Microsoft expands its presence in Myanmar

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Its charter will be to expand the Microsoft ecosystem in the country and work with local businesses and government to provide ICT solutions that will drive greater economic growth.

Jamie Harper, Microsoft’s general manager of Southeast Asia said, “Microsoft is delighted be forming this partnership in Myanmar, a country of enormous talent and opportunity. I am excited by what the future holds for Myanmar, a future we believe technology will be a vital part of.”

Describing Microsoft’s entry into Myanmar and other emerging markets, Harper said that there is no ‘one-size-fits-all’ formula for ensuring success, but the company is committed for the long haul in Myanmar.

“Microsoft’s business is built on partners, understanding the nuances of conducting business in each and every market we invest in is critical, that is why we focus on building sustainable partnerships with local experts. A strong local ICT industry and robust partner network can create a positive impact in any country, which is why we are so delighted to be here in Nay Pyi Daw, Myanmar with MIT today to make this announcement,” he said.

Currently the largest software company in Myanmar, MIT was founded in 1997 and is a co-founder of the MICT Park with the Myanmar ICT Development Corporation (MICTDC). The company has more than 300 employees serving customers across numerous industries, including banking and finance, travel and tourism, healthcare, as well as government.

Dr Tun Thura Thet, CEO of MIT said, “We are very proud that Microsoft chose MIT to be its market development partner in Myanmar and we are very excited to build upon a long and fruitful relationship that will benefit our country. I believe Microsoft’s global experience and solutions will be invaluable in building the Myanmar ICT industry.”

IDC expected IT spend in Myanmar to reach $233.56 million by 2016, representing a compound annual growth rate of 16 per cent between 2011 and 2016.

“We believe that only through working closely with the public and private sector, can technology be part of the national agenda and play its role in ensuring competitiveness and capacity building,” Harper said.

Microsoft has more than 28,000 partners in Asia Pacific. These companies generated nearly $125 billion in revenues according to an IDC study.  The study concluded that for every $1 that Microsoft generated in Asia Pacific, its partners generated more than $10.