Saturday December 22, 2007
YGL Convergence sees a third of revenue from JV
KUALA LUMPUR: YGL Convergence Bhd, one of the largest enterprise solution providers in Asia, expects its 51%-owned joint venture entity, YGL Parker Randall World Alliance, to contribute one-third to group revenue by 2010, said chief executive officer Yeap Kong Chean.
Speaking after the company signed an agreement yesterday with Parker Randall Malaysia, a worldwide organization of independent professional accounting firms and business advisers, he said that the alliance with Parker Randall would be the vehicle to provide complete end to end Information Technology (IT) solutions to small and medium enterprises (SMEs) across Asia.
“With the infusion of Parker Randall’s professional business consultancy, we are now able to provide enterprise solutions to SMEs with in-built tax planning, cost reduction measures, internal cost controls and executive information. This is salient to all businesses,” said Yeap.
Under the partnership agreement, YGL will provide the IT know-how, including providing pre-sales team, technical and implementation support, training, certification, technology transfer and other related support while Parker Randall will provide the operational aspects supporting the business from its global network.
Parker Randall managing partner Datuk Raymond Liew said the alliance would provide an opportunity for the company to broaden its reach to Greater China and Hong Kong.
“We need a strong local IT partner like YGL, as our clients, especially in the Asia Pacific region are interested in enterprise resource planning products,” he said.
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