Openmove AI Berhad
MMYX:OMAI0.40
MYR
-0.05
(-12.09%)
ISIN
MYQ0106OO003
Return %
Stock
S&P 500
1Y
-27.27
14.20
3Y
-52.38
81.12
5Y
-56.99
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Choon Teng Lee
- Sector
- Technology services
- Industry
- Information technology services
- Address
- Petaling Jaya Malaysia
- IPO Date
- Oct 20, 2005
- Website
- openmove.ai
- Similar Companies
- Business
- OpenMove AI Berhad provides software-as-a-service (SaaS) applications, enterprise information technology solutions, and artificial intelligence-driven digital transformation services primarily to the insurance, takaful, unit trust, and broader financial services sectors. The company develops and delivers proprietary platforms and enterprise software that include: InsuranceSuite and e-Cover, an online multi-principal insurance distribution and policy administration platform supporting real-time quotations, underwriting, endorsements, and renewal processing; CommissionSuite and Rexit Compensation Suite, an automated compensation calculation engine designed for multi-tier agent hierarchy management, sales incentive computation, and commission disbursement; MoveNet and e-PPA (Electronic Public Payment Application), a financial transaction platform facilitating unit trust investment processing, fund switching, and redemption settlement; AI Agent Digital Workers, featuring cognitive automation platforms such as the Panglima AI Agent for contact center operations, conversational intelligence, and claims document processing; and customized enterprise information technology solutions encompassing workflow automation, case management, document archiving, technical consulting, and system integration services. The company serves general and life insurance underwriters, takaful operators, fund management houses, financial institutions, and government-backed social health protection schemes across Malaysia, Hong Kong, China, Singapore, and regional Asia-Pacific markets. Founded in 1998 and headquartered in Petaling Jaya, Selangor, Malaysia, the company was formerly known as Rexit Berhad and officially changed its name to OpenMove AI Berhad in January 2026 to reflect its strategic alignment toward enterprise AI and cognitive automation. In major recent developments, a controlling 53.27% equity stake was acquired in January 2024 by a consortium comprising Metaco Asset Holdings Sdn Bhd, Bemas Holdings Sdn Bhd, and Dato' Seow Gim Shen, which initiated a corporate restructuring, executive leadership changes, the commercial rollout of proprietary AI digital workforce solutions, and a realignment of its operational focus toward scalable cloud and intelligence services.