`Malaysian market vital to Infor's growth strategy in Asia Pacific' [Business Times (Malaysia)]
(Business Times (Malaysia) Via Acquire Media NewsEdge) KUALA LUMPUR: Infor Global Solutions Inc, a global enterprising software solutions provider, is banking on the local market to double its revenue in the Asian Pacific region by 2016.
Infor Asia Pacific president Tim Moylan said Malaysia, being a key market for the company, is now its the second-biggest revenue contributor in the Asean region.
The revenue is driven largely by the business software sector, which is relatively mature compared to other markets in Asia.
"Malaysia plays an important part in our strategy to double our revenue in the Asia Pacific over the next three years," Moylan told Business Times via email recently.
"Asean is our highest revenue generating region in Asia Pacific and Malaysia is a key part of revenue contribution and growth, being the second highest earner in Asean."
To achieve the target, Infor is tracking to deliver more than 300 new products and 11,000 new features, which is an increase of approximately 150 and 100 per cent, respectively, from record-levels reached in 2012.
It currently offers a wide range of industry-specific applications designed for enterprise resource planning (ERP), customer relationship management, and human capital management, to name a few.
Moylan said the ERP is the company's best-selling product, with Malaysia being its third-highest revenue generator in Asia Pacific.
"Infor ERP can be implemented faster and with fewer customisations, helping Malaysian companies get up-to-speed quickly and increase competitiveness on a global scale," he said.
The company, which has some 100 employees in the country, also plans to grow its workforce as part of its effort to enhance its business operations locally and the region.
"Malaysia has all the 'ingredients' to help drive a successful growth strategy and that the company is committed to growth in this strategic market. It has the infrastructure, talented resource pool, as well as other strong political and economic attributes," he said.
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