Softlogic team with Huawei as a Strategic Partner to introduce latest Enterprise Solutions to Sri Lanka
World’s leading ICT solutions provider Huawei and Sri Lanka’s Softlogic Information Technologies Pvt Ltd, a subsidiary of Softlogic Holdings PLC, and one of the country’s leading software and hardware solutions providers, recently announced their partnership in Enterprise Solutions, Cloud and AI to bring innovative ICT solutions to the Sri Lankan market.
“The digital economy is now firmly established as a core driver of growth to nations and its industries and the importance of digital technologies to the modern economy is undeniable. Softlogic, which came into being as an IT company almost three decades ago, today holds a leading market position in the country for infrastructure modernization. It is in a unique position to help local organizations and Sri Lanka discover innovative ways to manage technology that helps shape business strategies to achieve growth,” a company news release said.
“In the last decade many revolutions have taken place – the internet revolution, the mobile revolution and even the social media revolution: however there are a lot of organizations in Sri Lanka that have not adapted to these changes. What we are trying to do at Softlogic is to help them transform digitally. At Softlogic we possess a lot of experience to help organisations to make this transformation,” said Softlogic Information Technologies Chief Executive Officer/Director Roshan Rassool. He added: “According to the world bank, the global economy is worth USD 86.598 Trillion, out of which the digital economy contributes approximately 15% of the overall GDP and is anticipated to grow to 24.3% by 2025 (UNCTAD)”.
Huawei Sri Lanka CEO, Liang Yi speaking at the event stated that “The partnership with Softlogic will enable us to provide innovative solutions to the Sri Lankan market, mainly using the disruptive technologies of Huawei such as cloud, connectivity, AI and Smart City technologies. We have established a competitive information and communications technology (ICT) portfolio of end-to-end solutions in telecom and enterprise networks, devices and cloud computing.”
He further added that Huawei’s digital services are designed to help global businesses undertake their digital transformation journey. These digital services cover every step of the transformation process — and beyond — from strategic development and implementation to operational support, effectively helping customers successfully realize digital transformation, now and in the future.
“In today’s world, collaborative smart ecosystems are essential in a modern, connected office, which leverages cloud capabilities to deliver a seamless user-centric experience, designed to enhance the way teams work together wherever they work from” Liang added.
He highlighted that Softlogic Technologies’ IT sector provides a platform for Huawei to provide a range of solutions along the IT value chain that could cater to the ICT landscape as well as a number of other industries including Education, Healthcare, Retail and Transport.
Once again, AIA ran for their lives – Proud sponsor for the 3rd consecutive year.
AIA Insurance was humbled to be a part of Run For Their Lives 2023, in raising funds for the Apeksha Cancer Hospital. The charity run aligns with AIA’s brand purpose of helping people live healthier, longer, better lives with focus on the prevention and management of Non-Communicable Diseases in Sri Lanka. The company will continue its commitment to fight NCDs and actively engage in creating awareness on leading NCDs in the country, AIA said in a news release.
“With AIA’s goal of making a positive impact on one billion lives by 2030, participants at RFTL were encouraged to make a pledge for a healthy habit that could help prevent illness and remain healthy in the long run. The participants also took part in a real-time survey that measured their unhealthy habits and recommended healthy lifestyle habits. Participants were also instantly rewarded for taking part in the wellness games and the free BMI sessions organised by one of AIA’s wellness partner Vida Medical Clinic,” it said.
Exterminators PLC records 48% in capital gains and dividend payout of Rs. 31.5 M one year after listing
Exterminators PLC, Sri Lanka’s premier pest tech and environmental enhancement technology company, celebrates one year on March 30th, 2023, upon its listing on the ‘Colombo Stock Exchange’. Founded with an initial investment of Rs. 75,000 way back in 1998, today’s market capitalization is over Rs. 470 million and the company also created history by becoming the first pest management company in South Asia and emerging and developing markets to be listed on the stock exchange. During the first nine months of the FY22-23, the revenue increased by 37%, the gross profit by 29%, the operating profit by 29%, the profit before tax by 63% and the net profit by 62%. The GP margin is 73%, the NP margin is 27% and the capital gain is 48% as of March 28, 2023. The company’s dividend payout in 2022 was LKR 31.5 million, which included a cash dividend of LKR 14 million and a scrip dividend amounting to LKR 17.4 million.
Marlon Ferreira, Managing Director of Exterminators PLC said: “We anticipate that the pest management and agricultural sectors will have significant growth in the mid- to long-term in Sri Lanka and the emerging developing markets. The company is expecting to reduce operational and administration costs due to the creation of synergies within divisions, which would have a positive impact on the bottom line and in turn create value for all stakeholders Operating from four locations in Colombo, Kandy, Malabe, and Dambulla, the company has set in place the necessary groundwork to expand to several key cities on the island and has plans to setup the global business expansion project in the first quarter of the financial year 23/24.
Fcode Labs wins two awards at e-Swabhimani
Flingo and CarromBot, two products by Fcode Labs (Pvt) Ltd, a leading software development and digital solutions company, were adjudged winners at the e-Swabhimani Awards, an initiative of the Information Communication Technology Agency of Sri Lanka aimed at recognizing excellence in digital applications. This gala event was held recently in Colombo for the 11th consecutive time. CarromBot, an AI-based robot that can play a carrom game on its own, was awarded as a Winner in the Digital Entertainment category. The robot identifies the correct piece to shoot, the power, and the angle to shoot.
Flingo, a mobile application where you can draw art and chat in real time with your friends and loved ones, won a Merit award at the ceremony. Flingo provides a sophisticated set of drawing features and a smooth user experience for the users. Fcode Labs (Pvt) Ltd is a company based in Sri Lanka and Singapore that focuses on Digital Transformation, Digital Product engineering, AI, and Blockchain services.
Founded in 2018, it now comprises 60-members that work on developing high-quality Software products. Further details of the company can be accessed on their website www.fcodelabs.com. This is not the first time that Fcode Labs has won e-Swabhimani awards. The company was awarded in 2018 and 2019 for their innovative products. Recently it was also recognized as the 35th best workplace to work in Asia (Small to medium category) by Great Place to Work.
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