DFNN Inks JV Agreement with CYG
DFNN Inc. (PSE: DFNN) has signed a joint venture agreement with CYG Pte. Ltd. Headquartered in Singapore, CYG is a software and technology company with a research and development center based in Taiwan. The strategic partnership is aimed at optimizing the Company’s current technology platform offerings and merging local efficiencies with international benchmarks.
The joint venture will act as an accelerator with DFNN and CYG bringing their experience collaborating with and supporting its clients with robust, scalable and proprietary technology solutions and services that could be deployed for both the domestic and international markets.
DFNN’s e-casino product and platform, Instawin, is the premier leader in the Philippines providing the most extensive variety of games in nearly 200 locations across the country. The platform consists of a Cashier Management System which allows for easy member administration, cash management, member loyalties, analytics and detailed transactional reporting along with a Unified Gaming Lobby which accommodates all games on a single platform, enabling members to easily find and explore new and exciting games. DFNN also controls the important intellectual property for its products, and thus, can customize and cater its solutions to the evolving needs of its customers. DFNN’s already extensive end-to-end system coupled with CYG’s expertise will further enhance its systems and marketability.
DFNN CEO Calvin Lim stated, “We are looking forward to working with CYG because we are thoroughly aligned in our vision of transforming the quality of technology in the Philippine market. From evaluating opportunities to sharing best practices in operations, CYG will be a valuable partner in how DFNN further develops its platform and services.”
CYG CEO Michael Li shared, “We are very excited to have this opportunity to work alongside DFNN to expand and develop an already extensive system. Drawing from our expertise in the online industry, we aim to improve efficiencies internally for operations and technical support, automating manual tasks where possible, whilst further providing members with a secure, scalable and user-friendly platform they can continue to enjoy.”