Singapore-headquartered broadband access provider and MVNO MyRepublic has selected Hitachi to help it drive the company’s burgeoning telecommunications technology strategy and enhance its business operations in Singapore, Indonesia, New Zealand and Australia, Networks Asia reports. MyRepublic, which is backed by Indonesian telco Sunshine Network and French telecoms billionaire Xavier Niel, will use Hitachi’s Vantara’s Pentaho Data Integration and Business Analytics platform to help it expand further into the region and to launch mobile services on top of existing broadband services, the report says. ‘The implementation of Hitachi Vantara’s Pentaho data integration and analytics has strengthened MyRepublic’s telcotech strategy across the region, which will help us to scale quickly and expand our offerings to other markets in the future,’ said MyRepublic group CIO Eugene Yeo. ‘While we have made significant manpower savings, the bigger benefit is the robust data pipeline we’ve been able to build. Pentaho allows us to add data to this pipeline rapidly, which is important to this vision. Similar to what fintech players achieved with the financial services industry, it paves the way for us to create new data monetization models that will lead to further innovation in the industry,’ the official added.
As previously reported by TeleGeograohy’s CommsUpdate, in November 2017 MyRepublic secured a SGD70 million (USD52.4 million) investment from Makara Innovation Fund (MIF), a private equity fund focused on internationalisation of businesses with strong intellectual property credentials, to expand its enterprise development capabilities and accelerate its expansion across Southeast Asia’s growth markets, as well as build on its existing core markets of Singapore, Indonesia, Australia, and New Zealand. Going forward, MyRepublic plans to launch an initial public offering (IPO) by the end of 2018, or early 2019, and is in the process of raising a SGD100 million pre-IPO round.