This marks the second name change for the company, which, prior to Yinda Infocomm, was known as CMC Infocomm, an equal joint venture between Malaysian company CMC Engineering and TEE International, an engineering and infrastructure player listed on the SGX. The original business serving the telcos faced tough competition which hurt margins. For the past 10 years except for FY2019 ended May 2019, it was in the red.
Totm Technologies, the new name of Yinda Infocomm, aims to turn around with new shareholders, new management, a new name and a new business.
The man leading the move to diversify from telecommunication engineering to biometric-based identity management systems is Pierre Prunier, who took on the CEO role six months ago. The new name of the company took effect on Oct 6.
