Latest news with #PEOPLElogy
New Straits Times
19-06-2025
- Business
- New Straits Times
PEOPLElogy charts regional growth
KUALA LUMPUR: Integrated people development solution provider PEOPLElogy Bhd is charting an ambitious regional expansion plan, with the aim to transform 10 million digital talents in Southeast Asia. Founder and managing director Alan Lee said the company is planning expansions in Indonesia and the Philippines to create operational hubs via joint ventures or mergers and acquisitions. Lee also said Sabah and Sarawak present a golden opportunity for the group, considering their emphasis on digital talent. "I have spent more than nine months in 2023 exploring these markets. What I can say is that the response to PEOPLElogy's ecosystem was overwhelmingly positive. "It is a painful journey for small training firms with no branding, no capital, no processes. When we bring our 6D framework and technology, we help them scale and we do not just compete, but we also collaborate," he said in an interview. On top of that, Lee said its regional office in Singapore will serve as a business development hub to promote its solutions across Asean. "Through our Singapore office, we aim to forge stronger partnerships and deliver impactful learning solutions." DEVELOPING DIGITAL SKILLS Founded in 2001, PEOPLElogy has grown from a traditional training company to a tech-enabled human capital solutions provider. It has more than 1,500 corporate clients and has trained over 250,000 people. The company operates in Mid Valley City, Kuala Lumpur, with branches in Selangor, Penang and Johor. In the next five years, PEOPLElogy plans to train up to 10 million digital talents in Southeast Asia. According to Lee, the digital skills gap is a significant challenge for businesses in Southeast Asia, with more than 60 per cent reporting a large gap that hinders their digital transformation. Projections show that more than 800 million jobs worldwide may be taken over by automation by 2025. Therefore, Lee said there is an urgent need for lifelong learning and skills development. "We plan to carry out the training in stages, helping people acquire key skills, especially in the digital field. "Since 20 years ago, I have been keeping count how many people we have impacted. In 2016, I found out that the fastest and easiest way is to leverage technology. "That was the year I incorporated PEOPLElogy Digital. We decided to leverage technology to accelerate growth. So, in 2019, we got our mobile app ready. "I am pretty sure in the next three to five years, we should be able to impact 10 million people throughout Southeast Asia." STRONG MARKET FUNDAMENTALS PEOPLElogy was successfully listed on Bursa Malaysia, marking a historic milestone as Malaysia's first public-listed people development company, pioneering the future of digital workforce transformation. Lee is aware that there is market uncertainty, but remains optimistic about the company's outlook. He said the company has secured RM9.1 million in sales for the second quarter. It posted RM5.47 million in net profit in 2024, with revenue growing 18.2 per cent year-on-year to RM29.24 million. "Despite higher operational costs, our upward trend reflects growing demand and solid business fundamentals. "The tariffs do not affect us. I believe that there is no right time. We just need to work around the situation. We are still small compared to the market size, and with this listing, we are scaling to meet demand. To summarise, I think we are pretty confident," he said. CYBER RANGE LABORATORY A significant portion of the proceeds from the initial public offering (32.38 per cent) was allocated for a state-of-the-art Cyber Range laboratory in Kuala Lumpur. Lee said there is increased demand for cybersecurity programmes due to cyber threats and data breaches impacting individuals and organisations in Malaysia. According to him, the RM3 million facility will offer immersive, gamified cybersecurity training. "Just imagine, entering Cyber Range Laboratory is like stepping into a game. But it is a game that could save your company from a real cyber threat." The company has yet to identify a location for the simulation lab. Lee also said PEOPLElogy plans to launch Version 2 of its digital learning platform, building on its current business-to-business and business-to-consumer mobile apps. The platform supports the company's proprietary 6D methodology (discover, design, develop, deploy, digitise and deliver) which helps organisations identify talent, design learning journeys, train staff, monitor results and ensure behavioural change. "Unlike traditional training firms, we do not just give you the medicine but we also run a full diagnosis. We help organisations identify what they need, train their teams, monitor their progress and ensure long-term behavioural change through technology." COMPETITION IN THE INDUSTRY As it positions itself for regional growth, Lee said PEOPLElogy remains confident about its unique market position. "Looking forward, we do not see any firm in Malaysia as our direct competitor as we are not just a training services provider, but an end-to-end integrated people development solutions provider. "We believe that our 6D framework makes us a unique platform for customers looking to enhance their digital skills." PEOPLElogy was recently named one of the skills partners of "Program Akar", launched by PayNet and Microsoft as an AI-powered initiative to boost financial services industry talent development in Malaysia. "We are thankful for this opportunity to work with both PayNet and Microsoft to help develop financial services industry talent in Malaysia. This also establishes PEOPLElogy's standing among international players," Lee added.
The Star
20-05-2025
- Business
- The Star
PEOPLElogy eyes regional expansion
PEOPLElogy founder and managing director Allen Lee. KUALA LUMPUR: PEOPLElogy Bhd aims to expand its integrated people development solutions across Sabah, Sarawak and the South-East Asian region by 2026. Founder and managing director Allen Lee said the company plans to establish offices and training centres in Kota Kinabalu and Kuching to meet local upskilling demands. Additionally, it will expand into Indonesia, the Philippines and Singapore to address the growing need for digital talent development in South-East Asia. 'We are confident of doing well in the market because we have gauged from our market research, and all the companies that we approach love our framework. 'We are looking forward to reaffirming our commitment to our mission of impacting 10 million lives through innovative, transformative learning solutions,' he told reporters after the company's listing on the ACE Market of Bursa Malaysia yesterday. PEOPLElogy has offices in Johor and Kuala Lumpur and has trained nearly 300,000 people to date. PEOPLElogy made its debut at 24 sen, one sen below its initial public offering (IPO) price of 25 sen, with 1.30 million shares traded. PEOPLElogy rose 6%, or 1.5 sen to 26.5 sen yesterday, with 47.85 million shares traded. From a total of RM26.25mil in gross proceeds raised from the IPO, Lee said the company will utilise about 15% for its expansion through strategic investments, mergers and acquisitions opportunities and 11% for the expansion of offices and training centres in Indonesia and the Philippines. Also, 3.81% will be allocated for the expansion of offices and training centres in Sabah and Sarawak, and 0.38% for setting up a regional office in Singapore. PEOPLElogy will utilise 32.38% of the proceeds to finance the establishment of a cyber range computer simulation lab, 11.43% for software research and development and the remaining proceeds will be used for working capital and listing expenses. Lee said the cyber range computer simulation lab will enhance its cybersecurity, big data and artificial intelligence or AI training programmes. This lab will provide a virtual environment for participants to engage in real-world scenarios such as defending against cyberattacks and managing large datasets. Based on PEOPLElogy's enlarged share capital of 411.72 million shares, the company's market capitalisation is approximately RM102.93mil. Commenting on the discount of one sen on the opening price, he said the company cannot control market sentiment which is influenced by various external factors. He remains confident in the company's direction and uniqueness within the industry. He added that PEOPLElogy will continue educating the market. — Bernama
The Sun
20-05-2025
- Business
- The Sun
PEOPLElogy to scale up people development services by 2026
KUALA LUMPUR: PEOPLElogy Bhd aims to expand its integrated people development solutions across Sabah, Sarawak and the Southeast Asian region by 2026. Founder and managing director Allen Lee said the group will set up offices and training centres in Kota Kinabalu and Kuching to tap into local upskilling demand. Beyond Malaysia, PEOPLElogy is targeting Indonesia, the Philippines and Singapore to meet rising demand for digital talent across the region. 'By next year, we should be in Sabah and Sarawak. I spent almost nine months in 2023 visiting Singapore, the Philippines, Indonesia and Vietnam — so I have a strong grasp of this region's market potential. We're targeting 2026 for our regional rollout,' he told reporters after the company's debut on the ACE Market of Bursa Malaysia yesterday. Lee said PEOPLElogy's current operations are almost entirely based in Malaysia, contributing over 99% of its revenue, yet its future growth hinges on regional expansion. 'We don't expect any contribution from Indonesia or the Philippines in 2025,' Lee said. While regional expansion will only begin contributing in 2026, he said, the company sees huge untapped potential in both domestic and regional markets. 'Our market share in Malaysia is still low — around 1.5% to 2% — so there's still a lot of room to grow here,' he added. PEOPLElogy opened at 24 sen, slightly below its initial public offering price of 25 sen apiece. 'I urge the market to look beyond just investment returns and profits. You're also investing in a company that's driving national transformation. Let's take a long-term view,' he said. Based on PEOPLElogy's enlarged share capital of 411,716,936 shares and the IPO price of RM0.25 per share, the company's total market capitalisation is approximately RM102.93 million. With a total of RM26.25 million in gross proceeds raised from the IPO, PEOPLElogy will utilise 32.38% of the proceeds to finance the establishment of a Cyber Range computer simulation lab; 15.24% for the expansion through strategic investments, mergers and acquisitions opportunities; 11.43% for software research and development; 11.05% for the expansion of offices and training centres in Indonesia and Philippines; 3.81% for the expansion of offices and training centres in East Malaysia; and 0.38% for setting up regional office in Singapore. The remaining proceeds will be used as working capital and listing expenses.
The Star
08-05-2025
- Business
- The Star
PEOPLElogy's IPO oversubscribed by 1.24 times
PETALING JAYA: ACE Market-bound PEOPLElogy Bhd's initial public offering (IPO) has been oversubscribed by 1.24 times. The company, which provides consultancy services and training, said in a statement that a total of 1,940 applications for 25.55 million new issue shares were received from the Malaysian public. 'Specifically, a total of 878 applications for 10.11 million new issue shares were received for the Bumiputera portion, representing a subscription rate of 0.98 times. 'Meanwhile, a total of 1,062 applications for 15.44 million shares were received for the other Malaysian public portion, representing a subscription rate of 1.50 times.' Additionally, the company said 12.35 million shares made available for application by the eligible persons, who had contributed to the success of PEOPLElogy and its subsidiary, were fully subscribed. The company is set to list on the ACE Market of Bursa Malaysia on May 20. Kenanga Investment Bank Bhd is the principal adviser, sponsor, underwriter and placement agent for the IPO.
Rakyat Post
24-04-2025
- Business
- Rakyat Post
PEOPLElogy Bhd Helps Organisations Thrive & Succeed With Its 6D Framework
Subscribe to our FREE PEOPLElogy Bhd is a Malaysian company that helps individuals and businesses grow by enhancing skills and embracing digital tools. Think of the company like a super HR, offering training in leadership, communication, and digital skills like cybersecurity and data analytics. This in turn empowers staff to perform better and are equipped to succeed at their jobs. What sets PEOPLElogy apart from the others is their unique and curated PEOPLElogy executive director and managing director Allen Chau, who's also the founder, is proud of the company's 6D framework and reiterates that any partner they work with must understand the framework fully. To maintain the highest quality of service, the company doesn't simply promote others' training or consulting services. Currently, PEOPLElogy is in discussions with several training providers and consulting firms across Malaysia and Southeast Asia for potential As part of the company's growth strategy, the company has allocated RM4 million (15.24% of the RM26.25 million gross proceeds raised from its IPO) for strategic investments and M&A activities. The company also recently launched its prospectus ahead of its ACE Market debut on 20 May. What inspired the formation of PEOPLElogy? PEOPLElogy started from a team of 10 employees aka PEOPLElogists before growing into a dynamic workforce of over 100. Chau said he has always believed that people are the This deep-rooted belief is practiced within the company as it grew. Chau said to manage his growing team, the company worked on fostering a strong sense of community, investing heavily in leadership development, and ensuring all team members were heard and valued. With the rise of digitisation, the company observed that many companies are hesitant to adopt new ways of working because they fear it'll disrupt their operations. Holding onto the strong belief that people are the hearts of the organisation, the company developed its 6D framework to address the challenges organisations face in adapting to digital transformation. The framework helps guide individuals and organisations through a structured transformation process. It starts with an assessment of the talents' interests and skills, creating personalized career pathways, providing comprehensive training, facilitating seamless talent deployment, implementing learning management systems, and establishing a fully digitalized environment. Since embracing changes can be daunting, PEOPLElogy helps organizations 'glide' through the transition process through pilot projects and sharing success stories. The tangible results showed outcomes like improve efficient, cost reduction, and increase in employee engagement. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.
