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Contract Type
partnership
MalaysiaSecurityDescription
Datasonic has entered into a conditional share sale agreement with Revenue Group Berhad for the acquisition of 51% equity interest in Innov8tif Holdings for a total cash consideration of RM40.00 million. Innov8tif Group is focused on providing identity assurance solutions using AI-based ID assurance systems and low-code platforms. The acquisition will enable Datasonic to provide services across the identity assurance lifecycle and benefit from Innov8tif Group’s digital ID technologies and digital onboarding solutions.