TMCnet News
MOGH GROUP EXPECTS RM25 MLN QUICK HEAL SALES IN MALAYSIA(Bernama The Malaysian National News Agency Via Thomson Dialog NewsEdge) from BERNAMA, The Malaysian National News Agency KUALA LUMPUR, Dec 12 (Bernama) -- The MOGH Group, a leading multinational firm with interests in India and locally, is anticipating a revenue of RM25 million in Malaysia from the sales of its anti-virus security solutions which it says will take the information technology industry by storm PL Selvam, chief executive officer of MOGH Group, said the latest antivirus software for personal computers and mobile devices known as "Quick Heal" will certainly give competitors a run for their money He based his optimism on the Malaysia's economic growth rate averaging 6.0 percent annually and low market size for security although Internet penetration in Malaysia is 53 percent of the population "We are looking at 200,000 licenses for Malaysia alone to distribute the product," he said at the global launching of the product here today Selvam said that among the features of Quick Heal was that it has been patented as a technology to scan and clean viruses and spy wares from mobile phones, PDAs and smartphones through personal computers and laptops Leveraging on the synergies of the MOGH group with good economic and stable political environment in Malaysia, we are confident that we can expand the regional markets of Quick Heal Technologies," he said He said the group would use Malaysia as a springboard to penetrate the Asean market The group is talking to distributors in Singapore, Vietnam, Thailand, Indonesia, South Korea and China MOGH Group Malaysia, established in August 2007, brings six companies from Malaysia and India integrating industries such as energy, shipping, software, communications, hospitality and trading Copyright 2007 Bernama Copyright 2007 Pertubuhan Berita Nasional Malaysia , Source: The Financial Times Limited |