AirAsia Signs Contract with IsItUp.com to track and optimise their Fixed Assets

KUALA LUMPUR, MALAYSIA February 14, 2017 – IsItUp.com, a mobile and Software-as-a-Service (SaaS) fixed asset management platform announced today that it has been appointed by AirAsia Berhad to optimise the management and life cycle of their fixed assets across all its operations. Based in both Malaysia and Singapore, IsItUp.com is a platform that enables companies to easily track and manage company assets in a cost-effective and decentralised way across thousands of users and tens of thousands of assets. The service essentially offers corporations a two-pronged approach to fixed asset management: firstly, via its cloud platform and secondly, through the value added service of assisting companies to organize their fixed assets data with advanced tracking technology. It is a relevant tool for a variety of businesses and industries, no matter how big the company may be that have fixed assets such as furniture, laptops, to big corporations who own everything from transportation vehicles to machinery.

AirAsia Group CEO Tony Fernandes said IsItUp.com was chosen due to its commitment to delivering a solution that will maximize value and cost savings, as well as provide transparency through real-time tracking. “As an innovative company AirAsia is always looking at new ways to create efficiency and maximize value. Once fully implemented, IsItUp.com will provide a solution designed to work for an enterprise that covers multiple countries, many locations and is always on-the-go.,” he said.

AirAsia CFO How Kim Lian added “AirAsia continually looks to enhance its processes, so that we can maximize the value of our assets – particularly finding innovative ways in tracking a company’s assets with diversely located operations. IsItUp.com listened to our needs and brought technology to deliver a solution and approach that meets what we require. We look forward to rolling out the platform across the company” he said.

Andrew Diamond, CEO of IsItUp.com said, “Having been through a thorough Proof-of-Concept, we are excited to have been awarded this contract. As a company focused on bringing together value and innovation, working with AirAsia is an affirmation of the value-add that our platform and services brings to the enterprise customer.”

Thus far, IsItUp’s platform and services have attracted the attention of several big enterprises (such as AirAsia) throughout Asia, although initially, the business was targeted more towards SMEs. However, because of the platform’s capability to handle and organise substantial amounts of fixed asset data, larger enterprises with multiple offices or branches through the region have started to take notice.

About the AirAsia Group

AirAsia, the leading and largest low-cost carrier in Asia, services the most extensive network with over 100 destinations. Within 15 years of operations, AirAsia has carried more than 330 million guests and grown its fleet from just two aircraft to over 170. The airline is proud to be a truly Asean (Association of Southeast Asian Nations) airline with established operations based in Malaysia, Thailand, Indonesia, Philippines, India and Japan, servicing a network stretching across all Asean countries and beyond. AirAsia has been named World’s Best Low Cost Airline by Skytrax for seven consecutive years from 2009 to 2015. AirAsia is the first airline globally to collaborate with INTERPOL to implement the I-Checkit system to screen the passports of all prospective passengers against information contained in the world police body’s Stolen and Lost Travel Documents (SLTD) database.

About IsItUp Dotcom Pte. Ltd.

IsItUp.com was developed to provide enterprises with a complete, simple, unified mobile and cloud-based asset management solution. Scalable, innovative, and cost-effective, this platform ensures businesses can increase productivity and revenue growth while managing essential assets. Beside its powerful mobile and cloud management solution, IsItUp.com also offers onsite onboarding services, including tagging and uploading all asset information to their platform. In addition to these services, IsItUp.com provides QR code asset tags to clients as well as network scanning capabilities. Businesses simply scan an asset’s QR code and the relevant information will be available at their fingertips through the IsItUp app, which is available on Google Play and the Apple App Store. IsItUp.com is backed by Gobi Partners, 500 Startups and 8Capita

For media inquiries, please contact:
IsItUp.com
G U Renukanand
anand@isitup.com

Fixed Asset Management Platform IsItUp.com Secures an Investment Round from Gobi Partners

KUALA LUMPUR, MALAYSIA AND SINGAPORE, November 14, 2016 – IsItUp.com, a Software-as-a-Service (SaaS) Fixed Asset Management Platform for the enterprise segment announced today that it has raised an undisclosed investment amount from ASEAN-focused venture capital firm Gobi Partners.

Based in both Malaysia and Singapore, IsItUp.com is a platform that enables companies to easily track and manage company assets in a cost-effective and decentralized way. The service essentially offers corporations a two-pronged approach to fixed asset management, firstly via its cloud platform, and secondly through the value added service of assisting companies to organize its fixed assets data with advanced tracking technology and an Onboard Concierge Team. This second feature is paving the way for IsItUp’s upcoming unique service of Insurance Reporting, which will provide companies with exact valuation for their fixed assets, thus making it easier to gain the right amount of insurance for their property.

Thus far, IsItUp’s platform and services have attracted the attention of several big enterprises throughout Asia, although initially, the business had been targeted more towards SMEs (small and medium-sized enterprises). However, because of the platform’s capability to handle and organize substantial amounts of fixed asset data, large enterprises with multiple offices or branches throughout the region are now starting to take notice. While the company does compete with international platforms, IsItUp has the advantage of being a homegrown, ASEAN-based establishment, which is striving to provide a simpler process and the best technology for fixed assets management for a competitive price.

The investment round secured from Gobi Partners has also provided IsitUp the opportunity to develop and grow its business within ASEAN. “We are excited to be part of the Gobi Partners family, and that they have seen the value-add our platform brings to our customers. The ability to have live-reporting and auditing for an enterprise that has offices in multiple locations and countries is a game-changer.” Co-founder and CEO Andrew Diamond said. He further added: “The additional support from Gobi Partners, together with our existing investors 500 Startups and 8capita provides us with a strategic network and valuable mentorship that will support our growth ambitions in the region.”

Gobi Partners’ ASEAN Investment Director, Victor Chua, concurred with Andrew’s assertions of the unique service provided by this latest platform from IsItUp.com. “IsItUp.com’s platform serves as a significant and effective method for companies to minimize waste and hence optimize expenditure of businesses. In fact, companies can now have a competitive advantage over other enterprises that continue to regulate these functions to the proverbial ‘back office’. IsItUp is also unique in that the platform can be a relevant tool for SMEs that are handling fixed assets such as photocopiers or laptops, to big corporations who own everything from transportation vehicles to computer servers. We at Gobi believe that the team behind IsItUp.com has the relevant background and experience to handle and meet the demand of their clientele. As companies expand, their company asset registers tend to get messier.”

Moving forward, IsItUp is looking into building key partnerships in the ASEAN region and to providing companies with a simpler and more efficient solution for keeping track of fixed assets. For more information, visit http://www.IsItUp.com

About IsItUp Dotcom Pte. Ltd.:

IsItUp.com was developed to provide businesses of all shapes and sizes with a complete, simplified and unified cloud-based asset management solution. Scalable, innovative, and cost-effective, this platform ensures businesses can increase productivity and revenue growth while managing essential assets. Beside its powerful cloud management solution, the IsItUp.com also offers onsite onboarding services, including tagging, sorting through licenses, and uploading all asset information to the platform. In addition to these services, IsItUp.com provides QR code asset tags to clients as well as network scanning capabilities. Businesses simply scan an asset’s QR code and the relevant information will be available at their fingertips through the free app, which is available on Google Play and the Apple App Store.

About Gobi Partners

Founded in 2002, Gobi Partners is a leading venture capital firm with an investment focus on early-stage, digital media, IT and TMT companies. Headquartered in Shanghai, Gobi has six offices across China, Hong Kong, Singapore and Malaysia. The firm has raised eight funds to date, and has invested in over 170 portfolio companies across China and ASEAN.

Gobi’s dynamic team of veteran investors and professional managers work closely with portfolio companies, providing hands-on counsel and a wide range of value-added services to help them achieve sustainable growth and stay ahead of the curve. Well-tuned to the pulse of the industry, Gobi’s investments include dozens of successful and rapidly emerging companies such as Camera360, CiB (acq. by Asiasoft – TB:AS), Cloudwise, CSDN.net, DeClout (SGX:5UZ), DMG (acq. by VisionChina – NASDAQ:VISN), Eko Communications, Hermo, Line0, Madhouse (acq. by BlueFocus – SZ:300058), Mainspring, OffPeak, Opzoon (acq. by Harbin Gong Da High-Tech – SH:600701), PICOOC, Stardrobe, Tuniu (NASDAQ:TOUR) and Yoyi Digital. For more information please visit http://www.gobivc.com

For media inquiries, please contact:
IsItUp.com
Andrew Diamond
info@IsItUp.com
Gobi Partners
Shafinaz Shaharudin
shafinaz@gobi.vc
(+60) 16 - 667 - 064

IsItUp.com raises a six-figure USD seed funding from 8capita and 500 Startups

Singapore, 18th May, 2016 – IsItUp.com, a platform for tracking and monitoring fixed assets today announced it had secured seed funding of an undisclosed amount from 8capita and 500 Startups.

IsItUp.com addresses the issue of unloved and undermanaged fixed assets, explains Andrew Diamond, the firm’s cofounder. “We have found that companies both big and small have the same issue. Millions, if not billions of dollars are invested in fixed assets such as computers, furniture, software, and equipment, yet these assets aren’t being tracked. Instead of being properly maintained, they could be lost in a storage cupboard somewhere. Our mission is to help companies save money by optimising asset value and providing simple, yet valuable reporting.”

Nic Lim, managing partner at 8capita “We are Championing fixed assets and their stakeholders in enterprises. There is a clear opportunity in Asia for us to lead the way and support macro initiatives around risk management, compliance and fixed asset management.”

The company’s cloud solution offers enterprises the ability to seamlessly track and manage their assets through a web interface and iOS or Android mobile apps. This ensures maximum utilization and better return-on-investment for a company’s fixed assets. In addition, the platform helps businesses keep organized, digital audit trails that can be easily stored and exported without digging through stacks of paper.

Besides its powerful cloud management solution, the IsItUp.com team also offers onsite onboarding services, including tagging, sorting through licenses, and uploading all asset information to the platform. IsItUp.com additionally provides a QR code stickers and network scanning capabilities. All businesses need to do is scan an asset’s QR code, and all the information is available at their fingertips.

IsItUp.com’s cloud platform combined with its support services solves many business headaches, from accounting to auditing to utilisation to reporting. Now, businesses have an effective yet simple system to track billions of dollars in fixed assets that many fail to manage effectively.

IsItUp's Andrew Diamond with 500 Startups' Khailee Ng
IsItUp Co-founder Andrew Diamond (L) with 500 Startups’ Khailee Ng
Khailee Ng, managing partner of 500 Startups, is confident about the investment. He says, “What company does not have fixed assets? Every company in the world has plenty, this huge opportunity is right in front of our eyes and this team is going to set the new default for this space.”

Next steps for IsItUp.com include introducing insurance reporting so clients can easily tell if they are over or underinsured, a universal pain point for many businesses. Other upcoming features include software licence management , as well as a help desk. To learn more about IsItUp.com or how the firm can help clients effectively track and manage assets, visit http://www.IsItUp.com

About IsItUp Dotcom Pte Ltd:

IsItUp.com was developed to provide businesses of all shapes and sizes with a complete, simplified, unified cloud-based asset management solution. Scalable, innovative and cost effective, this platform ensures businesses can increase productivity and revenue growth while managing essential assets.

About 8capita

8capita is a technology investment partnership which has made close to 50 investments since 2012. Apart from early stage opportunities, the team also looks at late stage preIPO and M&A opportunities.

About 500 Startups

500 Startups is a global venture capital seed fund and startup accelerator based in Silicon Valley. They have invested in over 1,400 companies in 50 countries since their inception in 2010. The investment team and mentor network consists of successful startup entrepreneurs, investment professionals and experienced operators from companies such as PayPal, Google, Facebook, YouTube, Yahoo, LinkedIn, Twitter and Apple. In Southeast Asia they have invested in over 100 companies, including iMoney, GrabTaxi, Bukalapak, and now IsItUp.

Contact: Andrew Diamond

Name: IsItUp Dotcom Pte Ltd
Web Address: http://www.IsItUp.com
Email: info@IsItUp.com
Source: Andrew Diamond