Straits Energy Resources Berhad announced that Straits CommNet Solutions Sdn Bhd, an indirect subsidiary of the Company, has signed a Memorandum of Agreement with Digital One Solutions Limited to explore a potential joint venture in the regional cloud computing industry.
Under the MoA, SCS and D1 will begin exclusive talks to collaborate and form a joint venture company to participate in cloud technology and computing business opportunities in Malaysia and across the region.
Based in Hong Kong, D1 specialises in supporting enterprises with digital transformation, cloud migration, cloud managed services, cloud security solutions, cloud Well-Architected and DevOps. In addition, D1 provides end-to-end, 24×7 support for clients migrating to different leading cloud platforms, ensuring these businesses are constantly up and running.
SCS is mainly involved in the telecommunication and digital technology sectors, driving digital transformation for various industries through Smart Technologies and the Internet of Things (“loT”), as well as the integration of advanced technology solutions, operations and services. Within the cloud technology and computing market, SCS provides a wide range of services including servers, storage, databases, networking, software, analytics, and intelligence over the internet, as well as virtualization services for the 4G and 5G network rollout.
SCS is a 70% owned subsidiary of Straits Technology Solutions Sdn Bhd, while Straits Technology Solutions Sdn Bhd is a 75% owned subsidiary of Strait
