ACE Market-listed OpenMove AI Bhd (formerly Rexit Bhd) is officially marking a new milestone with its name change by unveiling a strategic evolution to become a full-spectrum digital transformation partner powered by artificial intelligence (AI), cloud, data and automation.
The Software-as-a-Service (SaaS) outfit serving the insurance, financial services and enterprise sectors commenced trading under its new name and stock short code “OMAI” this morning (Jan 14).
OpenMove AI chairman Tengku Tan Sri Mohamad Rizam Tengku Abdul Aziz hailed the group’s re-branding exercise as “a continuity to our successful legacy as a leading SaaS provider for the financial services and insurance industries”.
“Rexit has a strong track record delivering scalable, compliant and industry-focused SaaS solutions,” revealed Rizam.
“The transition to OpenMove AI marks a natural progression for our organisation to broaden our market and expand our earnings stream.
“It also reflects our deliberate extension into the development and deployment of AI-led digital transformation solutions, moving beyond software delivery into intelligent platforms that help organisations reimagine processes, governance and decision-making at scale.”
According to the Malaysia Digital Transformation Market Analysis by Mordor Intelligence, the country’s digital transformation market is projected to grow from about RM50.2 bil in 2025 to RM119.4 bil by 2030 at a compound annual growth rate (CAGR) of around 19%.
This sustained trajectory reflects the government’s blueprint for a digital-first economy that targets a 25.5% GDP (gross domestic product) contribution by 2025 backed by hyperscale investments from AWS, Microsoft and Google that already exceed US$ bil.
OpenMove AI’s CEO Gallen Lee Choon Teng expects the group’s transformation to be underpinned by capability building and talent development.
“Our transformation is not merely about adopting AI but about developing AI-enabled digital transformation solutions that can be deployed across industries, supported by strong execution capabilities and domain expertise,” he envisages.
“In the near future, we’ll be launching a series of AI-powered proprietary solutions to underpin our transformation agenda and create sustainable value for our shareholders.”
Listed since 2005, OpenMove AI has established a strong foundation as a provider of enterprise and SaaS solutions, particularly within the financial services and insurance sectors.
Moving forward, the group aims to deliver intelligent digital solutions designed to help organisations modernise operations and improve decision-making.
Its services span AI-powered automation and analytics, cloud-native enterprise platforms and data intelligence solutions alongside industry-specific systems supporting commission management, insurance operations, logistics and supply chain coordination, and digital public sector initiatives.
Collectively, these solutions enable clients to enhance efficiency, strengthen governance and compliance, and scale sustainably in a digital-first environment.
At 3.55pm, OpenMove AI was up 1.5 sen or 2.65% to 58 sen with 16,000 shares traded, thus valuing the company at RM110 mil. – Jan 14, 2026
