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Publisher: New Straits Times

(Bernama The Malaysian National News Agency Via Thomson Dialog NewsEdge) from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Feb 9 (Bernama) -- Mesdaq-listed KZen Solutions Bhd today signed a memorandum of understanding (MoU) with Cetheus MSC Sdn Bhd to develop analytical human resource tools.

The agreement between KZen, which specialises in payroll and human resource solutions, and Cetheus, a business intelligence solutions provider, is seen as a joint effort to develop a comprehensive suite of human resource managment solutions.

"We see this collaboration as a breakthrough for both companies to merge resources and experience in ICT (information and communications technology)," Cetheus' chief executive officer Simon Kong Chia Huung said in a statement.

"There is a huge potential in the business performance management marketplace for our combined solutions in the Asia Pacific region," he said, adding that the market is projected to be worth RM545.68 million by 2008.

"The sourcing of a partner in business intelligence has been a priority for us in the last few months," KZen's chief executive officer Ng Boon Sing said.

"We believe that with growing regional acceptance of our software coupled with the rising trend in analytical capabilities, we will be able to produce best-of-breed integrated solutions that can positively contribute to developing human capital as a catalyst for economic growth," he added.

The signing was witnessed by Multimedia Development Corporation's senior vice president Datuk Narayanan Kanan.



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