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Saturday, November 14, 2009

Persoft Tower to be developed into MSC Malaysia Cybercentre

PERSOFT Corp Sdn Bhd is budgeting some RM6 million to develop the recently acquired RM42 million Persoft Tower, currently known as Menara Luxor in Persiaran Tropicana, Petaling Jaya, into an MSC Malaysia Cybercentre.

Its director, Shaiful Annuar Ahmad Shaffie, said the company will use RM4.5 million to enhance the building infrastructure and the remaining RM1.5 million for the interior and exterior of the premises.

"This upgrading will be carried out in two phases. We hope to complete the first phase within six months from now and second phase between 10 and 24 months," he told reporters at a briefing on the development of Persoft Tower as an MSC Malaysia Cybercentre in Petaling Jaya yesterday.

Persoft Properties Sdn Bhd, a wholly-owned subsidiary of Persoft Corp, received approval for Persoft Tower to be developed into MSC Malaysia Cybercentre from Ministry of Science, Technology and Innovation last Monday.
On the award of the MSC Malaysia Cybercentre status to Persoft Tower, Shaiful Annuar said Persoft is the first privately-owned information technology (IT) company to be given such recognition.

On its investment so far, Shaiful Annuar said the company spent RM36 million to buy the Menara Luxor, which is current valued at RM42 million.

"We expect to register significant jump in revenue once the upgrading exercise for the MSC Malaysia Cybercentre-status for Persoft Tower completed in 2011.

"To date, our revenue stands at RM70 million. Last year, we register a revenue of RM98.2 million, but we are not expecting to exceed or record the same amount for this year and 2010," he said.

Key tenants at Persoft Tower include Affiliated Computer Services Malaysia Sdn Bhd, Motorola Electronics Sdn Bhd, My Campus (MSC) Sdn Bhd, and Persoft Services Sdn Bhd as well as two incubator tenants - Designel Media Sdn Bhd and Xanadu Solutions Sdn Bhd.

By Business Times (by Kamarul Yunus)

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