The entrepreneur who turned down US$63m

PETALING JAYA, July 21 — Ivan Teh, founder and managing director of AIM-listed Fusionex International Plc, has quietly gone on building a big data company that has had an eye-popping 1,000 per cent cumulative growth rate since its launch in 2006.

There are many things that stand out about Ivan, but one of them is this – his business had no angel investor, nor any venture funding. It was purely built on cash flow from satisfied customers and, in the first six months, on the sweat and toil of Ivan who put in 18-hour workdays to understand customer needs and build the software platform himself. He was a one-man show.

“It was an intense period,” he concedes, looking back. “I was speaking to my contacts and potential customers trying to understand their needs and to get a finger on the pulse as to why people would purchase my software. This was then followed by a lot of thought processes that went into trying to do something different.”

And what was this something different?

Nothing sexy, really. He just resolved to give customers a solution that was easy to use and effective to help them make sense of their data.

“People get confused. There are a lot of options out there to build your own big data solutions but in all honesty, most organisations don’t care, or don’t have the skill sets. This was the pain point I wanted to solve,” he says.

Ivan Teh
Ivan Teh

 

As anyone who has ever tried it knows, the hardest thing to do is to hide the complexity of very tough problems behind an easy-to-use front-end solution for customers.

This then translated into building the platform that Ivan worked on himself.

“From preparing the templates to coding the software to the documentation, I did it all myself,” he says, adding ‘pau ka-liao,’ colloquial Hokkien that roughly translates to ‘doing everything by one’s self.’

“It was an intense, exciting and, to be honest, painful time, but the great thing is that you woke up every morning highly motivated because you knew you were not doing anything monotonous,” he says.

Fast forward from those startups days in 2006 to Dec 18, 2012 and Fusionex listed on London’s Alternative Investment Market (AIM) exchange with a big data focus, one of the sexiest terms in tech today.

Indeed, during the pre-IPO (initial public offering) roadshow, 38 of the 50 institutional investors who approached came on board. “The response was overwhelming,” says Ivan.

In all, Fusionex had RM200 million (US$62.8 million) committed to it, with the IPO offer oversubscribed by 300 per cent.

Amazingly, Ivan only took RM60 million (US$18.9 million), which is what his company had set out to raise. “I was told it was quite unheard of. But to me, taking all that money comes with a sense of responsibility. You have to do something in return. We could have taken the money and spent it differently and on the wrong strategy. That does not help your credibility,” he says.

Instead, what he did earned Fusionex huge credibility and translated into the fact that there were no selling shareholders on its IPO. In fact, everyone was interested to buy more.

Ending Dec 31 2012, Fusionex’s share price stood at £3.965 (RM21.48), more than double its IPO price of £1.70 (RM9.20) on Dec 18 2011.

With big data being its key focus since 2011, Ivan expects Fusionex to build on the momentum it has, aided by the RM50 million (US$15.7 million) it has committed to invest in R&D (research and development) over the next three years to strengthen its big data and analytics core. — Digital News Asia https://m.facebook.com/FusionexInternational/posts/908037479326887

 

SEO Specialists Perth

The instant you full SEO Specialists Perth pro or perhaps Seo Company, leave their abilities. Furthermore, you demand to trust their proficiency as well as likewise knowledge. Execute deliver freehand to team up with their method and also pamper by yourself in discovering the aspects involving their procedure in addition to strategy. You might describe the plan of attack they prepare for your world wide web website, especially in addition to each of all of them. This are going to absolutely support your S.E.O expert in getting your confidence along with in addition are going to undoubtedly aid you within a comfort admit your Online marketing specialist.

Select an Online search engine Optimization pro/ S.E.O service based upon the document. When find any sort of type of professional based upon the potentials, then ready to obtain the fee work which you expect coming from him. “If you shell out peanuts, you obtain apes”. There are in fact a ton of people that ready to do Online marketing in a variety of hundred dollars. Their task is in fact simply to factors keywords as well as additionally create meta as well as additionally they are really accomplished. So my assistance is really to end up being careful while selecting S.E.O in addition to prep to invest for top-notch work as it is really a single thing which is in fact checking out make a lot more CASH to your solution and also your growth hinges on this.

SEO Company Sydney
SEO Company Sydney

Catapultz
4/6 Burton Street, Indooroopilly.
QLD 4068 Australia.
+61 402 745 515.

Based upon my know-how in carrying out Online marketing projects for over half a years, I am really releasing a post get access to which cares for the suggestions for a consumer handling any kind of kind of Online marketing specialist or maybe Internet search engine Optimization association for optimizing his web rest – https://www.catapultz.com.au/seo-perth/.

Internet Search Engine Optimization is in fact abstaining a single job and also later on remainder and also count on completion leads. You might connect it alongside the recurring marketing along with investments tries. You require to must sustain tweak the method based upon completion leads which you get creep after crawl. You demand to figure out minimal standards along with generate renovations in your world wide web website/ content/visuals appropriately to guarantee you experience a lot better in addition to much better visibility. After the task is really executed, it relates to committing possibility & campaigns to withstand positions as well as additionally continue representing boosting positions.


Online marketing can easily certainly not run miracles despite their know-how along with previous track record. Especially if the internet site is in fact brand-new, it could take months to definitely check out internet website traffic residential or commercial property up because of Online marketing task. So its very own appealing dishonest on your element to foresee your net web site turning up in leading 10 online search engine leads webpage within a month of Seo task executed. This is really the primary main reason why an exceptional Online marketing certified DO NOT vow any kind of form of outcome for the Online marketing job.

Online Marketing is in fact absolutely not a fuse wire which may conveniently generate a link of scenarios as well as additionally your web site are going to certainly be really bothered alongside the huge stock a concern of your opportunity. You require to need to end up being customer alongside S.E.O. It takes a while to use Internet search engine Optimization as it is really a professional method as well as likewise might be actually administered after taking a selection of procedures, each requiring comprehensive research. The approach carried out with a Seo professional may take an even though to get catalogued correctly as well as additionally it could take a little bit to acquire thankfulness with web online search engine in connection with placements.

You require to need to info Online search engine Marketing pertaining to every minutes aspect referring to the functionality of your company to see to it that he might think about a reputable review on keywords. Consult with him relating to the qualities of your service, customer activities, thing array, your opponents, meant group/area. Based upon the appropriate details provided with you, Online marketing might pick ideal compilations of crucial words as well as additionally may effortlessly improve your internet site rankings as well as likewise get the most ideal guest web traffic.