WizVision Pte Ltd - Comprehensive Analysis Report

Summary

WizVision Pte Ltd, established in Singapore in 2000, is an Information Communications Technologies (ICT) system provider. The company's vision is to be a world-class IT service provider, and its mission is to deliver innovative IT services that exceed customer expectations and consistently create value for its stakeholders. WizVision distinguishes itself through its specialization in designing, developing, and maintaining turnkey enterprise-class software applications for both public and private sectors, with a core focus on transactional-based applications like e-payment and billing systems. Serving a diverse clientele including international banks, government agencies, and large enterprises, WizVision plays a significant role in modernizing critical IT infrastructure and driving digital transformation in Singapore's ICT landscape.

1. Strategic Focus & Objectives

Core Objectives

WizVision's main business objectives include delivering comprehensive IT solutions and services, ensuring technology alignment with business evolution, and fostering a talent-first environment. The company is committed to delivering all jobs on time and on budget.

Specialization Areas

WizVision specializes in:

Enterprise IT Application Development and Maintenance: Designing, developing, and maintaining turnkey enterprise-class software applications.

E-payment and Billing Systems: Possessing strong domain knowledge in transactional-based applications, particularly in e-payment and billing systems.

Custom Software Application Development: Building sophisticated custom software applications tailored to meet specific business needs.

IT Infrastructure Services: Providing comprehensive IT infrastructure design, implementation, and maintenance for both on-premise and cloud environments, as well as hosting services.

Legacy System Modernization: Transforming large legacy systems into cloud-native, microservices-based architectures.

Cloud Migration: Proven experience in on-premise to Government on Commercial Cloud (GCC) large-scale migration projects with 100% data integrity and zero downtime.

Target Markets

WizVision targets both public and private sectors. Its clientele includes:

International banks

Leading payment processors

Large enterprises

Government agencies such as the Ministry of Education, National Library Board, and the Monetary Authority of Singapore.

The company's market positioning strategy emphasizes aligning technology with business evolution, ensuring solutions are "future-proof first." It aims to tap into the growing e-commerce sector with its payment gateway technologies.

2. Financial Overview

Funding History

WizVision Pte Ltd is a private company. In April 2019, an existing shareholder acquired an additional 22.8% stake in WizVision Pte Ltd from Singapore Technologies Engineering Ltd for SGD 0.65 million. The company has a paid-up capital of SGD 3,883,945. There is no other publicly available information regarding the company's comprehensive funding history, total funds raised, notable investors beyond this specific transaction, or overall revenue.

3. Product Pipeline

Key Products/Services

WizVision offers a suite of products and solutions:

Wiz-ePay 3D Secure MPI 1.0.2 and Wiz-ePay 3D Secure ACS 1.0.2: Software applications designed for authentication during card payments to prevent online credit card payment frauds and chargebacks.

Wiz-Rewards: A web-based loyalty management system.

Wiz-Wallet: A solution facilitating C2C (consumer-to-consumer) and C2M (consumer-to-merchant) electronic payment transactions.

Turnkey Development and Modernization Projects: The company has successfully launched projects for entities like HDB and STB. These custom applications and modernization efforts are typically developed in response to specific client needs and undergo continuous development and maintenance.

4. Technology & Innovation

Technology Stack

WizVision leverages advanced platforms and methodologies, including:

Cloud-native and Microservices Architectures: Transformation of legacy systems using Docker, Kubernetes, AWS, and the Government on Commercial Cloud (GCC).

Proprietary Scripts: Developed for secure and fast data migration, aiming to reduce costs and efforts by 30-40% and accelerate deployment by 50%.

AI and Data Analytics: Expertise in implementing smart architectures leveraging AI and data analytics, particularly in public safety, defense, healthcare, and education.

Core Software Engineering: Strong foundation in Java/J2EE, JSP, Struts, Hibernate or Spring framework, Weblogic/Oracle application servers, and Oracle RDBMS fundamentals.

Microsoft Technologies: Project experience in C# and ASP.Net.

WizVision's technical capabilities include achieving 100% data integrity and zero downtime in large-scale migration projects. The company fosters a talent-first environment that encourages self-learning and R&D, which has resulted in government scholarship grants for their engineers to pursue Masters by Research.

5. Leadership & Management

Executive Team

Mr. Francis Teo Ee Cheok (CEO): Over 30 years of experience, known for technical excellence, innovation, and client-centric transformation. He has positioned WizVision as a leader in three critical domains and is recognized for transforming large legacy systems and successfully launching turnkey development projects.

Mr. Koh Chee Kiong (Deputy CEO): Over four decades of experience in IT, project management, business development, and corporate governance across diverse sectors. He has held leadership roles at ST Engineering Electronics and NTT Data, driven complex, large-scale projects globally, and implemented smart architectures using AI, data analytics, and cloud-native technologies.

Mr. Ng Kock Shern (Senior Vice President - Projects): An IT professional with over 30 years of experience, primarily in government and public sector projects. He leads a Project Department, overseeing service delivery for technology initiatives, especially on GCC. He actively keeps up with new technologies like cloud infrastructure, AI, and automation.

Mr. Ang Kwan Jin (Chief Solution Architect): Skilled in transforming complex ideas into scalable solutions, leading initiatives in data architecture, predictive analytics, and cloud-native application deployment, and integrating modern methodologies with practical insights.

Ms. Vienna Cheng (HR Manager): Experienced HR professional with a broad background spanning talent acquisition, employee engagement, performance management, and organizational development.

Ms. Hoh Lee Ming (Finance Manager): Seasoned finance leader with expertise in accounting, statutory compliance, taxation, and consulting, with experience from KPMG Malaysia, Ernst & Young Shanghai, and Baker Tilly Singapore.

Board of Directors:

Mr. Ong Hian Leong (Chairman): Previously co-founder and Managing Director of 1Citadel Pte Ltd, a blockchain-based trade finance technology company, and co-inventor of a US and SG patent for a blockchain-based smart tracking system. He was credited for driving GIC's Digital Transformation program. He is currently the Managing Director and Founder of Better Age Solutions Pte Ltd.

Mrs. Lim-Tan Suat Hua (Director)

Prof. Loh Han Tong (Director): A professor with over 30 years of academic experience in Mechanical Engineering, including leadership positions at NUS and SIT. He holds two patents in product design through computer technologies and was awarded the Public Administration Medal (Silver) in 2018.

Mr. Raymond Lum (Director): Managing Director of JLB Alliance Pte Ltd, a corporate finance advisory firm, with over 24 years of experience, including 17 in the technology sector where he led digital transformation, M&A, and international business expansion.

Mr. Lim Wee Kiat (Director)

Mr. Lim Kong Wee (Director): Executive Director of Forthavens Pte Ltd, managing investments in real estate and financial instruments. Previously an Associate at HSBC Global Investment Banking.

Recent Leadership Changes

September 2025: Mr. Lim Kong Wee's title was updated to Executive Director of Forthavens Pte Ltd; Member of the Board of Directors. Mr. Lim Wee Kiat's title changed from CEO; Member of the Board of Directors to Member of the Board of Directors. Mr. Ong Hian Leong's title was updated to reflect his role as Managing Director and Founder of Better Age Solutions Pte Ltd.

January 17, 2021: Mr. Ang Tang Chor was removed as Chairman, and Mr. Ng Chong Khim as another executive. Prof. Loh Han Tong was inserted as an other executive.

6. Talent and Growth Indicators

Hiring Trends and Workforce

WizVision consistently seeks individuals passionate about technology and innovation. As of July 2024, the company had an employee count ranging from 51 to 200. However, some sources indicate a current employee count of 4 people.

Current job listings from September/October 2025 in Singapore show active recruitment for:

Java Developer: Requires a Diploma in Computer Science/IT or equivalent, at least 1 year of experience in Java/J2EE application development and support, full software development lifecycle experience, and working knowledge of J2EE, JSP, Struts, Hibernate or Spring framework, application servers like Weblogic/Oracle, and Oracle RDBMS fundamentals.

Dot NET Developer: Requires a Diploma in Computer Science/IT or equivalent (fresh graduates welcome), 1-2 years of working experience, and project experience in C# and ASP.Net. Experience in Active Directory and Window Server 2003 is a plus.

IT Account Manager / Sales Executive: Seeking candidates with a good fundamental understanding of IT services/solutions, preferably 2 years of experience in selling to both private and public sectors, and a Diploma/Bachelor's degree in Computer Science/IT/Business Studies/Administration/Management/Sales and Marketing, or Commerce.

The company fosters a talent-first environment, promoting self-learning and R&D. They have supported engineers with government scholarship grants for Masters by Research. WizVision also provides internship opportunities, aiming to help young talents succeed through hands-on experiences and mentorship.

7. Social Media Presence and Engagement

WizVision Pte Ltd maintains a website and has an X presence for its social footprint.

8. Recognition and Awards

Industry Recognition

Singapore 1000 & Singapore SME 1000 (2017): WizVision was ranked in both categories, an acknowledgment based on stringent reviews of over 70,000 audited financials by DP Information Group.

BizSafe Level 3 Certification: The company holds a BizSafe Level 3 certification, demonstrating its commitment to workplace safety.

Oracle Gold Level Partner: WizVision is an official Gold Level Partner of Oracle, reflecting a deeper partnership as a leading enterprise software development house.

9. Competitive Analysis

Major Competitors

WizVision operates in the IT and Information Technology industries, focusing on software and application development and IT consultancy. Competitors in the payment solutions sector include:

Seita Technologies Oy: Focused on future payments.

PAX Global Technology: An innovative global provider of electronic payment solutions.

Datalink Bankcard Services Company: Provides payment solutions.

Other competitors in broader IT solutions and fraud prevention include:

ComplyAdvantage: Known for regulatory technology solutions.

Riskified: Specializes in fraud prevention for e-commerce.

10. Market Analysis

Market Overview

WizVision operates within Singapore's robust Information Communications Technologies (ICT) sector. The company's establishment in 2000 and substantial paid-up capital of over SGD 3.8 million indicate stability and experience in the market. Its focus on enterprise-class software applications for both public and private sectors, especially in mission-critical areas like e-payment and billing systems, positions it within a consistently demanding market. The emphasis on cloud-native solutions, AI, and data analytics aligns with current industry trends towards digital transformation and advanced technological integration. The growing e-commerce sector presents a significant opportunity for WizVision with its payment gateway technologies.

11. Strategic Partnerships

WizVision has established several strategic collaborations:

Oracle Gold Level Partner: As an official Gold Level Partner, WizVision deepens its partnership with Oracle as a leading enterprise software development house.

SGTech Global Ready Talent Programme (GRT): WizVision collaborates with SGTech to onboard and develop young talents through the GRT program.

Academic Institutions (Singapore Institute of Technology and University of Glasgow): The company supports its engineers with government scholarship grants from IMDA/ESG for Masters by Research at these institutions, underscoring its commitment to R&D and talent development.

Government Agencies: WizVision consistently works with various Singapore government agencies, securing multiple tenders for application development, maintenance, and system enhancement. Notable examples include tenders awarded by the Monetary Authority of Singapore (S$168,235.00), Housing and Development Board (S$2,111,230.00), and National Library Board (S$1,786,500.00).

12. Operational Insights

WizVision's operational strengths stem from its deep domain expertise in transactional-based applications, particularly e-payments, and its focus on complex government and public sector projects. The company offers end-to-end services, encompassing turnkey enterprise application development, IT infrastructure design, maintenance, and hosting. Its ability to migrate legacy systems to cloud-native architectures with 100% data integrity and zero downtime, supported by proprietary scripts for efficient data migration, provides a distinct competitive advantage. WizVision maintains a client retention rate of 95% through 24/7 proactive support and SLA-backed maintenance contracts. A pragmatic, domain-based staff rotation strategy has also contributed to reduced staff turnover in maintenance roles.

13. Future Outlook

Strategic Roadmap

WizVision's strategic roadmap is focused on continuous innovation and expansion within the ICT sector, guided by its "Future-Proof First" philosophy. This approach emphasizes aligning technology with evolving business needs and market shifts. The company plans to continue investing in R&D and fostering a talent-centric environment to drive future growth. It is positioned to capitalize on digital transformation trends, particularly in cloud-native solutions, AI, and data analytics. Continued engagement with both public and private sector clients, especially in mission-critical application development and modernization, remains a core strategy.