Not known Factual Statements About fusionex
Not known Factual Statements About fusionex
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Hitachi's Superior electronic alternatives, products and services, and systems for turning details into insights to travel digital innovation
Hitachi court petition to wind up Fusionex, expose grim photo of alleged unethical and irresponsible conduct by Ivan Teh and his senior leadership
“We selected Fusionex because they are an authority in Business enterprise Intelligence, databases, and knowledge warehousing. We really are convinced they realize and possess domain know-how about our small business and perform very intently with us.
“It absolutely was a pleasure dealing with the Fusionex team for your implementation of Big with our close consumer. The solution is excellent, and the program is Are living with zero issues.”
In its place, Hitachi went to wonderful lengths in its courtroom papers to update the court with great depth of element of each of the irregularities and alleged wrongdoings that took place.”
I am concerned which the actions with the Fusiotech management team may have deeper repercussions for the ecosystem Specially international investors and future acquirers of Malaysian startups.”
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This started a number of back and forth amongst Ivan and Hitachi, outlined in its petition, during which Hitachi desired to work out its lawful rights as owners of Fusionex and with Ivan and his leadership crew supplying different motives to obstruct this, chief of which was a purported ‘governing administration directive’ that prevented Ivan from sharing sensitive knowledge with international functions.
But this request because of the entrepreneurs of the corporate and its appointed administrators and audit committee was denied by Ivan, all on the pretext of some “government directive” that prevented him from sharing monetary details sought by Hitachi in a business you can check here they owned, 100%.