puvanesan Subenthiran said the company was companies that were able to offer synergistic benefits in helping Privasia fulfil its vision of becoming a total ICT outsourcing services provider in the region.
'Our next targets would likely be companies that give us either access to new market segments or unique products and services that can be offered to our increasing customer base.
'Having successfully integrated two acquisitions in the last 2 years, we now have appetite for more,' he said in a statement June 3.
He said the company would utilise internally-generated funds and borrowings to finance future acquisitions.
Privasia merged with Airocom Technoloy Sdn Bhd in May 2009, and subsequently added IPSAT Sdn Bhd to its fold in late 2009.
On Privasia's prospects, Puvanesan said the company was optimistic of its financial performance in FY2011, due largely to the improving business sentiment and the government's initiative to promote more widespread internet usage.
'Our strong current order book of RM193 million of maintenance and system implementation projects will keep us busy till 2020,' he said.
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