CrimsonLogic consortium secures US$10 million customs project
ConvergenceAsia staff
22/09/2008

CrimsonLogic, a provider of eGovernment solutions and services, together with its Strategic Alliance Partner in Panama, Smart Solutions Marketing (dChain), has been awarded a US$10 million contract to build, operate and maintain an integrated customs management system (ICMS) in Panama. The win marks CrimsonLogic’s third major success in Panama.

Commenting on this contract win, Leong Peng Kiong, CEO of CrimsonLogic said, “CrimsonLogic has made significant inroads into Panama over the last few years, and this win highlights the solid reputation we have built as a trusted solution provider in trade and logistics in Panama. It is our intention to use Panama as a base to further expand our business to other parts of Central and Latin America.”

CrimsonLogic was previously selected to build and maintain the Automated Pre-Arrival Declaration and Mobile Inspection System for the Panama Canal Authority in 2003. In November 2007, the Company, as part of a consortium with dChain, secured a contract worth US$2.9 million to build an electronic documentation system for the Colon Free Zone Administration in Panama.

The Panama Custom’s ICMS project is the second deal won in partnership with dChain, which specialises in the areas of Supply Chain Management, Trade and Logistics, and eBusiness Applications.

The ICMS, comprising major customs documentation modules, will be delivered over the next 12 months. The system will expedite customs documentation processing for importers and exporters, a process that is critical to Panama’s economy.
 
With global trade amounting to US$8 billion in 2007, Panama’s economy rests heavily on a well-developed service sector, which includes operating the Panama Canal, the Colon Free Zone, and other banking, insurance, container ports, flagship registry, and tourism services.

“Our partnership with CrimsonLogic has created a synergy that capitalises on the capabilities of both companies to effectively address the tough challenges in a highly competitive marketplace,” said Roberto Melo, President of dChain.

For future opportunities, CrimsonLogic’s partnership with dChain will focus on delivering a range of eGovernment solutions, not only in Panama, but also to other countries in Central America.

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