Saturday 14 Sep 2024
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KUALA LUMPUR (June 24): IT services firm Systech Bhd (KL:SYSTECH) said on Monday that it plans to develop and operate data centres, together with a  firm offering industrial-grade servers and storage solutions.

Under the partnership with Eh Integrated Systems Sdn Bhd (EISSB), Systech said it will develop essential applications and software for data centre operations, including design, coding, testing and deployment.

The two-year agreement has no fixed-value, as the terms depend on the revenue generated, added Systech in a bourse filing on Monday.

The company said that EISSB, on its part, will procure the necessary equipment and infrastructure for the joint venture, which encompasses graphics processing units, servers, storage systems, networking equipment, cooling systems and power supply units. Additionally, EISSB commits to offering technical support, training and resources.  

Systech’s shares closed 1.12% lower at 44 sen on Monday, valuing the company at RM282.76 million.

Edited ByS Kanagaraju
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