(FXI) Fusionex

Fusionex International plc

("Fusionex" or "the Company")

Fusionex expands operational footprint in Malaysia and purchases new Head Office

Fusionex, an award winning international provider of enterprise software solutions and related services, is pleased to announce that the Company has increased its operational footprint in Malaysia, a key strategic growth market for the Company.

As outlined during the Company's successful IPO in December 2012, Fusionex has sought, among other initiatives, to expand its R&D (Centre of Excellence facility) and sales and marketing capabilities in Malaysia, a key business hub servicing the broader ASEAN region.

Fusionex has successfully secured a state of the art office unit measuring approximately 38,000 sq ft for the sum of £5.8m which will be expected to be financed by a £0.6m cash deposit and a combination of internal funds and debt financing of £5.2m. The new facility is a Multimedia Super Corridor (MSC) status certified office and is anticipated to save the Company approximately £20,000 on an annual basis.

These new facilities support a number of key operational objectives for Fusionex, namely:

·     To support increases in both R&D and sales and marketing initiatives required to meet customer demand;

·     To provide additional data centre capacity allowing for both customer demand whilst addressing internal development storage and server requirements;

·     To provide adequate support for 'power redundancies', a key requirement for the Fusionex R&D / Centre of Excellence team;

·     'GBI certified green building', a key criteria for a number of international IT companies;

·     To provide additional conference, exhibition and promotional facilities, which will support a number of new sales and marketing activities; and

·     To secure an MSC status certified office, allowing Fusionex to continue enjoying MSC status and its corresponding benefits which include tax incentives.

Ivan Teh, Chief Executive of Fusionex commented:

"We are delighted to announce the expansion of our Malaysian operations. This key strategic growth driver will underpin the growth of our presence in the region. By increasing the scale of our key business activities, we believe that Fusionex will not only strengthen its existing market presence but be able to drive greater product penetration whilst broadening the scope of our R&D efforts."

Fusionex will also be announcing a pre-close trading update in April. 

For further details:

Fusionex