“Our partnership with Mirai Souzou will attract investors, local and international, as it eases the fetching of analysis and financial information from the commission.”
ADILLAH ABU SAMAH, Raffcomm Sdn Bhd chief information officer
INFORMATION technology company Raffcomm Sdn Bhd will move to data analytics from digitalisation of data for companies registered under the Companies Commission of Malaysia (SSM).
This follows its partnership with Japan’s Mirai Souzou, which is expected to enhance the former ’s capabilities in providing detailed analyses of companies’ data in SSM’s e-Info Services.
Raffcomm is the service and technology provider for SSM.
“The business expansion will facilitate the ease of doing business among companies registered with SSM within their own sectors or in comparison with other industries,” said Raffcomm chief information officer Adillah Abu Samah recently.
“Our partnership with Mirai Souzou will attract investors, local and international, as it eases the fetching of analysis and financial information from the commission.”
He said while the company was in the business of data, it could now do predictive measures based on companies’ data under SSM, which includes credit standings, financial reporting, market access, economic trends and company profiling.
The company had, in 2006, started a project to digitise the data of companies registered under SSM so as to enable easy access of information via the Internet.
Raffcomm has access to the data of 1.24 million companies and 6.76 million businesses registered with SSM, with 1.238 million being local companies, as at October 31.
To date, Raffcomm has 724,105 subscribers.
Raffcomm Technologies director Datuk Rosthman Ibrahim said Raffcomm’s partnership with Mirai Souzou, its first with a foreign party, was the next step on the road to its planned listing, targeted in the next three years.
“We are in talks with Mirai Souzou on acquiring a stake in Raffcomm for the purpose of listing, but it is still at an early stage and we have not decided on the quantum.”
Raffcomm Technologies is a wholly-owned subsidiary of Raffcomm.
Rosthman said there were also plans to list Raffcomm Technologies on Bursa Malaysia’s Leading Entrepreneur Accelerator Platform (LEAP).
“The plan to list Raffcomm Technologies on LEAP is on track and we expect it to finalise by the first half of next year.”
Mirai Souzou chief executive officer Hiroyuki Okada said the company decided to partner and invest in Raffcomm due to its track record and bright prospects.
“We feel that it is time for us to bring our expertise to Malaysia, and also help investors, especially from Japan, find potential businesses here. This is also our first partnership with a Malaysian company,” he said.
Okada said apart from investing in funds, the company would like to introduce new technologies into Malaysia.