Hyderabad, Andhra Pradesh, India, April 27th 2012: Ocimum Biosolutions announced an expansion of the BioIT business in Malaysia through a joint venture with a Malaysian company. The new venture, known as Ocimum Biotech Asia sdn. bhd., started operations in April 2012.
Malaysia is seen as a gateway for Ocimum products and services to address the ASEAN markets. Over the past two years, Ocimum, with its highly skilled expertise, has completed many projects in Malaysia. The market dynamics have convinced Ocimum to invest and make their presence in the Malaysian market.
Ms. Anu Acharya, CEO, Ocimum Biosolutions, said, “The markets in ASEAN countries are at the early stages of technology adoption in healthcare, genomics, agribiotech and diagnostics. Ocimum brings in the best global practices in the niche field of Genomics and BioIT to Malaysia.”
The early focus of the company would be to create human resource infrastructure and to launch the existing BioIT products and services with the primary focus being developing the skills sets and advanced technologies across ASEAN market. The products portfolio includes Bioinformatics product suite, Laboratory Information Management System (LIMS) and Next Gen Sequencing services. Effective Shield sdn. bhd. is Ocimum’s distributor in Malaysia.
Mr. Sanjay Bhardwaj, Vice President- Sales at Ocimum Biosolutions, said, “Markets are responding to our BioIT product lines, very positively. We expect to see our sales grow by 50% CAGR after having a regional office in Malaysia. This move improves sales, customer response and after sales support and maintenance. We are very excited!”
Mr. Sridhar Reddy, Vice President – BioIT at Ocimum Biosolutions, said “All our projects in Malaysia have been a resounding success, with excellent customer feedback. We have adopted the latest technologies and processes and have perfected the art of working in global teams. Our team is looking forward to this new venture”.
About Ocimum Biosolutions:
Ocimum Biosolutions is a leading integrated global genomics outsourcing partner with solutions spanning Bioresearch Design and Execution; Data Analytics and Insights; Laboratory, Sample & Data Management; and Integrated Solutions. Ocimum provides comprehensive genomic services and reference databases; data analysis; life science lab information management solutions; and also offers both research level and GLP-compliant services. Majority of the top 25 pharma and biotech companies and leading research institutes worldwide have chosen Ocimum as their preferred genomics outsourcing partner. Ocimum has received several awards including “Bioinformatics Company of the Year” awards for 2010 and 2011, from BioSpectrum, “Fastest Growing Life Sciences Company in India”, Red Herring Asia 100, “IT Innovation Award” by NASSCOM and has been named in the Deloitte list of Fastest Growing companies in Asia, four years in a row.
For more information, please visit www.ocimumbio.com