MOL AccessPortal Named to Deloitte Technology Fast 500 Companies of Asia Pacific
MOL is highest ranking Malaysian firm and ranked 23rd among Asia Pacific’s fastest-growing technology companies for 2010
KUALA LUMPUR, Malaysia, December 9, 2010 – MOL AccessPortal Berhad (MOL), a leading payment service provider for online games, virtual worlds and social network in Asia, has been named one of Asia Pacific’s fastest-growing technology companies, according to Deloitte.
MOL (www.mol.com), ranked No. 23 on the 2010 list of Deloitte Technology Fast 500 Asia Pacific companies, recorded revenue growth of 1,181% over the past three years. MOL ranked in the top Malaysian technology companies listed this year. The company is headquartered in Malaysia and has offices in Southeast Asia and India.
In addition to this, the list also shows that MOL is the highest ranked Internet company in Southeast Asia; reaffirming the position of its parent company, MOL Global, as Southeast Asia’s leading Internet company.
MOL is a wholly-owned company of MOL Global (www.molglobal.net) which early this year acquired Friendster (www.friendster.com), a pioneer social networking service. Through its ownership of MOL and Friendster, MOL Global is Southeast Asia’s largest end-to-end content, distribution and commerce network, pairing MOL’s physical payment collection points and payment platform with Friendster’s large online footprint, social network and user community.
“Because Deloitte Technology Fast 500 Asia Pacific measures revenue growth over three years, being one of the 500 fastest growing technology companies in Asia Pacific is an impressive achievement,” said Yoshitaka Asaeda, partner in charge of Deloitte’s Technology Fast 500 Asia Pacific program. “MOL AccessPortal deserves a lot of credit for its remarkable growth.”
“It’s truly rewarding for MOL to be recognized by Deloitte as one of the Asia Pacific’s fastest-growing technology companies,” said Ganesh Kumar Bangah, president and chief executive officer of MOL AccessPortal Berhad.
For the last 10 years, MOL has been helping game and application developers to monetize their virtual currency and generate revenue, and allowing consumers to obtain virtual currency easily through its payment channels.
“While the market demand for digital lifestyle services continues to grow rapidly, acquiring online products from across the world can be a challenging and complicated process. MOL continues to strive by providing a rich resource and a one-stop shopping experience for purchasing digital lifestyle services,” said Mr Bangah. “I also believe our ability to thrive in today’s economic climate is due to the strategic value our solutions provide to our partners—allowing them to respond quickly to change, scale their businesses in this region, reduce costs, and ultimately, to be more competitive.”
In the last few months, MOL announced strategic partnerships with companies including Facebook and Paypal to launch new monetisation services for these global Internet companies in Asia. In the coming weeks, the company will roll-out one of its biggest advertising and marketing initiatives to drive monetisation of social and gaming applications in the region.
About the Technology Fast 500 Asia Pacific Program
The Deloitte Technology Fast 500 Asia Pacific program recognizes technology companies that have achieved the fastest rates of revenue growth in Asia Pacific during the past three years. The program is supported by the Deloitte Technology Fast 50 initiatives, which rank high growth technology companies by location or specifically defined geographic area and is run by Deloitte Touche Tohmatsu Limited’s Technology, Media & Telecommunications (TMT) global industry group.
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee, and its network of member firms, each of which is a legally separate and independent entity. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte Touche Tohmatsu Limited and its member firms.
Deloitte provides audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. With a globally connected network of member firms in more than 140 countries, Deloitte brings world-class capabilities and deep local expertise to help clients succeed wherever they operate. Deloitte’s approximately 170,000 professionals are committed to becoming the standard of excellence.
About MOL AccessPortal Berhad
MOL AccessPortal Berhad (MOL) is one of Asia’s leading payment service providers. MOL is a MSC Malaysia Status Company that operates and develops payment system. MOL handles over 60 million transactions with an annual payment volume of more than US$200 million. MOL leverages on a network of more than 540,000 physical payment collection points across more than 75 countries. It is also linked online to 88 banks in 9 countries worldwide.
MOL is a trademark of MOL AccessPortal Berhad in Malaysia. All other product and company names herein may be trademarks of their respective owners.
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Hi-res company’s logos and executive photos can be downloaded at: www.flickr.com/molpr