GD EX­PRESS TAKES 30% STAKE IN PE­NANG-BASED SOFT­WARE FIRM

The Sun (Malaysia) - - SUNBIZ -

PE­TAL­ING JAYA: GD Ex­press Car­rier Bhd is buy­ing a 30% stake in Web Bytes Sdn Bhd for RM5.5 mil­lion.GD Ex­press en­tered into a share pur­chase agree­ment with Teak Ven­tures Sdn Bhd for the ac­qui­si­tion. Web Bytes, a Pe­nang-based soft­ware so­lu­tion de­vel­op­ment com­pany, spe­cialises in the pro­vi­sion of re­tail man­age­ment so­lu­tion on the cloud to re­tail en­ter­prises. Its prod­uct is de­liv­ered un­der the flag­ship prod­uct brand called Xil­nex. GD Ex­press and Web Bytes will ex­plore syn­er­gies, in­clud­ing co-de­vel­op­ing so­lu­tions.

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