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Kronologi Asia teams with ST Electronics to expand to Hong Kong

Kronologi Asia teams with ST Electronics to expand to Hong KongMalaysian enterprise data management software company Kronologi Asia has teamed up with Singapore Technologies Electronics to expand in Hong Kong as part of its strategy to deliver cross border data backup solutions.

Hong Kong will be the second physical point of presence after Singapore for Kronologi – listed on Malaysia’s ACE market – which is catering to the growing demand in Asia for data storage and protection solutions.

Kronologi will invest up to US$2.35 million in new equipment to be installed at an ST Electronics' existing data centre in Hong Kong. With this partnership, ST Electronics will be able to extend Kronologi’s data storage and protection services to its customers.

The group is in advanced discussions with several potential customers and expects to roll out its services in Hong Kong in the second half of 2017. Through its Kronicles brand, Kronologi helps regional small and medium enterprises backup and protect their data.

The collaboration with ST Electronics follows Kronologi’s announcement in April that it would set up transnational infrastructure to offer clients the option of having more than one physical location or country for data backup.

Demand for data backup is being driven by the proliferation of data such as emails, staff and business records, legal documents and more, which companies must safeguard as part of efforts to ensure business continuity and compliance. As recent events have demonstrated, a safeguard against ransomware is also critical for business continuity.

“This partnership is the first part of our plan that will enable us to deliver a unique proposition to allow our customers the option to choose to protect their assets in Singapore and/or Hong Kong,” Kronologi acting CEO Philip Teo said.

“Coupled with great connectivity to many locations in Asia, Hong Kong is the ideal location for us to meet our clients’ growing needs for enhanced data storage and protection services,” added ST Electronics president Ravinder Singh.

The Kronicles service is powered by Quantum, which provides solutions for capturing, sharing and preserving digital assets over the entire data lifecycle, both on-premise and in the cloud.

First published in Enterprise Innovation