IFS & KPMG Forge Strategic Alliance

Kuala Lumpur, August 14, 2001 ---- IFS Malaysia Sdn Bhd and KPMG Consulting Sdn Bhd today announced the signing of a strategic alliance agreement. The alliance encompasses joint sales and marketing activities, as well as, consulting and implementation of IFS business application solutions that are targeted towards the manufacturing sector.

"We are pleased to have KPMG as a business partner. The combination of KPMG's expertise in IT consulting and IFS' leading edge business application solutions, will enable us to provide a comprehensive solution to all our customers. In addition, through this extension of channel network, we firmly believe that it will further strengthen IFS's market position in Malaysia," said Mr. Timothy Chua, managing director of IFS Malaysia Sdn Bhd.

Dr. Y.K. Chin, managing director of KPMG Consulting Malaysia, said, "We believe that working with IFS as a strategic business partner is timely as IFS' component-based technology will allow us to provide our clients with a step-by-step approach to improving their IT and business environment.

Small and medium enterprises (SMEs) stand to benefit from this approach as they are able to implement the solutions at a pace they decide and can spread the cost of the IT investment over a longer period. We will be working with IFS to deliver business solutions to address various industry-specific requirements of our clients."

IFS Malaysia, established in 1997, provides its customers with a full suite of sales, consulting and support services. It also provides research and development services for its prospects and customers through its R&D arm, IFS Malaysia R&D. IFS Malaysia R&D is a Multimedia Super Corridor status company.
Through its strategic alliances, KPMG helps its clients harness the Internet to achieve a sustainable competitive advantage. It provides a full range of technology and process services to companies that need advisors who understand the challenges of doing business in the recent challenging landscape. With its state-of -the-art e-Solution Centre, potential clients can now gain first-hand experience on how business solutions work and deliver value to their organizations in a 'live' environment.