29 August 2012

Frost & Sullivan Opens Global Innovation Center of Excellence in Iskandar Malaysia

Johor Bharu, Malaysia - 29 August 2012 (PRNewswire) - Frost & Sullivan today opened its doors to their Global Innovation Center (GIC) of Excellence in Iskandar Malaysia. The project is the result of a strategic collaboration with the Multimedia Development Corporation (MDeC) and Iskandar Investment Berhad (IIB) that was announced by the YAB Prime Minister, Dato' Seri Mohd Najib Tun Abdul Razak during the Iskandar Malaysia 5th Anniversary celebration late last year. 

Frost & Sullivan Global President & Managing Partner, Aroop Zutshi said "We are very pleased to be part of the developments in Iskandar Malaysia. Frost & Sullivan believes that the development of the GIC here will be a real game changer for the future of the company." 

Aroop continued, "Our goal is to create new knowledge-based activities and develop specialized skills that will support Malaysia's goal to be a high-value, high-income nation by 2020." 

Frost & Sullivan has always been at the forefront in driving growth for its clients, with a range of innovative products and services tailor-made to address clients' needs. Frost & Sullivan Malaysia currently has 120 employees in Kuala Lumpur and aims to add another 830 in Iskandar by 2020

"The Global Innovation Center in Iskandar will serve Frost & Sullivan's global operations and offices, providing opportunities for local employees to work on global projects. We are committed and invested to effectively contribute and bring new competencies and skill sets into the country," said Manoj Menon, Partner & Asia Pacific Managing Director, Frost & Sullivan. 

MDeC Chief Executive Officer Datuk Badlisham Ghazali noted that Frost & Sullivan has had more than 10 years of experience in Malaysia and is a part of the MSC Malaysia initiative. "MSC Malaysia welcomes companies who continue to look at Malaysia for future growth and bring new competencies and skill sets into the country. One example is the digital media COE which will see content being developed in new formats for different applications." 

IIB President/Chief Executive Officer Datuk Syed Mohamed said, "We believe the Frost & Sullivan GIC project is a critical component that would further add value to Medini Iskandar Malaysia; a multi-billion dollar integrated urban development, envisioned to be the pulse of Iskandar Malaysia." 

Frost & Sullivan, headquartered in Mountain View, California, has more than 1,500 consultants globally researching and analyzing new market opportunities for corporate growth. 

Frost & Sullivan established an office in Kuala Lumpur, Malaysia in 2000 with 10 employees. The Kuala Lumpur office currently has more than 100 dedicated consultants covering 9 major industries across 18 countries in Asia Pacific. It is also the company's largest office in South East Asia. 

Source: Frost & Sullivan (PRNewswire)