Kuala Lumpur/Singapore, 21 June 2017 – Kronologi Asia Berhad (“Kronologi” or “the Group”) said today it will partner Singapore Technologies Electronics Limited (ST Electronics) to expand in Hong Kong as part of its strategy to deliver transnational (cross border) data backup solutions. Hong Kong will be the second physical point of presence after Singapore for Kronologi – listed on Malaysia’s ACE market – which is catering to the growing demand in Asia for data storage and protection solutions.
Kronologi will invest up to US$2.35 million (RM10 million) in new equipment to be installed at an ST Electronics' existing data centre in Hong Kong. With this partnership, ST Electronics will be able to extend Kronologi’s data storage and protection services to its customers.
The Group is in advanced discussions with several potential customers and expects to roll out its services in Hong Kong in the second half of 2017. Through its Kronicles brand, Kronologi helps regional small and medium enterprises backup and protect their data. It uses a hybrid architecture (on-site appliances and over the cloud) to help businesses mitigate risks to their digital assets arising from disasters, ransomware and other events.
The collaboration with ST Electronics follows Kronologi’s announcement in April that it would set up transnational infrastructure to offer clients the option of having more than one physical location or country for data backup.
Demand for data backup is being driven by the proliferation of data such as emails, staff and business records, legal documents and more, which companies must safeguard as part of efforts to ensure business continuity and compliance. As recent events have demonstrated, a safeguard against ransomware is also critical for business continuity.
“I am honoured to have ST Electronics as our strategic partner in Hong Kong. This partnership is the first part of our plan that will enable us to deliver a unique proposition to allow our customers the option to choose to protect their assets in Singapore and/or Hong Kong. We believe this strategic partnership will provide a win-win opportunity as we build on the core competencies of both organisations,” said Mr Philip Teo, Kronologi’s Acting Chief Executive Officer.
“The collaboration with Kronologi signifies our commitment in strengthening our global offerings. Hong Kong has a large pool of professionals in infocomm technology. Coupled with great connectivity to many locations in Asia, it is the ideal location for us to meet our clients’ growing needs for enhanced data storage and protection services,” said Mr Ravinder Singh, President of ST Electronics.
The Kronicles service is powered by Quantum Corporation (NYSE: QTM), a leading expert in scale-out tiered storage, archive and data protection. Incorporating flash, disk, object storage and tape, Quantum provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle, both on-premise and in the cloud.
Mr Bill Britts, Senior Vice President, Worldwide Sales and Marketing, Quantum, said, “Quantum congratulates Kronologi for realising its vision of transnational data protection with the launch of the Hong Kong data center. We look forward to supporting this expansion and continuing to bring the benefits of Quantum’s best-in-class data protection technology to Kronologi’s customers so they can meet the ongoing challenges of ever-growing data volumes and new threats such as ransomware.”
About Kronologi Asia Berhad
Listed on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”) since 2014, Kronologi, a regional enterprise data management (“EDM”) solutions provider provides both on-site and off-site data storage solutions. Kronologi and its subsidiaries specialise in data assurance and protection to ensure business continuity for their clients.
The Group delivers its solutions via its EDM infrastructure technology and EDM managed services division. Its main operating subsidiary is Quantum Storage (South Asia) Pte. Ltd.
The Group operates in Malaysia, Singapore, Thailand, the Philippines, Indonesia, India and other markets.
About ST Electronics
ST Electronics (Singapore Technologies Electronics Limited) is the electronics arm of Singapore Technologies Engineering Ltd, one of the largest public-listed companies on the Singapore Stock Exchange. ST Electronics is a global engineering company specialising in the design, development and integration of advanced electronics and communications systems. Our capabilities are in Rail & Intelligent Transportation; Satellite & Broadband Communications; Info Comm Technologies; Command & Control operations, Training & Simulation; Intelligent Building & Security Systems and Cybersecurity. We have a presence in over 20 countries spanning North America, Latin America, Europe, Africa, the Middle East, China, India and Southeast Asia. For more information, please visit www.stee.stengg.com.
Quantum is a leading expert in scale-out tiered storage, archive and data protection, providing solutions for capturing, sharing and preserving digital assets over the entire data lifecycle. From small businesses to major enterprises, more than 100,000 customers have trusted Quantum to address their most demanding data workflow challenges. Quantum’s end-to-end, tiered storage foundation enables customers to maximize the value of their data by making it accessible whenever and wherever needed, retaining it indefinitely and reducing total cost and complexity. See how at www.quantum.com/customerstories.
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