This milestone paves the way for Censof’s diversification into offering RPA solutions

KUALA LUMPUR, Jan 21 (Bernama) -- Censof Holdings Berhad (“Censof” or the “Group”), a technology holdings company specialising in financial management software solutions is pleased to announce that the Group has successfully completed the acquisition of a 51% stake in Cognitive Consulting Sdn Bhd (“CCSB”) on 20 January 2022.
 
On 20 December 2021, the Group entered into a share purchase agreement to acquire the equity interest in CCSB for approximately RM3.7 million with a profit guarantee scheme.
 
“We are excited to include CCSB as part of our efforts to solidify our digital technology business segment, which will inevitably enhance our revenue and profitability moving forward. By utilising CCSB’s Robotic Process Automation (RPA) technology, Censof would be able to elevate its current customers’ processes, allowing them to digitise and adopt cloud-based solutions,” said Ameer Shaik Mydin, group managing director of Censof.
 
He added, “We believe our investment in CCSB will also enhance our synergy in providing Industrial Revolution 4.0 (RPA) services to our existing customers in government and commercial sectors. This is in line with the National Digitisation Strategy.”
 
CCSB is principally involved in the business of providing information technology consultancy and system integration services specialising in RPA. Essentially, RPA is a software technology that builds, deploys and manages software robots easily to emulate human actions interacting with digital system and software. CCSB is a technology partner with various world class technology providers such as UiPath and Deepread. Notable clienteles of CCSB include TM Malaysia, Pharmaniaga, Perkeso and POS Malaysia.

 

ABOUT CENSOF HOLDINGS BERHAD
Censof Holdings Berhad (“Censof” or the “Group”) was established in 2008 as a technology holdings company that provides an extensive financial management solution for the government and commercial segments, small and medium enterprises, as well as start-ups. The Group was listed on the Main Market of Bursa Malaysia Securities Berhad in January 2011.
 
Through its subsidiaries, Censof is involved in providing (i) financial management solutions on the government front, (ii) financial management solutions to the SMEs and micro-SME segments, (iii) wealth management solutions, (iv) payment aggregation solutions and (v) digital technologies. The Group is listed under the Technology Sector (Name & Code: CENSOF & 5195).
 
For more information about Censof Holdings Berhad, please visit https://censof.com. 

Source: Censof Holdings Berhad

FOR MORE INFORMATION,PLEASE CONTACT: 
Name: Sandra Tan (Imej Jiwa Communications)
Email: sandra@imejjiwa.com
 
Name: Doreenn Leong (Imej Jiwa Communications)
Email: doreenn@imejjiwa.com
 
Name: Wong Khai Jin (Imej Jiwa Communications)
Email: khaijin@imejjiwa.com 

--BERNAMA