Cyberjaya, 2 October 2019 – Dagang NeXchange Berhad ("DNeX") through subsidiary company Innovation Associates Consulting Sdn Bhd ("iAC") has received a contract extension from the Accountant General's Department Malaysia for an information and communication technology ("ICT") maintenance project.

The extension is for one year, starting from 10 August 2019 to 9 August 2020, and worth RM57 million.

Under the contract, iAC will be responsible for maintenance of hardware, software and network equipment of the integrated Government Financial and Management System ("iGFMAS"), an accrual accounting shared services implementation.

The earlier contract tenure was from 10 August 2018 to 9 August 2019.

Backed by more than 300 experienced SAP consultants, iAC is a leading consulting firm that has completed more than 100 projects in the public and private sectors. The company is also the contractor for iGFMAS, the government’s accrual accounting system.

"We would like to express our appreciation to the Government of Malaysia for its continued confidence in us. We remain committed to offer top notch services that not only meet requirements of customers but also enable them to further improve and grow their operations," said Datuk Samsul Husin, Executive Deputy Chairman of DNeX.

He said iAC aspires to become a global consulting company with a team of experienced consultants and industry specialists.

In addition, he added that the company is also embedding such technologies as artificial intelligence, blockchain and big data analytics into its services to strengthen its position in the industry as a leading consulting firm.