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Category: Fusionex

Fusionex Founder Follows Unique Funding Path

Ivan Teh and his firm Fusionex International, offer an usual and highly successful path in reaching the heights in the cumulative growth rate since its launch in 2006.

Selangor MY, Malaysia – July 10, 2018 /MarketersMedia/ —

Fusionex International and Fusionex founder are pleased to announce that the AIM-listed big data company began in 2006 with little more than the efforts and vision of Teh, and has achieved an astounding 1,000 percent cumulative growth rate in the ensuing years. Perhaps even more notable is the fact that Fusionex used no angel funding or venture capital sources. The only source of funding was cash from satisfied customers and clients. During the initial six months following the launch, Ivan typically put in eighteen-hour workdays to identify customer needs, as well as to build effective software platforms.

fusionex founder

In a recent discussion with an interviewer, the Managing Director explained, “I was resolved to provide my customers a solution which could be easily utilized in order to make sense of their masses of data. It is easy to become confused when looking at the many big data options available. Most companies don’t want to do the work required, and may not have the necessary skill sets to do the job. This was my starting point.”

“If you have tried to do the work of solving complex problems while making the solutions easy to use, you will understand the difficulty of the task I set for myself. I did everything from preparing the templates to coding the software to completing documentation” he says. “The positive aspect of that experience was the intensity and challenge of the period. I never was bored.”

In December 2012, Fuxionex was listed on London’s Alternative Investment Market (AIM). During the pre-IPO contact period, an overwhelming 38 of the 50 institutional investors who were approached came on board. Fusionex had US$62.8 committed to it, with the IPO offer oversubscribed by 300 percent. Ivan made the decision to take only US$18.9 million, which gave the firm immense credibility. There were no selling shareholders on the company’s IPO. http://www.klkntv.com/story/38616519/fusionex-founder-follows-unique-funding-path

Fusionex Founder Ivan Teh Featured In Forbes

Fusionex International is pleased to announce that founder Ivan Teh has been recognized by Forbes as a key figure in the Malaysian Big Data World. The Fusionex founder and Managing Director are linked to an ASEAN-based software group, which provides solutions to firms opening up to digital transformation, in order to compete effectively in the global marketplace. Ivan Teh is well-acquainted with the struggles and difficulties associated with the start-up scene. Founders may be unable to pay themselves for many months and must work around the clock to beat the statistics.

Thanks to Teh’s perseverance, Fusionex today is reaping the benefits of creating its own software solutions. The main focus of the company is Big Data Analytics (BDA) and the Internet of Things (IoT). BDA uses advanced software coupled with massive computing power. The software examines data of various types in order to determine real patterns, associations, and trends. IoT provides sensors which have connectivity across networks, permitting them to collect data and exchange it.

Ivan Teh

According to Teh, speaking in an interview recently, “I understood what the market required in BDA and IoT, thanks to my previous experience working in multinational firms. There was a huge wave of data building up from the past few years, and effective methods of utilizing the data were needed. Through repeated attempts at solutions development and many long days, I was able to secure paying customers. My role in the company originally encompassed everything from administrative and managerial tasks to coding.”

The expectations for the use of BDA and IoT are promising ones. By 2019, the BDA market is expected to reach US$187 billion, while the IoT market will expand to US$1.7 trillion by 2020. Fusionex is positioned to capture a large portion of this market, particularly among the ASEAN nations.

Fusionex already has big-name clients using its software. Companies such as Hewlett-Packard, Daimler, Volkswagen, the Royal Bank of Scotland, United Overseas Bank, CIMB Group, MetLife and Starwood Hotels and Resorts as well as AirAsia, Kasikornbank and Resorts World are but a few examples. In fact, Fusionex, which is listed on the London Stock Exchange’s Alternative Investment Market (AIM), has the distinction of competing with the likes of IBM, Oracle, and SAP. http://www.nbcrightnow.com/story/38616520/fusionex-founder-ivan-teh-featured-in-forbes

SME FORYOU: Using data tech to Keep SMEs Ahead of Competition

Leading data technology specialist Fusionex released its revolutionary platform called SME FORYOU, during the International Retail and Franchise (MIRF) 2018 Exhibition at the Kuala Lumpur Convention Centre (KLCC). Designed for small and medium enterprises (SMEs) in the region, the user-friendly platform is aimed at encouraging SMEs to adopt Big Data Analytics (BDA) and kick-starting their e-commerce plans, to enable them to promote their brands and products to the local and international market.

SME FORYOU will help SMEs to fast-track overall sales, acquire new customers while increasing the rate of repeat transactions. The platform connects businesses online by exposing them across local and international marketplaces, granting them access to a ready database of more than 8 million customers.

Ivan Teh

The SME FORYOU platform received positive feedback at the MIRF event. Via the platform, SMEs can expand their market across more than 8 million captive audiences, focus on their brand and engage with customers anytime, anywhere, and anyhow. Even some of the established major companies have adopted Fusionex’s FORYOU platform including banks, insurances companies and chain outlets, alongside a host of other SMEs that operate convenience stores, restaurants, travel agents, optical stores and many more.

Fusionex Founder and Group CEO Dato’ Seri Ivan Teh commented, “Fusionex has helped a multitude of companies embrace Analytics and Big Data, working with them in their digital transformation journey towards becoming an effective data driven organization. One of our missions is to see SMEs in this region grow and scale. This is possible by harnessing the power of Big Data.”

He continued by stating that, “We want to do our part in enabling SMEs to grow beyond national borders. The Fusionex powered SME FORYOU platform comes equipped with a host of features and benefits for its users, but a key focus is to help prioritize SMEs’ needs to be quickly and effectively equipped with e-commerce capabilities and borderless trading.”

Fusionex Founder & Group CEO Dato’ Seri Ivan Teh, together with Malaysia’s Domestic Trade & Consumer Affairs Minister Dato’ Saifuddin Nasution Ismail, alongside a number of distinguished guests and the media witnessed the launch of SME FORYOU at the MIRF Exhibition 2018.

Another highlight for the event was a donation being made to the Malaysian Red Crescent Society (MRCS) for the Penang flood relief efforts. Through a charity drive made up of several events, PIKOM raised RM20,000, where the amount was matched by Fusionex with an additional RM20,000, making it a total of RM40,000 donated to MRCS.

For more info on Ivan Teh: https://enterpriseasia.org/apea/malaysia/awards/my-2014/ivan-teh/

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