DNeX bags RM88 million ICT contract from MoF


Dagang NeXchange Berhad’s (DNeX), through business unit Innovation Associates Consulting Sdn Bhd (iAC) has received an information and communication technology (ICT) contract from the Ministry of Finance (MoF).

The group noted that the contract is worth RM88 million and for a duration of 45 months.  

Under the contract, iAC will be responsible for the maintenance, support services and application improvement of the integrated government financial and management system (iGFMAS).

DNeX Group MD Tan Sri Syed Zainal Abidin Syed Mohamed Tahir said the contract is a testament to the group’s commitment and ability to deliver effective digital solutions to the public sector.

He added that it augurs well for the group’s aspiration to be a leading provider of technology consulting and systems integration in the country and globally.

“As a digital solutions provider, we continuously seek opportunities to help customers, either in the public or private sector, enhance operational efficiency and increase their customer experience by strengthening their digital reach.  

“We will be with customers in their digital transformation journey to provide the biggest impact for their operations and business,” he said in a statement.

He also thanked the government and the MoF for the opportunity, adding that the group is pleased to receive the contract.

Backed by more than 200 experienced SAP consultants, iAC is a leading consulting firm that has completed more than 100 projects in the public and private sectors.  

The company was the contractor for the iGFMAS project.

iAC aims to be a trusted partner in the digitalisation drive of every company and organisation that focuses on enhancing customer and stakeholder experience at every touchpoint.  

The company’s key areas of services include Next Generation Enterprise Application, Cloud Computing and Migration services, Consulting and Digital Transformation, as well as Application Development and Innovation towards providing customised solutions for technology refresh, system integration as well as end-to-end enterprise-wide digital transformation.

At close yesterday, shares of DNeX ended one sen or 1.21% lower at RM0.82, valuing the group at RM2.48 billion.  

Dayang Norazhar

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