Aureos Backs Malaysian IT Outsourcer

EA Global Holdings Ltd., a Malaysian IT outsourcing company, has raised $4 million from Aureos Capital. It is Aureos’ first investment in Malaysia.

 

PRESS RELEASE

The Aureos Malaysia Fund has committed to invest up to US$4 million in the Malaysian Information Technology Outsourcing company EA Global Holdings Ltd (“EA”). The Aureos Malaysia Fund is an initiative of Aureos Capital, a private equity fund management company specializing in investing in small to mid-cap businesses in emerging markets. This is Aureos’ first investment in Malaysia. The Aureos Malaysia Fund has capital commitments of US$25 million.

 

EA[1] is a niche provider of outsourced information technology solutions serving the Utilities & Energy Sector in the United States.

 

From its Malaysia base, EA is able to provide a low cost operational base from which it can serve its US clients. Founded in 1990 by CK Wong, EA is now focused on the mid-cap sector, establishing a reputation with its clients for innovation and excellence in delivery. Its services range from application development and maintenance up to the management of entire IT infrastructures.

 

Joseph Loh, Investment Principal for Aureos Malaysia, says: “As a niche player in the US mid-cap Utility & Energy Sector we believe EA represents an excellent growth opportunity despite the current challenging economic environment, due to significant investment being required by many utilities as they adapt to a new era of smart energy provision.”

 

The CEO of EA Global Holdings, Mr. CK Wong, says: “We are very pleased that Aureos has invested in EA at this crucial period of expansion. The capital will allow EA to pursue other potential strategic initiatives. We look forward to working with the Aureos team to position EA as the leading enterprise solutions provider for the Utilities & Energy sector in North America.”

 

AUREOS CAPITAL LTD

 

Aureos Capital Ltd is a private equity fund management company which specialises in providing expansion and buy-out capital to unlisted mid-cap businesses across Asia, Africa and Latin America.

 

Since its establishment in 2001, Aureos has increased its funds under management to over US$ 1 billion and extended its geographical footprint to over 50 emerging markets covering Asia, Africa and Latin America, by establishing 15 regional private equity funds.

 

Investors in Aureos funds include institutional investors, bilateral and multilateral development finance institutions, pension funds, sovereign wealth funds, fund of funds, family offices and foundations and high net worth individuals.