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SFIO acquires LNS+ to establish global, cross-industry innovation ecosystem

KUALA LUMPUR, Nov 23 -- Earlier this week, Starfleet Innotech Inc (Smokefree Innotec Inc) announced its acquisition of Philippine-based software development company LEENTech Network Solutions (LNS+), marking the asset management company’s new direction towards technology development.


With LNS+ and its subsidiaries now onboard, SFIO is formalising the team into their new Technology and Software Development Division.


According to SFIO Chief Executive Officer (CEO) and Chairman Jeths Lacson, this new expansion kicks off a five-year innovation roadmap of transformative collaborations across each of the company’s five divisions.


Based on a statement, the divisions are Franchising, Food Manufacturing and Distribution, Coffee, Property Development, and the recently-formed Technology and Software Development.


With 11 years of operation, LNS+ has established itself as a leading hub for technological excellence in the Philippines.


With this latest acquisition, SFIO now fully owns and operates six ecosystem players: LEENTech Network Solutions; Webworx Design Studio; Qalidad Solutions; Voltz Security; Livewire365; and, DHQ Digital Marketing.


LNS+ Founder Richard F. Prodigalidad, who now serves as the CEO of SFIO’s Technology and Software Development Division, sees this as both a fulfillment of his ambitions for LNS+, as well as an evolution of its mission.


Prodigalidad’s current mandate is to survey the asset management company’s portfolio for opportunities to both streamline existing operations with technology, and build entirely new systems to disrupt the industries they operate across.


As SFIO begins to establish its global presence through strategic acquisitions, joint ventures, and the establishment of its tech hubs, a number of promising projects have already cropped up at their new tech division.


-- BERNAMA

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