Tuesday 02/09/2025

KUALA LUMPUR, Sept 2 (Bernama) -- ICT Zone Asia Bhd, a pioneer of Technology Financing (TechFin) solutions in Malaysia, is targeting to double its unbilled order book to RM500 million within three years, supported by strong demand for subscription-based ICT services and the country’s digitalisation push.

Managing Director and Chief Executive Officer Tommy Lim said the group’s unbilled order book stood at RM254.8 million as of June 2025, reflecting solid market confidence in its integrated leasing, subscription and cloud solutions.

“We are expanding our TechFin and cloud services to capture new demand. At the same time, our circular economy strategy — which includes refurbishing and remarketing ICT assets at the end of their lifecycle — allows us to serve a wider range of customers sustainably,” he said in an email interview with Bernama.

TechFin and DaaS 360 model

Lim explained that ICT Zone’s TechFin model integrates technology and financing, enabling clients to shift from heavy capital expenditure (capex) to predictable operational expenditure (opex). Under its Device-as-a-Service (DaaS 360), clients subscribe to a package that includes hardware, software, security features and proactive device analytics.

“This eliminates upfront procurement costs and addresses challenges such as asset management complexity, cybersecurity and sustainability,” he said, noting that the solution is certified with the MyHIJAU Mark, aligning with Malaysia’s ESG agenda.

Sustainability and ESG compliance

ICT Zone has also rolled out its Carbon-Neutral Computing Services (CNCS), developed with HP, to extend device lifespans by three to five years while cutting e-waste and carbon emissions.

“Through CNCS, we refurbish thousands of devices annually and provide transparent reporting, including HP’s Sustainability Benefit Report, giving clients verifiable data for their ESG disclosures,” Lim said.

Diversifying beyond government clients

While about 70 per cent of ICT Zone’s revenue comes from government-linked contracts, Lim acknowledged the need for diversification.

“We remain committed to government clients, but we are expanding into SMEs and corporates. Our role as an ecosystem partner under MDEC’s Business Digitalisation Initiative (BDI) gives us access to a RM1.5 billion fund to support SME digital adoption,” he said.
 
The group also recently launched Sahabatku, a dedicated online platform for Angkasa cooperative members to access refurbished ICT devices on instalment plans, aimed at broadening inclusion in digital transformation.

Post-listing momentum

Since its ACE Market listing in June 2025, ICT Zone has secured new corporate clients, including in the financial services and manufacturing sectors. It has also deepened its partnership with HP and engaged with the Ministry of Natural Resources and Environmental Sustainability (NRES) on ESG frameworks.

Looking ahead, Lim said the group will capitalise on emerging demand for AI-capable devices, spurred by the end-of-support for Windows 10 in October 2025 and rising AI adoption.

“Our focus is clear — strengthen our TechFin leadership, expand into new verticals through partnerships and acquisitions, and ensure every solution we deliver contributes to measurable ESG outcomes,” he added.

SOURCE: Aegis Communication

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--BERNAMA