KUCHING: Sarawak Information Systems Sdn Bhd (SAINS) and its subsidiary, SiliconNet Technologies Sdn. Bhd. (SNT) have announced that they no longer have any legal or financial obligation or any other form of involvement or association with dBazzar Sdn. Bhd (DBSB).
“We at Sarawak Information Systems Sdn Bhd (SAINS) and our subsidiary, SiliconNet Technologies Sdn. Bhd. (SNT) feel it is necessary to address the concerns that have recently been raised by members of our community.
“We understand the importance of transparency and wish to provide clarity regarding our involvement in this matter,” SAINS said in statement on Thursday in response to recent developments concerning its company’s collaboration with DBSB.
According to the statement, in April 2021, SAINS, SNT and DBSB entered into an agreement to collaborate on an eCommerce business called dBazzar.
“SAINS was responsible for the provision of application hosting services and technical support whereas SNT provided SPayGlobal as the exclusive payment gateway for the mobile application-based e-commerce platform owned by DBSB (known as “dBazzar.com”).
“The aforementioned agreement was breached by DBSB in the third quarter of 2023.
“In September 2023, SAINS divested its shares in DBSB and effectively terminated its provision of the SPayGlobal payment gateway to DBSB earlier this year,” the statement read.
Therefore, it said that pursuant to the termination of the agreement, henceforth SAINS and SNT no longer have any legal or financial obligation or any other form of involvement or association with DBSB.
