The fusionex Diaries
The fusionex Diaries
Blog Article
In 2017, Fusionex withdrew the listing of its shares from London Stock Exchange AIM to generally be a private organization, less than five years soon after its oversubscribed initial community giving.
Your browser isn’t supported anymore. Update it to obtain the greatest YouTube working experience and our most recent characteristics. Learn more
The administration team and the CEO owe a fiduciary duty to the Board and can't withhold any data asked for with the Board,” he reported.
It makes for an impressive, entertaining Display screen of the kind of technological wizardry that Fusionex is able to acquiring but, seriously, it’s just the tip of a very substantial iceberg. Within the time it was Established in 2005, Fusionex has made a name for alone in the global technology sector by specialising in analytics, large knowledge, machine Discovering, artificial intelligence and, Possibly most of all, its capability to make sense of vast amounts of structured and unstructured facts for its consumers.
In light-weight of this present situation, Fusionex provides an AI-driven Retail Alternative that assists any one capitalise on prospects and enhance profits, placing The trail for opening new Proportions in Data Technology.
There exists sector discuss that Ivan has an curiosity in the corporate Though his identify would not surface being a shareholder or director and an individual accustomed to V-Circle tells DNA that Ivan has no real interest in the company.
Dato’ Seri Ivan Teh has around eighteen a long time of working experience within the ICT market, and he has led groups in HP as well as Accenture before founding Fusionex. He is often invited to offer talks, current his views and share insights in community forums and gatherings globally.
Hitachi uncovered, for their shock, that from Sept to Nov, no less than 110 employees experienced either resigned or been retrenched. The administrators weren't educated of the significant circumstance.
“But we do the job with them inside a diligent and very concentrated fashion. Fusionex combines its technological know-how With all the experience of our crew to resolve a article consumer’s challenges utilizing facts technologies. We feel knowledge is the new crude oil. It’s something which is incredibly critical, but will continue being raw knowledge unless we obtain, store, process and analyse that knowledge so that it becomes significant and insightful to our shoppers.
But this ask for because of the house owners of the organization and its appointed directors and audit committee was denied by Ivan, all around the pretext of some “authorities directive” that prevented him from sharing monetary info sought by Hitachi in a company they owned, 100%.
The senior management departed the company useful site abruptly, leaving Hitachi and not using a official handover of management and operations. This departure included a lack of sharing information and facts regarding the continuity of Fusionex's Procedure and Learn More business enterprise all through their exit.”
Data contained During this information release is present as in the date from the press announcement, but may very well be topic to change with out prior recognize.
It is additionally not regarded if Hitachi has attained out to any clients to support them, though this sort of efforts are Plainly handicapped by it not realizing who Fusionex’s customers even are further than the large types the place the deal wins have been accompanied by media releases.
Hitachi placed 5 of its executives as non-govt administrators around the board with Ivan and his CFO, Chen Chiang as executive administrators.