HomeNewsVideos

Xapiens Teknologi to manage Petrosea’s tech services for the next 5 years

03 September 2021 14:12

JAKARTA. PT Pterosea Tbk (PTRO) and PT Xapiens Teknologi Indonesia had performed an affiliated transaction in the form of managed service contract within the next five years. The said contract is worth IDR 188.06 billion.

Quoting the information disclosure in Indonesia Stock Exchange today (3/9), the said agreement specifies that Xapiens would provide services for five years ahead. They include customer support, application support, ERP application support, end-user management, link connection, network and communication, infrastructure, backup, and cloud services. As mentioned before, this service contract’s value reaches IDR 188.06 billion.

This transaction is considered an affiliate transaction as there is a direct relationship between the two companies. They are both directly and indirectly owned by the same company, PT Indika Energy Tbk (INDY). Indika Energy controls 69.80% of Petrosea, while possessing a small portion of 0.1% in Xapiens. Additionally, Indika Energy claims absolute ownership over PT Indika Digital Teknologi, which holds 99.9% of Xapiens’s shares.

Meinar Kusumastuti, Director of PTRO, claims that the recent transaction with Xapiens is intended to create and establish a synergy between companies under one group. “The business centralisation in the group would generate efficiency in transaction compared to non-affiliated transactions,” Kusumastuti elaborates. (AM/ZH)

© 2024 - IDN Financials - All Rights Reserved.