Current StatusBreak-Even, Profitable
Amount Invested10000
Funding Required200000
DescriptionLucid Technologies (M) Sdn Bhd (Lucid Technologies) is a wholly local owned company providing ICT Managed Services, Software and Web Development to optimize customer business.
Lucid Technologies specialized in providing IT solutions and services to a diverse client base and focused on delivering IT initiatives more efficiently, cost effectively and with less risk, thus allowing our clients to improve profitability and drive business growth. Lucid Technologies offers managed IT support in term of Network, Desktop, CCTV, IPPBX, Server Support & Backup Solutions covering end to end IT infrastructure.
While Primary focus on Software & Web Development, Lucid Technologies provide Total ICT Solutions for organisations to efficiently manage IT Operations. Services covered are IT Outsourcing, Structured Cabling, WAN/LAN Deployment, CCTV, IP Phone, Door Access, Offsite Storage Backup, Desktop & Server Support, Network Security, End Point Protection and Active Directory Services. These enable customer to focus on driving the core business growth while we are taking care on the platforms. Software team of Lucid Technologies cover Corporate Web Development and E-Commerce which assist customer on personalised branding and digital marketing to nurture the business development with various market study and campaigns to increase sales effectively.
Lucid Technologies presence are strengthen via our nationwide Support Engineers which covers Peninsular, East and West Malaysia with 24/7 operations. Our corporate office is located in Cheras, Kuala Lumpur and similarly we provide services across the Malaysia on a nationwide basis via our support locations strategically located at all major and small cities to provide our clients with the technology to enhance their competitive edge in their business goals.
Business OpportunityWe are seeing various Industry inter related to Information Technology in the era of digitalization and big data. As an IT Service Integrator, we could get any synchronization made possible via IT Platform. Those traditional business group solely trained on certain field, but here in Lucid we could optimize any business requirement with best solutions either Enterprise Surveillance, Cloud Hosting, IoT, Theft Detection System, Managed IT Services. We are currently a registered vendor to Aeon , Merchantrade and various big organisations.
Revenue / Business ModelUpcoming Projects especially Aeon & Merchantrade , we are in mid of finalizing 3 years contract for new branches and malls. We have one time revenue by Project and recurring via the monthly maintenance.
Management TeamDevendran, aged 34 is the Shareholder-Cum Managing Director responsible for the planning, managing and operation of Lucid Technologies (M) Sdn Bhd. Career started in Flextronics, producing electronics parts for telecommunication industry as a Quality Assurance engineer in 2008. Continues in DHL as a Wintel Engineer Level 3 managing Global Server support on worldwide Production servers. 2009 joined Masterskill (M) Sdn Bhd, leading health care private university as an IT Executive. 2010 promoted as IT Assistant Manager and 2012 promoted as IT Head who entrusted to manage 7 university branches inclusive of 20,00 over students and 1000 employees on ICT Operations nationwide. 5 years’ experience as an IT Manager drive the way to engage and deep dive on the IT Operations & Project Management.
N’osairis, IoT Firm based in Bangsar offered role to manage Service Delivery Tower with 24/7/365 support for Asia Pasific clients in 2014. Headed Service Delivery of N’osairis Technology Solutions, Internet of Things (IoT) service provider in the Asia Pacific region managing almost 5000 nodes in Malaysia & Indonesia. His primary task amongst others is to ensure maximum service availability to clients and manage operations with best practice and procedures. Over 12 year experience in various IT Sectors inclusive Quality Assurance, Wintel, Software Engineering, Digital Marketing, Web Development, E-Commerce and IT Operations.
Dynamic, resourceful, and extremely driven individual with a deep passion for creating processes that empower a team, company, and customer to meet and exceed desired expectations. Responsible for the management, planning and delivery of Lucid Corporate Team. Devendran believes he can point to a discipline and mind-set that transforms average people into high achievers by 10x rule-and outlines how both individuals and organizations should manage the formation and realization of all their goals by establishes why success is important, why realistic goals are useless, and why massive levels of action are imperative. Successful in reorganizing, streamlining and strengthening existing operations, identifying inefficient processes and implementing reliable and cost-effective solutions to improve quality and ensure on-time deliverables as well as enhance department efficiencies amidst fast-paced working environments
Certified Microsoft Engineer and holding MCITP 2008 (Microsoft Certified IT Professional). Certified ITIL Practitioner since 2014 on growing dependency on IT and embodies best practices for IT Service Management. Founded Lucid Technologies (M) Sdn Bhd on 2018 to serve nationwide customers with excellent IT Support & Services with cost effective solutions.
Lucid Technologies is an organization that provides full-fledged Total IT Solutions, servicing clients across Malaysia which focusing on business optimization services via IoT ecosystem & Digital Marketing.
Devendran graduated with Bachelor Degree of Information Technology from University of Technology Tun Hussein Onn Malaysia (UTHM) in 2008
Company BackgroundFounded – 8th February 2018
Investment – RM 10,000
March 2018 – March 2019 Sales – RM 400,000
Revenue – RM 85,000
Customers Portfolio – Private Companies
Milestone – Profitable in 1st Year & Expanding on 2019 which the main reason require working capital.
Funding MilestoneSept 2019 (Initial Stage) – RM 100,000 – Fund to be used for Aeon Project Expected Value 100K. 20% Profit
Oct 2019 (Progressive) – RM 100,000 – Fund to be used for Aeon Project Expected Value 100K. 20% Profit
Nov 2019 (Final ) – RM 100,000 – Fund to be used for Aeon Project Expected Value 100K. 20% Profit

45 Days Payment Term by Customer
% Equity Allocation20
Expected ROI2 Years
Risks and MitigationLucid Tech have diversified customer range. This working capital will be invested for various project to mitigate risk.
Exit Strategies2 Years and open for discussion and advise
Company NameLucid Technologies (M) Sdn Bhd
Business AddressB-2-15 Megan Phoenix,, KM10 Off Jalan Cheras
Contact PersonDevendran
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