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Cloudpoint Technology Berhad (Malaysia)

Main Activities: Software Publishers
Full name: Cloudpoint Technology Berhad Profile Updated: October 30, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

The Company was incorporated in Malaysia under the Act on 9 June 2021 as a private limited company under the name of Cloudpoint Technology Sdn Bhd. On 29 June 2022, we converted into a public limited company and adopted our present name.
The principal activity of the Company is investment holding. Through our subsidiary, Cloudpoint Solutions Sdn Bhd, we are principally engaged in the provision of IT solutions comprising enterprise and data centre networking, and cybersecurity solutions, professional IT services as well as cloud services and software applications. As at the LPD, we implement solutions and provide our services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries and other technology service providers in Malaysia.
Enterprise and data centre networking solutions are solutions that are used in enterprises’ offices and data centres to enable data transmission and connectivity. Meanwhile, cybersecurity solutions prevent cyber threats and attacks to IT infrastructures, including network infrastructure. Professional IT services are the maintenance and management of the network and the hardware utilised in the network infrastructure such as servers, switches and routers. Meanwhile, cloud solutions refer to scalable solutions delivered on a subscription basis and software applications refer to various software applications which enable IT services management and workflow automation.
As an IT solutions provider, we typically carry out the following services:
i) designing and proposing solutions that are tailored to customers’ IT environment, and business requirements and needs;
ii) providing project management, installation and system integration services to customers based on proposed solutions; and
iii) providing professional IT services, which involves maintenance and network monitoring services for the abovementioned solutions.
Acquisition by Cloudpoint of the entire equity interest of CSSB from the Promoters for a purchase consideration of RM15,650,304 which was wholly satisfied by the issuance of 425,279,999 new Shares at an issue price of RM0.0368 per share, which was completed on 3 February 2023
The Group is also committed towards the development of affordable housing such as Residensi Wilayah (previously known as RUMAWIP) and PPAM (previously known as PPA1M) to support the Government’s effort in providing affordable housing to all Malaysian citizens. Residensi Wilayah is an affordable housing programme, introduced by the Government, for middle income buyers born, residing and working in the Federal Territory of Kuala Lumpur. PPAM is an affordable housing scheme for civil servants. The affordable housing projects are either developed with the condominiums/serviced apartments under the same development order, or developed as standalone projects. The Residensi Wilayah and PPAM projects are undertaken through the Group’s own initiatives and does not involve Government awarded projects.
2003 - CSSB (then known as DDI Systems (M) Sdn Bhd) was founded by our Executive Director cum Chief Executive Officer, Choong Wai Hoong and another shareholder, Kuak Mee Ing.Commenced business in providing enterprise networking solutions as well as professional IT services.
2004 - CSSB was sold to Packet Systems Pte Ltd.
2009 - Secured first end-user customer in the financial services industry when secured a project to design and implement a network infrastructure for a financial institution’s data centre. Our Group also expanded its enterprise and data centre networking and cybersecurity solution offering as the project involved the design and implementation of WAN optimisation and application delivery solutions. Through the project, we ventured into offering cybersecurity solutions as we were engaged to design and implement firewalls, intrusion prevention system, secure web gateway and vulnerability scanning software.
2012 - Expanded cybersecurity solution offerings by securing first project to design and implement email security.
2015 - Expanded cybersecurity solution offerings by securing project to design and implement SIEM.
2016 - Expanded cybersecurity solution offerings to include DDoS protection tools. Expanded enterprise and data centre offerings to include IP telephony and collaboration tools.
Expanded enterprise and data centre offerings to include IP telephony and collaboration tools.
Enhanced professional IT service offerings to include network monitoring services
Set up NOC in headquarters.
2017 - Secured first customer in telecommunications industry. Through the project, we also expanded our cybersecurity solution offerings to include web application firewall and database security gateway.
Expanded cybersecurity solution offerings by securing project to design and implement endpoint protection platform, NAC and data loss prevention solutions
Granted Growth Partner of the Year from McAfee Corporation (now part of Trellix group of companies).
Granted Reseller of the Year Award (Central Region of Peninsular Malaysia) by Cisco Systems, Inc
2018 - Expanded enterprise and data centre networking solution offerings by securing project to design and implement software defined infrastructure solutions. This entailed the migration of conventional networkinfrastructure to a software-defined infrastructure.
Acquisition of CSSB by Era Jasakita (jointly owned by Choong Wai Hoong, Yew Choong Cheong (our Executive Director cum Sales Director), Soo Kit Teng (our Executive Director cum Financial Controller) and Soong Chee Hoe (our Head of Technical Services).
Granted Reseller of the Year Award (Central Region of Peninsular Malaysia) by Cisco Systems, Inc.
2019 - Granted Reseller of the Year Award (Central Region of Peninsular Malaysia) by Cisco Systems, Inc.
2021 - Expanded cybersecurity solution offering by securing project to design and implement SOAR, threat intelligence platform, cloud security and NDR solutions.
2022 - Launched cloud services and software application solutions
Recognised as Platinum Partner by Trellix group of companies, Gold Integrator (or commonly known as Gold Partner) by Cisco Systems, Inc., Gold Partner by Imperva, Inc., Silver Partner by Huawei Technologies Co. Ltd., and Silver Partner by F5, Inc.
Granted Reseller of the Year Award (Central Region of Peninsular Malaysia) by Cisco Systems, Inc
Granted the 2022 Huawei Malaysia Best Partner Award (Financial Service Institutions).
Secured first cloud services and sof tware applications project.

Headquarters
Unit J-6-13, Block J, Solaris Mont' Kiara, No. 2, Jalan Solaris, Mont' Kiara
Kuala Lumpur; Federal Territories; Postal Code: 50480

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Website: http://www.cloudpoint-technology.com/ page-top

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2021
Key Executives
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Chairman
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Chief Executive Officer
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Director/Member of the Board
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Director/Member of the Board
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Secretary
Ownership Details
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10.1%
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8.14%
Company Performance
Financial values in the chart are available after Cloudpoint Technology Berhad report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency MYR. Absolute financial data is included in the purchased report.
Net sales revenue
11.41%
Total operating revenue
11.89%
Operating profit (EBIT)
12.04%
EBITDA
14.76%
Net Profit (Loss) for the Period
21.55%
Total assets
-0.28%
Total equity
8.87%
Operating Profit Margin (ROS)
0.1%
Net Profit Margin
1.12%
Return on Equity (ROE)
1.25%
Debt to Equity Ratio
0.34%
Quick Ratio
0.14%
Cash Ratio
-0.66%

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