IT Services

Medinex makes $1.2 mil acquisition of business support services firm

SINGAPORE (May 8): Medinex Limited is acquiring full ownership of SKI Corporate Services and SKI Consultancy, collectively known as the SKI Group, for a total consideration of $1.2 million.

The SKI Group provides business support services such as accounting, tax and corporate secretarial services to clients mainly in the IT advertising industries, which Medinex claims not to have a strong foothold in.

S i2i posts more than fourfold decline in 3Q earnings

SINGAPORE (Oct 30): S i2i, the telecom and IT service provider formerly known as Spice i2i, saw 3Q ended Sept earnings decline more than fourfold to $114,000 from $464,000 in 3Q16 on higher overheads and lower other operating income.

Turnover for the quarter grew 14% to $90 million from $78.9 million a year ago as distribution of operator products and services in Indonesia continued to grow during 3Q17, together with revenue from ICT distribution and managed services.

After Procurri and Acclivis, there is still Beacon, Corous 360 and vCargo Cloud for this company

SINGAPORE (Oct 17): DeClout has proven its expertise in growing and spinning off tech companies since its 2012 Catalist listing, according to a unrated report by Maybank Kim Eng.

The company’s biggest success has been the July listing of Procurri – an IT hardware distribution business – on the Singapore Exchange Mainboard, according to analyst Jonathan Cheong.

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