The best Side of fusionex
The best Side of fusionex
Blog Article
It is a stunning slide, without parallel in Malaysia’s tech heritage. A lot more so, as Ivan could be the closest point to becoming the golden boy for Malaysian tech, developing a firm to contend while in the company tech Area against world-wide tech gamers.
This bundled a discussion by using a previous senior government who tried to persuade me not to write down with regard to the issue.
But a clear picture emerges from the unusually specific winding up petition filed by Hitachi, viewed by DNA, where by Hitachi chronologically lists a series of steps by Ivan and his leadership staff in excess of a 15-month period that is definitely sweeping and spectacular in scope, outlining flimsy excuses, non transparency and non-cooperation with Hitachi.
Ahead of my getting access to the Hitachi winding up petition papers, I had expended Nearly two weeks asking field gamers, present-day and previous Fusionex team about what might have absent wrong but with hardly any gentle on what might have induced this drastic determination by Hitachi.
It remains for being observed if Ivan will come out and defend himself and his name towards the harming contents of Hitachi’s petition. Any future he hopes to get of nonetheless remaining a important Element of Malaysia’s tech ecosystem will rely upon this.
The purpose was to improve, get hold of and secure new customer bases, systems and expertise utilising the methods that Fusionex experienced cultivated while in the Asian region.
An ecosystem leader aware of the contents of Hitachi’s winding up petition did not mince his impression on the alleged behaviour by Ivan and his Management group.
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Additionally, all facts referring to the continuity from the Fusionex functions and company wasn't shared ahead of or handed about during their departure,” mentioned the documents.
While in the early times of Fusionex, Teh wore multiple hats, handling almost everything from coding software to business pitching. His determination was apparent as he worked 18 hours a day, usually seven days per week, for approximately eight to nine months.
For Teh, the principle driver for such transfer is his belief that Fusionex has actually been undervalued for some time in the marketplace.
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“The previous senior administration departed the company immediately with no method of handover of your management as well as the operations.
It was not merely the motion to end up, even so the information that Ivan and many of his Management crew Give up their Work opportunities abruptly with no serving due observe read and did not execute their Skilled and fiduciary obligations with a correct handover of obtain and documents.