Press Release - Mar 16, 2001 (NST)

Telekom Expects Netmyne Service To Rake In RM50m

By MALCOLM ROSARIO

TELEKOM Malaysia expects its web application service business, Netmyne Exchange 2000 (Netmyne E2K) to rake in at least RM50 million in revenue by the end of this year.

The company believes its Netmyne E2K's offerings are so compelling that it is expecting a multifold increase in the number of registrations, particularly from small and medium-sized industries (SMI) for its range of Application Service Provider (ASP) services.

Telekom Malaysia chief executive Datuk Dr Md Khir Abdul Rahman said Netmyne E2K is expected to attract tens of thousands of sign-ups from organisations.

He said these services are attractive because of reasonable charges, software upgrades, security, training, customer support and data storage backup and that many businesses are expected to take up the Netmyne offering.

Netmyne is currently servicing more than 3,000 customers for hosting services which include web, server, commerce, media and community hosting complete with payment gateway and merchants' e-commerce engine.

With its latest web-application service, customers will now have accessibility to enterprise messaging and web collaboration service as well.

"We are offering enterprise-class IT services to SMIs in a single package and at an affordable cost.

"These solutions address the high cost of buying and maintaining hardware and software applications to run the business and the high overheads and turnover of skilled IT staff that would normally be out of the SMI's reach," Md Khir said.

Telekom Multimedia believes the cost savings offered by Netmyne E2K are so significant that a business could save anywhere between 60 to 70 per cent of their cost in IT investment.

With yesterday's launch of Netmyne's Web Application Service, Telekom Malaysia believes Netmyne now is moving into another phase of its offering as a Web Application Services Provider (WASP).

Netmyne's inaugural Web Application Services include e-mail, netmeeting, calendaring, personal workplace, group workplace, directory services, contacts and instant messaging.

All these features are equipped with more advanced and efficient capabilities that result in better communication and collaboration online.

"For Telekom Malaysia, it is necessary to embark on ASP as more and more of daily business routines are already going online, and we don't want to be left behind in this ASP revolution.

"For businesses, the ASP type of service will become an integral part of business operations for efficiency and effectiveness," Md Khir said.

Watch the pre-recorded WASP launch here