StarHub strengthens enterprise offering as Yippy reseller

Singapore

STARHUB has been appointed exclusive reseller of Yippy, Inc in Singapore, a move which allows the telco to offer the US-based technology firm's enterprise search solution in the city-state.

Yippy, which aims to help customers securely search and access data anywhere, is known for its Enterprise Application Service Environment 360 platform, which is fully managed in the cloud or on site by Yippy.

"This enables our resellers or partners to solve some of the toughest IT challenges and help clients evolve into more productive and efficient organisations," the Miami-based company said in its annual report for the year ended May 31, 2018.

Yippy has formed a wholly-owned subsidiary in Singapore, Yippy SG Pte Ltd, and will operate certain technology assets in partnership with StarHub, effective immediately.

In the last couple of years, StarHub has strengthened its enterprise offerings to include private and managed cloud services, data analytics, cybersecurity, IoT, robotics and digital platforms, among others.

"We enable governments as well as companies in a variety of industries including banking, legal, insurance, education and healthcare services to implement their very own enterprise search engine with built-in smart bots, connectors and machine learning to extract meaningful data in real-time across all internal and external sources," says Chong Yoke Sin, StarHub's chief of Enterprise Business Group.

Dr Chong, who is responsible for driving the telco's next growth phase in the enterprise business, believes StarHub's enterprise customers will benefit from the alliance with Yippy.

"Yippy's search engine delivers superior performance for any corporate, e-commerce or intranet search," she explains.

Yippy said it has delivered production solutions running for more than four years with "99.9999 per cent uptime reliability".

For Yippy, the value-added reseller sales model will continue to be its main focus.

"Management believes software and applications will drive the business and by partnering select companies, Yippy can maximise both revenue and profits throughout regionalised territories around the world with major telecom and software providers," it said in the annual report.

Richard Granville, Yippy's chief executive officer, reveals that the IT company and StarHub have been engaged over the past year in multiple large projects in Singapore and received high marks from clients currently testing offerings.

"We believe StarHub and Yippy will be very successful in Singapore as we maintain industry leading solutions for private and managed cloud offerings," he says.

At S$1.77 a share, StarHub is trading at an earnings multiple of 14.39 times its estimated FY2018 earnings.