DNeX bags RM59m project from govt


DAGANG NeXchange Bhd (DNeX) has bagged an information and communication technology maintenance project worth RM59.36 million from the Accountant General’s Department of Malaysia.

In a statement issued last week, DNeX said its 60%-owned subsidiary, Innovation Associates Consulting Sdn Bhd (IAC), had been awarded with the one-year contract, starting from Aug 10, 2018, to Aug 9, 2019.

Under the project, DNeX will be responsible for maintenance of hardware, software and network equipment of the Government Financial and Management Accounting System, an accrual accounting shared services implementation.

IAC is one of the two leading consulting and accounting system services companies acquired by DNeX earlier in January this year.

DNeX, through its wholly owned subsidiary, Dagang Net Technologies Sdn Bhd, has acquired a 51% equity interest in Genaxis Sdn Bhd for RM10 million. This acquisition gives Dagang Net a direct equity interest of 60% in IAC.

“We are grateful to be given the opportunity to undertake the implementation of this project and are committed to deliver its set requirements,” DNeX chairman and Dagang Net executive chairman Datuk Samsul Husin said.