Century Software buys majority stake in Netsense Business Solutions
Date: 2019-05-18   Author: Saipriya Iyer  Category: #news

Century Software buys majority stake in Netsense Business Solutions

Century Software has a long-term collaboration with Acumatica Inc.

The subsidiary of Censof Holdings Bhd, Century Software (M) Sdn Bhd has reportedly announced that it has signed a share sale and purchase agreement to acquire 51 percent stake in Netsense Business Solutions Pte Ltd., a Singapore-registered enterprise software applications and service provider.

Reportedly, Century Software will increase its strategic footprint in commercial market and its product portfolio while supporting the growth strategy especially in cloud ERP segment.

Netsense Business Solutions provides widest range of business solutions, including intermediate accounting software, Acumatica cloud ERP software, CRM, payroll, HR solutions, project management, customized dashboards, mobile apps, e-commerce solutions and business intelligence tools. Century Software has a long-term collaboration with Acumatica Inc.

Ameer Bin Shaik Mydin, Managing Director, Censof Group, reportedly stated that the investment in Netsense Business Solutions is a logical step to meet the growing expectations of clients in the cloud ERP sector as Netsense aligns well with the strategy of Century Software to grow cloud and software business.

Abdul Rehman, Director, Business Development, Netsense, reportedly noted that SMEs are key to reinforce productivity, deliver inclusive growth and adapt to major transformations of time, and all these can be achieved through the innovation business solutions of the company. It is essential for SMEs to adopt digital revolution rapidly to enhance growth, he further added.

For the record, Netsense Business Solution, headquartered in Massachusetts, is the fastest growing ERP software provider in Singapore enterprise market. The company has offices in Kuala Lumpur, Jakarta and Singapore. The company helps around 90 reputable clients across Singapore and Malaysia. Netsense offers IT consulting and software services to more than 15 industry verticals.

For the uninitiated, Censof Holdings Berhad, founded in the year 2008, is an investment holding company which offers its services across Hong Kong, Singapore, Indonesia and Malaysia. The company was listed on the Main Market of Bursa Malaysia in the year 2011.

 

Source credit: http://theindependent.sg/malaysian-software-company-acquires-majority-stake-in-erp-software-provider/

https://censof.com/news/



About Author


Saipriya Iyer

Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

Read More

More from Saipriya


Post Recommendents

Abu Dhabi tech startup Bayzat raises US $16Mn in Series B funding
Author: Paroma Bhattacharya

The business world has been experiencing rapid changes driven by one major factor-Technology. As new-age technologies are all set to advance businesses, the need to upskill human resource is of paramount importance. Nu...


CTS presents Intelligent Transport Management Technologies at ITS 2019
Author: Saipriya Iyer

The rapidly expanding global population is further leading to rapid urbanization, which has raised many critical issues, including road safety problems and increasing congestion on the road. The growing need for sustai...


Freshworks looks for a fresh funding round to aim at $3 Bn valuation
Author: Saipriya Iyer

As per NASSCOM, India’s software as a service (SaaS) industry is slated to grow 36 percent annually and reach $3.3-$3.4 billion by 2022. Cheaper workforce, mature sales ecosystem, abundant talent and adoption of ...