Expanding Hitachi Sunway Infrastructure Managed Services Business Portfolio with a Target of Securing Three Key Customers in Southeast Asia Synergistically
KUALA LUMPUR, MALAYSIA, NOVEMBER 15, 2013 – Hitachi Sunway Information Systems Sdn. Bhd (“Hitachi Sunway”), a leading IT services and solutions provider in Southeast Asia (SEA), today announces its partnership with Galasys Technologies Sdn Bhd (‘Galasys’), Asia’s leading integrated ticketing solutions provider, offering one-stop integrated ticketing, admission control and point-of-sale solutions in China and Southeast Asia.
According to Group CEO and Director of Hitachi Sunway, Cheah Kok Hoong, this is a strategic partnership for the company to expand one of its three core business lines - the Infrastructure & Managed Services (IMS) portfolio that focuses on the provisioning of systems integration, virtualization and IT related outsourcing services.
“Under this agreement, we will bundle and distribute Galasys’ integrated ticketing solutions with our existing IMS services offering targeting new business opportunities under the amusement and theme park market,” says Cheah.
Established in 2005 in Suzhou China, , Galasys is currently headquartered in Hong Kong as one of the fastest growing Asian companies in the business of providing integrated ticketing, admission control and point-of-sales solutions for amusement parks, including water parks, theme parks, zoos, stadiums, attractions, etc.
Galasys’ CEO and founder, Sean Seah shares, “Galasys is planning to be an initial public offering (IPO) on AIM, London Stock Exchange Board in 1st half of 2014. Thus, we are aggressively expanding our business in Asia to achieve at least 50 percent year-on-year growth in revenue. Therefore, it is only a natural fit for us to work with Hitachi Sunway, which already has established business networks in this region.”
Tapping on the Booming Theme Park Market in Southeast Asia
According to Global Industry Analysts, Inc, the global theme parks market is growing healthily and is expected to reach close to RM100 billion (US$32 billion) by 2017. Cheah shares, “In Southeast Asia, the rapid growth of the middle classes is de-facto and phenomenal to drive huge investments into the amusement and theme park market.”
“We see several major amusement, theme park and leisure platform constructions on-going, including in Singapore, Vietnam and Malaysia, to capture this new market for family entertainment / leisure raised from the middle classes. Partnering with Galasys will help us to make greater inroads into this booming sector.”
“Capitalizing on Galasys’ track records in the amusement and theme park industry, we are aiming to secure three to four strategic customers to boost Hitachi Sunway’s IMS business line, which is expected to contribute a total of 25% of the Groups’ total annual revenue,” says Cheah.
Today, Galasys has over 20 customers in the amusement and theme park business with over 50 amusment sites in Asia. Some of its reputable clients include the two largest theme parks in China (Guangzhou Chime-Long and OCT Happy Valley), Beijing Forbidden City, Melaka Zoo among many others.
Sean further added, “In 2012 alone, Galasys’ ticketing systems recorded over 80 million tickets printed and this clearly shows the activeness of the amusement and theme park business in the Asia region.”
“Through this partnership, Galasys is able to actively position its ticketing solution to the market while Hitachi Sunway will handle the systems implementation portion. This agreement is definitely synergistic and a win-win business situation for both companies,” ends Sean.
This partnership also allows Hitachi Sunway to sell Galasys’ unique biometric- enabled staff attendance management systems and visitor access management systems.
