The Aureos Malaysia Fund has committed to invest up to USD4m in the Malaysian information technology outsourcing company EA Global Holdings.
The Aureos Malaysia Fund has committed to invest up to USD4m in the Malaysian information technology outsourcing company EA Global Holdings.
The fund is an initiative of Aureos Capital, a private equity fund management company specialising in investing in small to mid-cap businesses in emerging markets.
This is Aureos’ first investment in Malaysia. The Aureos Malaysia Fund has capital commitments of USD25m.
EA is a niche provider of outsourced information technology solutions serving the utilities and energy sector in the US. Founded in 1990 by CK Wong, EA is now focused on the mid-cap sector. Its services range from application development and maintenance up to the management of entire IT infrastructures.
Joseph Loh, investment principal for Aureos Malaysia, says: ‘As a niche player in the US mid-cap utility and energy sector we believe EA represents an excellent growth opportunity despite the current challenging economic environment, due to significant investment being required by many utilities as they adapt to a new era of smart energy provision.’
Wong adds: ‘We are very pleased that Aureos has invested in EA at this crucial period of expansion. The capital will allow EA to pursue other potential strategic initiatives. We look forward to working with the Aureos team to position EA as the leading enterprise solutions provider for the utilities and energy sector in North America.’
