Century Software to Acquire A Majority Stake in Singapore Based ERP Software Provider

PETALING JAYA, May 16 (Bernama) — Century Software (M) Sdn Bhd, a wholly-owned subsidiary of Censof Holdings Berhad is pleased to announce that it had entered into a Share Sale and Purchase agreement to acquire 51% stake in a Singapore-registered enterprise software applications and services provider, Netsense Business Solutions Pte Ltd. This timely move will help Century Software to expand its strategic footprint to the commercial market and its product  portfolio while underpinning the growth strategy especially in its cloud ERP business.

Founded in 2013, Netsense Business Solutions is the fastest growing ERP software provider in the Singapore enterprise market, and currently has offices in Singapore, Kuala Lumpur and Jakarta. The company currently supports around 90 reputable clients across Singapore and in Malaysia. Netsense provides software and IT consulting services to more than 15 industry verticals.

Netsense Business Solutions offers the widest array of business solutions ranging from Acumatica Cloud ERP Software, Intermediate Accounting Software, CRM, HR Solutions, Payroll, Project Management, Business Intelligence Tools, Customised Dashboards, Mobile Apps and e-Commerce Solutions.

Acumatica is the fastest-growing provider of Cloud ERP software that is feature rich with seamless integration. Built on the world’s best cloud and mobile technology, it’s adaptable and integrated applications deliver modern solutions for ERP. Cloud-based ERP systems are becoming more relevant for SMEs in recent years, due mainly to the possibility of getting started at a low cost and a small scale. Many SMEs adopt information technology solutions, such as ERP systems, to efficiently manage their business processes and to collaborate with suppliers, partners, and customers. Therefore, the successful adoption and deployment of ERP systems are crucial for the competitiveness and survival of these organizations.

Censof Group Managing Director, Ameer Bin Shaik Mydin said: “We are extremely excited about our investment in Netsense Business Solutions. This is a logical step in terms of meeting the rising expectations of clients in the cloud ERP market as Netsense aligns well with Century Software’s strategy to grow its cloud and software business”.

Century Software currently has a long-term OEM partnership with Acumatica Inc. Using their state-of-the-art Acumatica ERP and xRP platform, Century Software were able to develop customisable platforms to suit customer needs for various markets. Century Software will also be launching an updated version of their Government Resource Planning (GRP) system soon.

“SMEs are key to strengthening productivity, delivering more inclusive growth and adapting to the major transformations of our time. We believe this can be achieved through our innovative business solutions. It is imperative for SMEs to embrace digital revolution swiftly to boost growth”, said Netsense Director – Business Development, Abdul Rehman.