Since the information you quote is a little outdated, it’s possible you mistook one system for another. The entire transaction processing engine is 100% proprietary and has undergone independent audits to prove the same. There is no credit card machine / terminal associated with the system at this stage. What you may have seen (although I think it is highly unlikely that you did) was one of a hundred prototypes that we were trying out.

We have always had a development team since the company was created. Yes, we’ve had turnover, but only as much as any other company in the business. Our core conception, R&D and Business Services teams have been solid for the last two years with the same people.

That said, the only Malaysian encounter Inov8 had was earlier this year when our Group Head for Business Technology Services went to Langkawi for his honeymoon.

And while we’re on the subject, please come visit us at Lahore next time you are in town. We’ll be glad to update you with new developments and where we stand so that your future postings are based on first-hand information rather than speculation and rumor.

That might just be a difference in defining proprietary — I know many people in Pakistan think “non-proprietary” means using a complete solution such as SAP and implementing it. However, I define a non-proprietary solution as one where more than 50% of the components are built from other vendors.

If that is the case, I could say I have proprietary components / configurations of the solution, but not that I have a completely indigenous product / solution. Again these can just be semantics.

Also, the last info I had about you guys you were looking to build a transaction bus for mobile networks built along with a Malaysian firm.

Ofcourse, both of this I agree is somewhat out of date as this was before they hired a large software team — it’s good to know you guys are now ‘green’ and making waves with completely indigenous solutions.

Keep it going.

I happened to stumble onto this entry by accident a few days ago. Felt it necessary to point out a few things you might have been misinformed on by your source.

Firstly, Inov8 Limited did not envision distributing a ‘credit card machine’ to retailers around the country. Saying that would be stealing the limelight from its state-of-the-art proprietary transaction management and processing engine that would run the devices. It wasn’t JUST a credit card machine. Infact the business model almost didn’t involve a ‘card present’ situation.

And secondly, I mention the work ‘proprietary’ because Inov8 is not working with any firms (neither Malaysian nor any other) on any of its solutions. Typical to any Pakistani solution, it is bound to rouse immediate skepticism when I say Inov8 develops its solutions indigenously and in-house. It also proudly boasts an array of solutions that are currently being evaluated and considered for launch in other countries.

I cannot disclose more on any of the solutions and what they entail at this time. Just thought it necessary to correct you when you mentioned a Malaysian firm working with Inov8. Inov8 is truly ‘Green’ and taking anything away from it would not be acceptable.

Regards,
Abbas Hayat
Business Analyst, Inov8 Limited