What ITMAX System Berhad does

ITMAX System Berhad is a Malaysian smart city infrastructure solutions provider, publicly listed on Bursa Malaysia under ticker ITMAX and headquartered in Kuala Lumpur. The company designs, supplies, installs, operates, and maintains networked digital infrastructure for municipal clients, with a portfolio anchored by an AI-powered smart traffic management system that integrates CCTV infrastructure with real-time video analytics for adaptive signal control, a smart street lighting system for urban illumination optimization, and broader digital infrastructure solutions spanning surveillance and urban monitoring. Its AI capabilities are partially in-house, deepened by the 70% acquisition of AI firm Tapway Sdn Bhd in late 2025, and have received international recognition through the Intelligent Transportation Systems award at the ITS World Congress.

The company makes money primarily through government procurement contracts with Malaysian municipal authorities, with the Digital Infrastructure Solutions segment contributing 83% of total revenue (RM54.7M of RM65.86M in Q1 FY2026). Revenue is a mix of one-time project-based revenue from supply and installation work and recurring managed services revenue from 3-6 year operation and maintenance contracts. Pricing is contract-based and not publicly disclosed, with recent fixed-value tenders including a RM120 million 6-year smart street lighting contract and a RM42 million 3-year AI traffic system operation and maintenance contract, both from Kuala Lumpur City Hall (DBKL).

ITMAX is heavily reliant on DBKL as its anchor customer but is actively diversifying geographically through expansion into Johor state. The company's go-to-market is enterprise field sales targeting municipal authorities via competitive tender processes, supported by industry recognition and analyst coverage (including Hong Leong Investment Bank naming it a sector top pick). Revenue grew 29.8% year-on-year and net profit grew 24.2% year-on-year in Q1 FY2026, reflecting strong execution against a multi-year contract backlog.

Name

ITMAX System Berhad

Legal name

ITMAX System Berhad

Website

https://itmax.com.my

Company type

Public

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

ITMAX System Berhad is a Malaysian public smart city infrastructure provider that designs, deploys, and operates AI-powered traffic management, smart street lighting, and digital surveillance systems for municipal authorities, primarily Kuala Lumpur City Hall (DBKL).

Ownership category

akta.pro rank

Product category

Smart City Infrastructure

NAICS

Computer Systems Design and Related Services (54151), Security Systems Services (except Locksmiths) (561621), Computer Facilities Management Services (541513)

SIC

Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Automatic Number Plate Recognition (ANPR) / Video Tolling & Enforcement (TLAJABAB)

Keywords

• Smart city infrastructure
• AI traffic management
• Video surveillance systems
• Intelligent street lighting
• Digital infrastructure solutions

Headquarters

HQ city

Kuala Lumpur

HQ country

Malaysia

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Supply Chain, Infrastructure

Revenue model

1. Digital Infrastructure Solutions: Smart city infrastructure projects including AI-powered traffic management, smart street lighting, and CCTV installations. Revenue is project-based, derived from government contracts for supply, installation, operation, and maintenance services. This is the primary revenue driver contributing 83% of total revenue.
2. Operation and Maintenance Services: Ongoing operation and maintenance contracts for deployed smart city systems, typically spanning 3-6 year terms. Provides recurring service revenue for maintaining AI traffic systems and street lighting infrastructure.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

ITMAX System Berhad is a smart city infrastructure solutions provider that designs, supplies, installs, operates, and maintains AI-powered traffic management systems, networked CCTV video surveillance, and intelligent street lighting for Malaysian municipal authorities. The company combines proprietary AI analytics with deployed hardware to deliver adaptive traffic signal control, real-time urban monitoring, and energy-efficient lighting under multi-year government contracts.

Product overview

ITMAX System Berhad operates as a smart city infrastructure solutions provider offering an integrated portfolio of AI-powered systems. The core offerings include the AI-Powered Smart Traffic Controller System for adaptive traffic signal management, Smart Street Lighting Systems for urban illumination, and broader Digital Infrastructure Solutions. The product suite is unified through AI analytics capabilities that process CCTV video feeds and traffic data to enable real-time monitoring, adaptive control, and data-driven urban management across Kuala Lumpur and Johor.

Differentiator

Problem solved

Functional benefit

Products and services

• AI-Powered Smart Traffic Controller System An AI-driven traffic management system that integrates CCTV infrastructure with real-time analytics for adaptive signal control, traffic monitoring, and data-driven decision-making in urban environments. Deployed for Kuala Lumpur City Hall (DBKL).
• Smart Street Lighting System Intelligent street lighting infrastructure with remote monitoring and management capabilities for urban illumination optimization. Includes supply, installation, and 6-year maintenance services for smart city deployments across Kuala Lumpur.
• Networked Video Surveillance Services

Quantifiable outcome

• 24.2% increase in net profit YoY in Q1 FY2026
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature3 records

Partnerships

One partnership is on record.

• Tapway Sdn BhdcoreTechnology or Integration · 23 December 2025ITMAX acquired a 70% stake in AI firm Tapway Sdn Bhd for RM5.6 million. This acquisition strengthens ITMAX's AI capabilities and integrates Tapway's AI technology into ITMAX's smart city solutions portfolio. The acquisition supports the company's strategy to enhance its AI-powered analytics capabilities for traffic management and urban monitoring applications.

Scale indicators10 records

Recent moves5 records

Expansion highlights5 records

Regional players

• MyEG Services Berhad: Malaysian e-government services platform. Comparable in business model of monetizing Malaysian government digital transformation, but focused on citizen services rather than infrastructure.
• Heitech Padu Berhad: Malaysian IT services and systems integration company serving government and enterprise. Comparable in Malaysian government customer base and systems integration capability, though not specialized in smart city.

Direct peers

• Cubic Transportation Systems: Provider of intelligent transportation and traffic management solutions for cities and transit agencies. Overlaps with ITMAX's smart traffic, urban mobility, and government-customer focus.
• Datasonic Group Berhad: Malaysian government technology and security solutions provider serving similar public-sector customers (immigration, law enforcement, smart city). Comparable in GTM motion and Malaysian government dependency.
• Iteris: US-based intelligent transportation systems and traffic analytics provider. Comparable to ITMAX in offering video-based traffic monitoring, adaptive signal control, and smart mobility analytics to public agencies.
• SWARCO: Austrian intelligent traffic systems and smart street lighting company. Closely comparable to ITMAX across both adaptive traffic management and connected/smart urban lighting offerings.
• Kapsch TrafficCom: Austrian-headquartered intelligent transportation systems provider selling adaptive traffic management, tolling, and urban mobility software. Directly comparable to ITMAX's AI traffic management and smart city offerings, with a much larger global footprint.

Emerging players

• LGMS Berhad: Malaysian-listed cybersecurity services company. Partial overlap with ITMAX through security-related aspects of CCTV/surveillance and a similar Malaysian small-mid cap tech profile.

Broad incumbents

• ST Engineering: Singapore-listed large-cap engineering and technology group with smart city, mobility, and public security solutions. Overlaps with ITMAX's smart city and traffic offerings as part of a much broader portfolio.
• NCS Group: Asia-Pacific IT services and smart city solutions provider. Overlaps with ITMAX in delivering integrated digital infrastructure, IoT, and smart city capabilities to government clients, with much broader scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/BhdItmax
• Facebookfacebook.com/profile.php

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ITMAX System Berhad