Technology firm DFNN Inc. has signed a joint venture deal with Singapore-based software and technology firm CYG Pte. Ltd. to roll out solutions and services for both the local and international markets.
In a disclosure to the Philippine Stock Exchange last week, DFNN said the strategic partnership with CYG was aimed at optimizing its current technology platform offerings and merging local efficiencies with international benchmarks.
The disclosure said the joint venture would act as an “accelerator,” with DFNN and CYG collaborating to deploy “robust, scalable and proprietary” technology solutions and services.
“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,” DFNN chief executive officer Calvin Lim said.
CYG CEO Michael Li said: “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.”
DFNN’s e-casino product and platform, Instawin, is a key provider of 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 games.
The company 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 said its extensive end-to-end system, coupled with CYG’s expertise, would further enhance its systems and marketability.
Through its subsidiaries, DFNN also possesses licenses for electronic gaming machines (EGMs), sports betting, and digit and pari-mutuel games with the Philippine Amusement and Gaming Corp. (Pagcor).
For its part, CYG is part of a group of companies with over a decade of experience in the global gaming business. It provides industry standard electronic game content, computer software development and provision of information technology services. CYG focuses on solutions for the online gaming industry, with expertise in the field of betting exchange technology and casino platform technology.