What Privasia Technology does

PRIVASIA Technology Berhad is a Malaysian publicly-listed information and communications technology (ICT) group operating a diversified portfolio of managed services and proprietary technology products serving enterprise customers, government-linked companies (GLCs), and government agencies. Incorporated in 2009 and listed on the Bursa Malaysia ACE Market (ticker PRIVA), the company is headquartered in Petaling Jaya, Selangor, and operates through nine subsidiaries spanning IT managed services (PRIVASIA Sdn Bhd), cloud-based procurement SaaS (PROCUREHERE), port terminal operating systems (PRIVAPORTS/iTAP), VSAT satellite broadband (PRIVASAT), wireless network services (PRIVANET, PRIVATEL), IoT solutions (PRIVASIA IOT), boutique software development (DJAVA FACTORY), and Tier IV data center infrastructure (PRIVABYTES/SILVER STREAMS Technofarm).

The company's core technology stack combines over two decades of proprietary software development with vertically integrated infrastructure capabilities. PROCUREHERE provides end-to-end source-to-pay procurement automation with ERP integrations to SAP, Oracle, Sage, and Stripe, certified to ISO/IEC 20000-1 and CMMI Level 3. iTAP is a configurable terminal operating system deployed at ports (originally developed for WESTPORTS in 1999 and cloud-enabled in 2019). PRIVASAT delivers VSAT connectivity up to 100 Mbps for plantations, maritime, and remote operations. The newest pillar, SILVERSTREAMS, is a Tier IV data center project in Bagan Datuk, Perak, with Phase 1 (10MW) targeted for end-2026 completion and 25MW total capacity, built under a RM569 million contract with Inspur Cloud Information.

PRIVASIA generates revenue through a mix of managed services contracts, SaaS subscriptions (PROCUREHERE), one-time software licensing (iTAP/TOS), satellite broadband subscriptions, and—prospectively—data center colocation. Its GTM combines direct enterprise sales targeting GLCs and large enterprises with a self-service SaaS portal for PROCUREHERE. Named customers include WESTPORTS, INDAH WATER KONSORTIUM, MALAYSIA AIRPORTS, AXA MALAYSIA, PORT KLANG AUTHORITY, FGV HOLDINGS, BERJAYA CORPORATION, FELCRA BERHAD, and SME BANK, with several relationships spanning 15+ years. FY2025 group revenue reached RM209.4 million, a 184.9% year-over-year increase largely driven by the data center build-out contract.

Name

Privasia Technology

Legal name

PRIVASIA Technology Berhad

Website

https://privasia.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

101–250 employees

Short description

PRIVASIA Technology Berhad is a Malaysian publicly-listed ICT group offering IT managed services, cloud procurement SaaS (PROCUREHERE), port automation (iTAP), satellite broadband (PRIVASAT), and a Tier IV data center (SILVERSTREAMS) to enterprise customers, government-linked companies, and government agencies in Malaysia.

Ownership category

akta.pro rank

Product category

IT Managed Services and Enterprise Technology Solutions

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182), Computer Facilities Management Services (541513)

SIC

Services-Computer Programming, Data Processing, Etc. (7370), Services-Prepackaged Software (7372), Services-Management Services (8741)

akta.pro primary industry

IT Procurement & Sourcing Services (Hardware/Software) (BPAEAOAG)

akta.pro secondary industry

Procurement Helpdesk & Stakeholder Support (BPAAAJAD)

Keywords

• IT managed services
• Cloud procurement software
• Port terminal automation
• Satellite broadband services
• Data center infrastructure

Headquarters

HQ city

Petaling Jaya

HQ country

Malaysia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. IT Managed Services: Managed IT support, cloud services, enterprise systems integration, and consultative IT strategy services delivered to high-growth organisations and Malaysian GLCs.
2. PROCUREHERE SaaS Platform: Cloud-based procurement software-as-a-service with buyer and supplier portals, supporting source-to-pay workflows on subscription or per-transaction basis.
3. PRIVASAT Satellite Services: VSAT satellite broadband and managed network services for enterprises, plantations, maritime operations, and remote locations. Includes IP telephony, video surveillance, and satellite leased lines.
4. PRIVAPORTS Terminal Automation: Port terminal automation and digitalisation solutions including TOS software licensing and implementation services for port operators.
5. SILVERSTREAMS Data Center: Tier IV data center facility development and future colocation/hosting services. Phase 1 targeted for completion end of 2026 with 10MW capacity expandable to 25MW.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

PRIVASIA Technology Berhad is a publicly listed Malaysian IT and technology group that sells IT managed services, cloud-based digital procurement software (PROCUREHERE), port terminal automation systems (iTAP), VSAT satellite broadband (PRIVASAT), wireless network services (PRIVANET/PRIVATEL), and a Tier IV data center (SILVERSTREAMS) primarily to Malaysian government-linked companies, government agencies, and large enterprises. Revenue is generated through managed services contracts, annual SaaS subscriptions, one-time TOS licensing, and managed satellite/network services.

Product overview

PRIVASIA Technology Berhad is an award-winning Malaysian IT Managed Services Provider (MSP) operating a diversified portfolio of technology products and services across IT infrastructure, satellite connectivity, port automation, digital procurement, and data centre infrastructure. The portfolio consists of PRIVASIA Sdn Bhd (core managed IT services), PROCUREHERE (cloud-based procurement SaaS), PRIVAPORTS/iTAP (port terminal automation), PRIVASAT (VSAT satellite broadband), PRIVANET/PRIVATEL (wireless network services), PRIVABYTES/SILVERSTREAMS (Tier IV data centre), PRIVASIA IOT (IoT solutions), and DJAVA FACTORY (Java software development). The company has evolved beyond its core IT managed services into adjacent technology verticals including satellite communications, port digitisation, and sovereign data centre infrastructure.

Differentiator

Problem solved

Functional benefit

Brands

• PROCUREHERE: Cloud-based procurement software-as-a-service (SaaS) platform for source-to-pay digital procurement, helping organisations streamline procurement operations, automate workflows, manage suppliers, and achieve spend analytics
• iTAP
• SILVERSTREAMS
• DJAVA FACTORY

Products and services

• PROCUREHERE Cloud-based digital procurement (eProcurement/Source-to-Pay) SaaS platform that automates the entire procurement lifecycle from requisition, approval, sourcing, purchase orders, invoicing, and payment, with real-time spend analytics, supplier management, RFQ/auction capabilities, and ERP integrations (SAP, Oracle, Sage, Stripe) for enterprise and government organisations.
• iTAP Terminal Operating System Comprehensive, configurable, modular, and fully integrated Terminal Operating System for port terminal automation and cargo management, with cloud-based deployment option; helps port operators optimise cargo operations, maximise productivity, and execute Port 4.0 modernisation.
• PRIVASAT VSAT Satellite Broadband
• SILVERSTREAMS Tier IV Data Centre Next-generation, sustainable Tier IV data centre under development in Bagan Datuk, Perak, designed to deliver up to 99.995% uptime with AI-enabled operations, energy-efficient systems, and strong physical/cybersecurity for mission-critical cloud computing, enterprise workloads, and AI services.
• PRIVASIA Sdn Bhd IT Managed Services IT infrastructure outsourcing, consultancy, and systems integration services, including managed IT support, cloud services, enterprise systems integration, and consultative IT strategy for high-growth organisations and Malaysian government-linked companies.
• PRIVANET Wireless Network Services Wireless communication and managed network services, licensed by MCMC as both Network Service Provider (NSP) and Network Facilities Provider (NFP), distributing telco-grade wireless equipment and delivering wireless broadband and network infrastructure solutions.
• PRIVATEL RF Engineering Services Professional RF engineering services including radio network planning, performance optimisation, and advanced drive testing across GSM, WCDMA, WiMAX, and LTE technologies for service providers and vendors seeking enhanced wireless coverage and network efficiency.
• PRIVASIA IOT Solutions Internet of Things (IoT) solutions and services including connected device ecosystems, real-time monitoring, and smart automation that help organisations unlock operational efficiencies, improve user experiences, and enable data-driven decision-making.
• DJAVA FACTORY Software Development and IT Consultancy Boutique software development and IT consultancy specialising in Java-based enterprise and web application solutions, delivering high-quality software, scalable systems, and practical digital capabilities for operational efficiency and growth.

Quantifiable outcome

• 17% cost savings in first half of 2024 for leading Malaysian conglomerate using PROCUREHERE
• +3 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability1 record

Feature5 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Inspur Cloud Information (Malaysian subsidiary of China's Inspur Cloud Information)coreStrategic or Co-development Partner · 10 April 2026PRIVASIA entered into a RM569 million ($144 million) contract with Inspur Cloud Information to build a 10MW data center in Bagan Datuk, Perak. Phase one targeted for completion by end of next year.
• Felcra BhdcoreStrategic or Co-development Partner · 12 November 202530-year land lease agreement signed with Felcra for the data center site in Bagan Datuk, with option to renew for another 30 years. Lease payments include first-year commitment fee of RM150,000, annual rentals of RM303,000 for years 2-3, and RM606,000 to RM1.5 million annually from year 4 onwards.
• Mara Inc (investment arm of Mara Corp)minorStrategic or Co-development Partner · 11 December 2024Mara Inc and PRIVASIA signed MoA for data center development. Initial joint venture has been replaced with Mara providing support role in government relations, regulatory approvals, utilities, land matters, and onboarding of government-linked clients. 10% annual profit distribution to Mara Inc for 30-year collaboration.
• SAP, Oracle, Sage, STRIPEcoreTechnology or IntegrationPROCUREHERE integrates with SAP, Oracle, Sage, and STRIPE enterprise platforms, synchronising data between procurement, finance, and accounting systems.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Coupa Software: Global incumbent in source-to-pay and procurement SaaS. Directly comparable to PROCUREHERE in functional scope, with a much larger global footprint and enterprise customer base.
• YTL Data Center: Malaysian incumbent Tier III/IV data center operator backed by YTL Power International. Directly comparable to SILVERSTREAMS as a sovereign-grade data center provider targeting ASEAN and hyperscaler demand.
• SAP (Ariba): Global ERP and procurement (Ariba) software leader. PROCUREHERE integrates with SAP directly, and SAP's source-to-pay suite is the most direct global competitor in the procurement SaaS category.
• GEP Worldwide: Global procurement and supply chain software and services provider. Comparable to PROCUREHERE's source-to-pay functionality and to PRIVASIA's broader procurement services offering.
• NTT Data (Malaysia): Global IT services and data center operator with significant ASEAN presence. Comparable to PRIVASIA's IT managed services and SILVERSTREAMS data center businesses, with broader portfolio.

Direct peers

• HeiTech Padu Berhad: Malaysian-listed IT services and managed services provider with deep government and GLC client base. Directly comparable in targeting Malaysian public sector digital transformation mandates.
• MyEG Services Berhad: ASEAN-listed digital services company delivering government-facing e-services and SaaS platforms. Comparable as a Malaysian provider of compliance, procurement, and citizen-facing digital services.
• Kelington Group Berhad: Malaysian-listed engineering and IT services group serving government-linked and industrial clients. Comparable for its broad managed services footprint and Malaysian GLC exposure.

Emerging players

• Tideworks Technology: Specialist port terminal operating system (TOS) vendor serving global container terminals. Directly comparable to iTAP for port automation and TOS market positioning.
• MEASAT Satellite Systems: Malaysian satellite operator offering VSAT and broadband connectivity across ASEAN. Comparable to PRIVASAT in serving remote-site, maritime, and enterprise connectivity needs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/privasiagroup

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries9 records

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 Privasia Technology