06 Jul 2022
Credence, TM’s new cloud and digital services company, to empower enterprises’ digital capabilities – from infrastructure to insights
Powered by TM as a corporate start-up, Credence will bring new expertise and agility to grow TM’s digital services to support customers’ requirements and capture new opportunities.
Kuala Lumpur, 6 July 2022 – Telekom Malaysia Berhad (TM) today launched Credence, a new cloud and digital services company focused on expanding the capabilities of enterprises and the public sector in their digital transformation journey.
“With enterprises re-evaluating their capabilities and offerings to respond to today’s increasingly digital demands, TM is poised to become an astute digital solutions provider in addition to its established connectivity leadership position.
“TM will empower organisations in the private and public sector to transform with greater efficiency and flexibility while offering a superior return on investment. We recognise that now is an opportune time to leverage on our strengths, address market needs and launch a dedicated company – Credence – that is focused on technology and digital innovation,” said Imri Mokhtar, TM’s Group Chief Executive Officer.
“TM will offer a differentiated advantage in how we bring end-to-end digital solutions and services to customers through Credence. Leveraging both local and international technologies as well as expertise, Credence will provide greater and faster time-to-value by understanding local customer requirements and challenges.
“In the long run, through our foray into the digital services market, we aim to improve TM’s growth trajectory and unlock significant value for both our customers and stakeholders,” Imri explained.
Credence is led by Krish Datta, an experienced technology leader who joined TM in late 2021 to shape its new digital services arm. Leveraging TM’s established resources, infrastructure, and its strong links to enterprises and the public sector, Credence is well-positioned to accelerate Malaysia’s digital transformation journey.
“We offer organisations the ability to embark on their digital journey with better predictability, lesser concern and disruption while choosing the best tech solutions that suit their needs and priorities, enabling them to focus on their core business,” said Krish.
He explained that Credence will provide capabilities from tech infrastructure to business insights, cloud advisory, IT landscape migration, SaaS, managed services as well as analytics and insights.
“Credence aims to deliver outstanding experience for our customers. We are the only company that is able to offer our customers the full end-to-end solutions from infrastructure to insights (I2I). Our approach is to meet customers where they are, discover what their mission-critical goals are, and work with them according to their needs and priorities.
“We are also platform and technology-agnostic – putting us in a better position to offer solutions with a stronger customer bias vis-a-vis a vendor bias,” explained Krish.
As part of the launch, Credence announced key partnerships with VMware, AWS and Huawei, which enables them to offer a broad range of options to enterprises, customised to their individual growth needs.
“We are pleased to announce that Credence is working with VMware to deliver their first sovereign cloud service in Malaysia, keeping in mind the data sovereignty of customers in Malaysia,” said Krish.
“Malaysia’s digital-first approach is enabling massive transformation and opportunity for businesses in the country. VMware is working with Credence to help enterprises in regulated industries, and companies in the e-commerce and energy sectors to meet their unique cloud and data sovereignty requirements within Malaysian borders,” said Ajay Turki, Director Cloud Sales, Southeast Asia & Korea, VMware.
“We are also enhancing the offerings of TM’s Cloud Alpha Edge to include services, SaaS solutions as well as data insights to be the leading Government cloud service provider,” added Krish.
“At its core, however, digital transformation is less about technology and more about people, and the success of organisations depends on developing, cultivating and nurturing the next generation of technologically-skilled professionals. Through Credence, we aim to address the current digital and tech skills gap – making strategic hires from the tech sector as well as transferring similar skillsets from TM to spearhead this new digital start-up.
“In this way, we hope to nurture a pipeline of next-generation tech and digital talents, and equip Malaysians for a digital future by upskilling them with digital capabilities, and providing them access to the right data and tools. This will not only benefit organisations but our collective progress as a nation, solidifying our Digital Malaysia aspirations,” concluded Imri.
YOU MAY ALSO LIKE
TM Wholesale and radian arc collaborate to expand cloud gaming offerings to the ASEAN market
Collaboration signifies TM’s commitment to expand cloud gaming in the ASEAN region, leveraging Radian Arc’s Graphics Processing Unit (GPU) Edge Point of Presence TM Wholesale, the domestic and international wholesale business arm of Telekom Malaysia Berhad (TM), today announced a partnership with cloud infrastructure provider Radian Arc to expand its cloud gaming offerings in Malaysia and other ASEAN countries. The collaboration will see both parties leveraging each other's strengths to provide users with high-quality content and cloud-gaming experiences. Through this partnership, both companies will collaborate to deploy a new point of presence (PoP) in Malaysia, utilising Radian Arc's proprietary GPU Edge technology. This PoP will enhance TM Wholesale's cloud-based gaming solutions as well as other real-time applications that use similar technology. The availability of this robust platform ensures that these central processing units (CPUs) can provide relevant applications at a lower cost to serve. Following the rollout of the cloud gaming platform, TM Wholesale and Radian Arc intend to make an array of cloud-based applications, such as Artificial Intelligence (AI), Blockchain, and the Internet of Things (IOT) accessible to users in order to accelerate digital transformation and adoption, which is pivotal to Malaysia's digital aspirations. Radian Arc is also partnering with cloud gaming platform Blacknut to bring their games catalogue to the region, reinforcing TM Wholesale's vision of providing better cloud gaming solutions. Through this partnership, TM Wholesale will be able to offer over 500 family-friendly premium games to service providers, with lower latency and faster start times for their customers. Commenting on the collaboration, Amar Huzaimi Md Deris, Executive Vice President of TM Wholesale said, "TM Wholesale has always been committed to promoting Malaysia's transition to an advanced digital economy, and given the meteoric rise of cloud gaming, we've shifted gears to put this into a higher drive. "Our collaboration with Radian Arc is among our efforts to fulfil the demands of the gaming industry, while exploring opportunities in other emerging technologies such as cloud and edge computing, and ensure customers enjoy high-quality digital experiences. "This is in line with our aspiration to position Malaysia as a regional digital hub and expand our reach via edge computing platforms to provide better user experience for next-generation applications and games," he added. "As we continue to expand access to cloud gaming around the world, we want to find partners who can elevate our service offerings to telcos and improve the gaming experiences we provide to players," said David Cook, CEO of Radian Arc. "The collaboration will also look into possibilities for future applications leveraging TM's extensive network coverage, allowing us and Blacknut to improve the quality of cloud gaming for customers in Malaysia and the surrounding regions." The collaboration with Radian Arc symbolizes a new era of gaming for TM, harnessing the benefits of GPU Edge technology to deliver high-quality digital experiences to end users.
TM once again soars high at NACRA 2019!
The Company was recognised as among the best at the annual Corporate Report awards ceremony Telekom Malaysia Berhad (TM) has been accorded the Best Annual Report (Silver) at the recent National Annual Corporate Report Awards (NACRA) 2019. The Company was once again recognised as a leading corporate institution in Malaysia when its 2018 annual report bagged four (4) excellence in major categories. The awards were: Overall Excellence Awards for Most Outstanding Annual Report of the Year (Silver) Best Annual Report in Bahasa Malaysia (Gold) Best Sustainability Reporting Award (Silver) Industry Excellence Award for Main Board Company in Telecommunications & Media category – 23 consecutive years Commenting on the win, Dato' Noor Kamarul Anuar Nuruddin, Group Chief Executive Officer, TM, said, "We are indeed very excited and honoured to once again receive multiple awards at NACRA 2019. These recognitions not only reflect our good compliance to Bursa Malaysia's stringent listing requirements, but more importantly, the award attests to the high standards we place on shareholders' communication. It also demonstrates our commitment towards upholding a high level of corporate governance, transparency, disclosure of information to our stakeholders as well as integrated corporate reporting. This is in line with our tenet on the importance to achieve the highest levels of corporate governance, in order to build trust and credibility with our key stakeholders." "I would like to take this opportunity to congratulate each and every Warga TM for their hard work and tireless effort towards producing the 2018 Annual Report. I am personally proud with the achievement and hope that this will give a boost for all of us to deliver better. This win at NACRA also definitely further strengthen our position as one of the country's leading corporate institutions," added Dato' Noor Kamarul. NACRA is jointly organised by Bursa Malaysia Berhad, Malaysia Institute of Accountants (MIA), and The Malaysia Institute of Certified Public Accountants (MICPA). The key objective of NACRA is to promote excellence in corporate reporting, greater transparency and accountability by respective parties in their financial reporting and the awards are to acknowledge and recognise high quality corporate reporting.
TM's decision to exit menara KL concession
Telekom Malaysia Berhad ("TM" or "the Group") wishes to clarify that Menara KL ("MKL" or "Tower") is owned by the Government while the operations and maintenance of the tower is granted under a concession. TM via its wholly owned subsidiary, Menara Kuala Lumpur Sdn. Bhd. (MKLSB) had undertaken the concession since 1996. As part of its business transformation programme, TM is focusing its efforts and resources on strengthening its core business of telecommunications and technology. After due consideration on the change in the business nature of MKL, from telecommunications services to tourism and hospitality, TM has decided in October 2021 not to renew the MKL concession and informed the Government accordingly. Subsequently in 2022, the selection process of the new Concessionaire was then taken up by the Government upon which TM was informed on the appointed company to take over the shares of MKLSB and the MKL concession. MKLSB shall continue to operate the concession and ensure the continuity of MKL operations for the Malaysian public, including international visitors. Employees will remain employed with MKLSB under the new Concessionaire for a minimum period of 3 years. This is to ensure their welfare is protected in this transition. In TM’s 3Q 2022 financial announcement to Bursa Malaysia, a reference was made in the subsequent changes to shareholding in MKLSB. TM practices good governance and transparency in our business undertakings to preserve the interest of our customers and stakeholders. TM will provide our full cooperation and disclosures as required by the authorities. Building on our commitment to enable a Digital Malaysia, TM will continue to deliver the best telco and technology services for the community, businesses, Government and industry.
NEWSLETTER
Just drop your details and stay updated with the world of Telekom Malaysia. We promise – no spam!