Malaysian IT holding firm MCOM Holding is looking to pivot into data centers.

As part of its “ongoing effort to seek new business opportunities to turn around its financial performance," the group has resolved to diversify into new areas, including the provision of data center and other IT hosting services, as well as the supply, sale and/or leasing of IT-related hardware, infrastructure, and computer equipment.

Details on any planned data center developments weren’t shared in the stock exchange announcement. MCOM’s existing data center footprint is unclear.

To fund the move, MCOM will use a combination of internally-generated funds and external borrowings, and may undertake future fund-raising exercises to raise additional capital.

“In conjunction with the business diversification, the group may explore joint ventures and/or strategic alliances with other parties who have the relevant expertise and resources as and when the opportunity arises,” it added.

MCOM was established in 2001. Through its subsidiaries, the company offers digital marketing, campaigning, mobile advertising, and payment platform development solutions.

In the release, MCOM noted that most of its revenue comes from its mobile advertising platform business segment. The company made a MYR 486 million ($117.5m) loss against MYR 345 million ($83.4m) in revenue for the year ended June 2025.

The company said the move will provide it “with sustainable and long-term prospects of profitability and growth" and enable it to “turn around and improve its financial performance and position.”