Censof completes acquisition of 51% stake in Cognitive Consulting


KUALA LUMPUR: Censof Holdings Bhd has accomplished the acquisition of a 51% stake in Cognitive Consulting Sdn Bhd (CCSB).

Censof entered right into a share buy settlement to amass the fairness curiosity in CCSB for RM3.7mil with a revenue assure scheme on Dec 20, 2021.

“We are excited to include CCSB as part of our efforts to solidify our digital technology business segment, which will inevitably enhance our revenue and profitability moving forward.

“By utilising CCSB’s Robotic Process Automation (RPA) technology, Censof would be able to elevate its current customers’ processes, allowing them to digitise and adopt cloud-based solutions,” group managing director Ameer Shaik Mydin stated in an announcement.

He stated its funding in CCSB would additionally improve its synergy in offering Industrial Revolution 4.0 (RPA) providers to its current prospects in authorities and business sectors.

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