Malaysia’s leading independent design, innovation and technology firm, VLT has acquired the Singapore-based Tinkerbox Studios in order to establish a strong presence in South East Asia.
“Tinkerbox is no stranger to VLT, as we have collaborated on a number of projects in the past four years and it is no surprise that we have since decided to acquire Tinkerbox for its stellar record in innovation and technology. By bringing together the strengths of the VLT and Tinkerbox Studios, we have now solidified our capabilities to build, innovate and deliver digital products in the region, which will also strengthen our competitive marketplace positioning,” stated Adrian Lim, CEO of VLT.
Despite impacting some of the world’s biggest brands such as BMW, Citibank, Sony and so much more, VLT champions and invests in startups, incubating entrepreneurs to SEA and beyond.
Having established its name in the digital scene, VLT has made a major shift from a digital agency to one that focuses on developing and innovating digital products for businesses across various industries from startups to corporations. Therefore, the acquisition of the established design and development studio, Tinkerbox, is a timely synergy in line with its plans.
Founded in 2007 by Jaryl Sim, Kelvin Tham and Clarence Chew, Tinkerbox was unveiled as the top ten best technology companies to work for in Singapore, alongside corporate giants such as IBM and Accenture at the Tech3 Forum 2017. Tinkerbox Studios has also been named the top 25 most promising Agile providers by APAC CIO Outlook in 2017.
Speaking of the new venture, Jaryl, founder of Tinkerbox stated that this partnership was entered into so as to meet a rising demand in the market for building technologically sophisticated products and launching them in challenging and competitive markets.
“Digital product design has huge opportunities and demand in the region. VLT and Tinkerbox has both the track record and technological expertise to facilitate this need”, Jaryl added.
Clarence, who played a key role in building this partnership, further mentioned that the partnership would be key in spurring further innovation and technology requirements for digital in brands, businesses and startups in Asia.
“We are excited to have both Jaryl and Clarence onboard with us. With stellar performance of previous work such as Citibank, Astro and Ricoh, we are now ready to serve and partner with corporations in the region to deliver digital services and experiences in South East Asia,” added Lim.