The AIMS Group has announced a successful bid for Jaring’s data centre and network related customer assets. The acquisition will see AIMS take control of Jaring’s IPv4 addresses and all existing customers related to data dentre, broadband and access, cloud and managed services. The estimated value of the unexpired contracts is at RM50 million.
AIMS Group Chief Operating Officer Mohammad Azman says, “AIMS was awarded Jaring’s assets based on a balance of many factors – in terms of price, product portfolio, experience and skilled resources to fast track the necessary migrations between AIMS and the acquired Jaring operations.”
However, Azman also used the acquisition of Jaring to point out the unhealthy state of the data centre business in Malaysia. Jaring was not the only data centre to be forced to liquidate in the last few months, and there exists a price war between data centre operators as they attempt to attract customers.
Despite this situation, AIMS believes that it will be able to cater to Jaring’s existing data centre customers. The company intends to expand its Kuala Lumpur centre by another 10,000 sq feet to accommodate the new cater to the newly acquired assets.
Jaring was ordered into liquidation in May 2015, a situation that caused a slight furore over the perceived mismanagement of the business. A last ditch effort last week to obtain a court order to stay the liquidation failed to achieve anything, and liquidators KPMG have already begun selling parts of the company to pay off creditors.