Cordoda aims to corner 10% of networking market
Thean Lee Cheng
The Star-17/04/01
Network service provider Cordoda Corp Sdn Bhd aims to have a revenue of RM50mil by the end of the year, equivalent to 10% of the country's total networking market.
The company plans to do this via its flagship product Enterprise Broadband Network (EBN), which encompasses three essential features multi-service networking access, networking and managed service and e-business network application.
Cordoda co-executive chairman Lee Tak Suan said the outsourcing of networking applications would enable companies to concentrate on their business.
"Banks, securities and insurance sectors could take advantage of its offerings as these industries push forward in the merging and acquisition exercise", Lee said at the official launching of Cordoda in Kuala Lumpur last Friday.
Besides the above industries, Cordoda is also wooing the manufacturing sector.
Cordoda has 18 points of presence (Pops) nationwide, including Sabah and Sarawak. By the end of the year, there will be an additional nine sites, which will enable information to be transmitted smoothly and efficiently.
Cordoda chief operating officer Shane J. Hodge said the company was building network infrastructures and not merely reselling technology.
He said Cordoda bought bandwidth from major telcos.
With the advantage of economies of scale and the investment on Pops, it is able to service clients better with various types of value-added services. Cordoda, incorporated in 1999, has invested RM45mil in network infrastructure so far. Because it buys bandwidth from diverse sources, the risk of down time is very marginal.
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