Acumatica, the leading solution for cloud-based accounting and Enterprise Resource Planning (ERP) software, today announced a long-term agreement with prominent Malaysian software vendor Censof Holdings Berhad (Censof), a specialist in the supply and implementation of Financial Management solutions. The international alliance brings the many benefits of cloud-based ERP to both the commercial and public sectors across South East Asia.
This new partnership represents continued growth and revenue for both companies, driven by the ongoing worldwide adoption of Cloud ERP.
"Censof has a long history of providing world-class financial services and innovation," said Jon Roskill, CEO of Acumatica. "Their Acumatica-based Cloud ERP offering will continue that tradition, and give customers unprecedented efficiency, flexibility, and mobility. We are very excited about the market opportunity in front of them."
"The Acumatica platform is so practical and yet futuristic," said Ameer bin Shaik Mydin, Group Managing Director, Censof. "No other company offers the ease-of-use and adaptability that our customers want. The Acumatica technology is the right platform for us to develop and launch our localized cloud products from."
"The partnership will save us years of development time, and help us get to market quickly with a competitive advantage. We are excited about the prospects of the rapidly advancing cloud computing industry, especially in the South East Asia region where adoption rates are still relatively low but gaining strong traction."
"This is yet another in a series of very strategic Acumatica alliances," said Robert Mahowald, Group Vice President, Applications and Cloud Business Models at IDC. "We recently placed Acumatica on our 'IDC Private Vendor Watch List,' and OEM partnerships such as the one with Censof contribute to their growth. At the same time, market leaders such as Censof need full-service cloud ERP capability to thrive in the cloud-based markets of tomorrow."
Censof is continuing its aggressive expansion across the globe to establish major positions in both advanced and emerging markets. Apart from financial management solutions, Censof also provides customizable business solutions in business performance, enterprise analytics, wealth management, application development and more. They are professionally endorsed with the ISO 9001:2008 standards certifications as established by the Bureau Veritas Certification.
"Censof is a very capable and professional OEM," said Christian Lindberg, Vice President of Partner Solutions for Acumatica. "We're really looking forward to the launch of their Cloud ERP product, powered by Acumatica."
About Censof
The Censof Group was founded in 1997 as a technology company specializing in financial management software solutions. Its solutions are widely used in the public and private sectors in Malaysia, Singapore, Indonesia and Hong Kong. The Group had expanded its portfolio of financial services solutions to include e-payment gateway services and wealth management software solutions. Censof is also involved in providing human capital development programmes specializing in technology certifications. In January 2011, the Group was listed on the Main Market of Bursa Malaysia. For more information, please visit www.censof.com
About Acumatica
Acumatica provides cloud-based business management software that enables small and mid-size companies to accelerate their businesses. Built on cloud and mobile technology and a unique customer-centric licensing model, Acumatica delivers a suite of fully integrated business management applications, such as Financials, Distribution, CRM, and Project Accounting, on a robust and flexible platform. For more information, visit www.acumatica.com .
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