Thursday, January 4, 2018

Innov8tif Completes Real IT Acquisition, Strengthening Southeast Asian Market Presence

SINGAPORE – Innov8tif Solutions Sdn. Bhd. today completed its acquisition of the operating business of Real IT Consultancy & Services Pte Ltd – an Accredited Partner of Joget Workflow for the Singapore’s market.

As part of the acquisition process, Real IT has also been renamed to Innov8tif Solutions Pte Ltd. ACRA registration number of the UEN (unique entity number) remains unchanged.

Innov8tif combines this asset with its existing Joget Workflow distribution business to strengthen its position in Southeast Asian market, along with its new joint venture in Jakarta.

All existing customers of Real IT will be seamlessly served and supported by Innov8tif. The two major shareholders and founders of Innov8tif are former co-founders of Joget Workflow, and Innov8tif has accumulated Joget Workflow implementation and consultancy track records since Innov8tif’s inception in year 2011. Today, Innov8tif is equipped with JOGS (Joget Global Specialists) team to serve regional partners and clientele.

George Lee, CEO of Innov8tif, said, “The close of this acquisition represents a significant step in growing the regional scale needed for our software business in the arena of business process digitization. Through this acquisition, we can also expand the reach of our e-KYC solution into one of the most exciting fintech markets.”

George Lee is also leading efforts to expand Innov8tif’s market reach in the largest Southeast Asian economy – Indonesia, through a new joint-venture as PT. Innov8tif Karta Solusi.

Besides Joget Workflow, Innov8tif is also the regional partner of Microblink Ltd. for cutting-edge mobile OCR (optical character recognition) technology, and a partner of Megvii Technology Limited for world-renowned facial recognition API seen in Alipay. Combined with Innov8tif’s e-KYC (know your customer) process, these components form a strategic alliance that is key to today’s and tomorrow’s digital banking experience. Kenwei Lim the CTO and Nathan Cheong the in-house researcher, are driving technology roadmap of Innov8tif’s e-KYC offerings.

As we have just entered a new year – 2018, Innov8tif wishes its customers and partners, abundance of blessings and joy.

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