ARB launches cloud-based revenue services targeting commercial industry
MAIN Market-listed information technology (IT) software and platform provider ARB Bhd (previously Aturmaju Resources Bhd) expects its self-developed cloud company secretary platform to be a lucrative income spinner for our group in the coming years.
The company has recently unveiled the ARB Cloud Cosec to fully automate existing company secretary services. The integrated platform is targeted for company secretary firms, public listed companies (PLCs) and small and medium enterprises (SMEs).
The ARB Cloud Cosec roll-out is poised to create a sustainable recurring income of approximately RM100 mil for the group. In the near term, ARB targets to capture 10% of the PLCs market and 20% of the SMEs’ market.
“Due to the COVID-19 health crisis and shift in trend, we saw a business opportunity in the company secretarial services (CoSec) which traditionally wou