- Business
- Censof Holdings Berhad (5195.KL), an investment holding company headquartered in Petaling Jaya, Malaysia, and founded in 2008, designs, develops, implements, and markets financial management software solutions across government, commercial, SME, and wealth management segments; its core offerings include Century Software's government resource planning (GRP) systems compliant with the Standard Accounting System for Government Agencies (SAGA), such as financial management, accounting, e-procurement, e-tendering, and cloud-based solutions like CSLG, Registration Management, Grant & Incentive Management, Strategy Paper Management, Budget Online, and eClaims; Asian Business Software Solutions Pte. Ltd. (ABSS) and Netsense Group's SME-focused products encompassing accounting management, customer payment gateways, e-commerce solutions, and the all-in-one cloud-based Financio and ABSS Connect; PT. Praisindo Teknologi's wealth management solutions featuring investment management systems, Reka Dana Online, portfolio management, fund accounting, unit registry, and online transactions managing over USD100 billion in Indonesian mutual fund assets; digital technology services including Tender Pintar Sdn. Bhd.'s Tender Wizard e-tendering platform, InsureKU Sdn. Bhd.'s insurance aggregator solutions, Cognitive Consulting Sdn. Bhd.'s robotic process automation, and emerging technologies like IoT, AI, process automation, and peer-to-peer platforms; payment aggregation via T-Melmax Sdn. Bhd. covering e-payment gateways and bulk payment processing; and corporate services such as IT consultancy, system integration, ERP software, and professional training. The company operates primarily in Malaysia, Singapore, Indonesia, and Hong Kong, serving government agencies, large corporations, SMEs, micro-SMEs, and financial institutions with over 400,000 clients and presence in 11 countries. Recent developments include a strategic partnership with Netherlands-based Storecove in August 2024 to enhance e-invoicing capabilities for subsidiaries Century Software (Malaysia) Sdn Bhd and Netsense Business Solution Sdn Bhd in compliance with Inland Revenue Board regulations; full acquisition of T-Melmax Sdn. Bhd. in October 2023, increasing equity from 49% to 100% before a subsequent adjustment to 51% ownership; addition of InsureKU Sdn. Bhd. as Malaysia's first end-to-end digital insurance platform in 2024; a RM2.78 million five-year GRP contract from Lembaga Getah Malaysia awarded in October 2025; performance-based transfer of 20% equity in Tender Pintar Sdn. Bhd. to an employee in December 2024, completed initially in January 2025 reducing ownership to 90%; and modernization of its solutions portfolio with cloud integrations, development cost capitalizations for key products like ABSS Connect and various GRP modules, and portfolio growth reflected in FY2025 revenue of RM104.7 million across FMS-G (RM62.1 million), FMS-C (RM21.3 million), WMS (RM10.7 million), and DT (RM17.7 million) segments.