Cenmetrix eyes overseas expansion and strategic partnerships in 2022
Cenmetrix Pvt Ltd eyes overseas expansion and explores strategic partnerships in the coming year with the aim of multiplying its growth in the advanced technology solutions sector. The Company which offers digitized asset and resource management solutions defied all odds of the COVID-19 pandemic and economic slowdown during the year, being one of the few companies to close the financial year on a record high.
Cenmetrix set up an office in the United States earlier this year to expand its solutions and services in the American continent, and plans to further expand into the Asian region by entering Bangladesh. The Company has already successfully implemented HR, biometric and digital resource management solution projects for state and private sector clients in Sri Lanka, USA, Maldives, and South Korea.
“We are confident about expanding into overseas markets with our digitized asset management solutions and we want to expand our international project portfolio more aggressively in the coming years, backed by our successes overseas during the last few years,” said Ziyam Kamil, Director Cenmetrix Pvt Ltd.
Cenmetrix is currently considering strategic partnerships with potential investors and technology partners to contribute to the Company’s growth. The Company has also appointed industry experts to the Board to steer its growth strategies and enhance its capabilities.
The Board of Directors recently appointed Arj Wignaraja to its Board, a reputed strategist, entrepreneur and investment advisor. Wignaraja has helped formulate business strategies for Global Fortune 500 companies as well as leading Sri Lankan corporates during his 25 plus year career at the Boston Consulting Group, Stax Inc, and now at Good Life X (GLX). He is a founder of Remote Sensing Metrics, which provides proprietary insights to Wall Street investment firms based on satellite and aerial imagery. Wignaraja also serves as an advisor to Cerberus Frontier, the frontier markets investment arm of Cerberus Capital Management.
Cenmetrix operates across 3 countries, servicing 750 corporate clients in providing technology solutions to manage their assets more efficiently and effectively through the digitization of resources and infrastructure. With close to 8,000 installations across the board, the Company plans to grow its presence in the IT/technology sector with innovative solutions.
“Built on our recent successes in biometrics, RFID and artificial intelligence (AI) technology, we are excited to offer advanced IT solutions in future using digital technology to increase productivity and efficiency of organizational resources and infrastructure,” Kamil said. The Company provides secure access to assets and helps monitor deployment and utilization of assets and infrastructure through a blend of hardware and software solutions. This enable clients to optimize their asset utilization and investment decisions, whilst increasing the productivity and efficiency of the organization.
Cenmentrix reported a growth in revenue in 2020/2021 over the previous financial year, demonstrating its resilience at a time when most companies and industries are grappling with the impacts of the pandemic and the subsequent macro-economic challenges. The company has continued to maintain robust profitability through prudent financial management during these challenging times.
About Cenmetrix
Cenmetrix is a technology pioneer in Sri Lanka that has enabled organizations to digitize their assets and infrastructure by deploying innovative technology such as biometrics, RFID, artificial intelligence, and IoT. Cenmetrix solutions help ensure that assets such as land, buildings, factories, vehicle fleets, furniture, equipment, and raw materials are secured, tracked, and optimized to support business objectives, whilst providing analytics such as measurements and data insights to ensure investments are well spent.
The company is the exclusive distributor for leading brands such as Suprema (biometrics), Alien Technology (RFID), Nedap (long-range identification), Skidata (parking systems) and Samsung SDS (smart homes). Cenmetrix expanded its software solutions in 2014 under its subsidiary Cemex Software Pvt Ltd, which provides cloud-based human resource and talent management solutions. Cenmetrix is also evaluating GPS, robotics, and blockchain-based solutions as it seeks to enable its clients with greater transparency, visibility and accountability in their operations and related supply chains.
