2010-12-09 14:00 
MOL is highest ranking
Malaysian firm and ranked 23rd among Asia Pacific's fastest-growing
technology companies for 2010
KUALA LUMPUR, Malaysia, Dec. 9, 2010
/PRNewswire-Asia/ -- 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.
About Deloitte
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.
Media Contact:
Carolyn Chan, MOL Global
Tel: +603-2082-1228
Email: [email protected]
Hi-res company's logos and executive
photos can be downloaded at: www.flickr.com/molpr
SOURCE MOL AccessPortal Berhad