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Published on : Monday, May 23, 2016
MVI Systems Limited, Asia’s leading provider of entertainment solutions to the hospitality industry, is pleased to announce that NxGen Communications Pte Ltd , has become a 25.19% shareholder in the company following the subscription to new shares.
NxGen, a leading managed services provider and systems integrator for infocomm solutions in Asia, is a wholly-owned subsidiary of Singapore-listed group TeleChoice International Limited.
Anke Gill, Managing Director of MVI said: “We are delighted to have concluded this transaction to welcome NxGen as a strategic shareholder. This new investment will help accelerate our growth and broaden our service offerings, and we look forward to working together.”
Gerald Ng, NxGen’s Managing Director said: ““MVI is one of the leaders in providing IPTV-based entertainment solutions for the hospitality industry with a strong customer base in Asia. As their products are complementary to NxGen’s unified communications solutions, we believe this strategic investment will enable us to broaden our scope of services for our customers in the hospitality segment. It will also present us with the opportunity to pursue new customers through cross selling opportunities.”