Issue link: http://endeavor.uberflip.com/i/414924
FOCUS Hakim Karim COMPANY GridMarkets INDUSTRY Technology YEAR SELECTED 2014 LAUNCHED 2013 EMPLOYMENT GROWTH, JULY 2013–JULY 2014 100% GRIDMARKETS' GROUNDBREAKING business model matches enter- prises that maintain in-house data centers —most of which use less than 5% of their server capacity—with firms that have variable or project- based processing needs; the former is able to recoup costs associated with operating idle servers, while the latter can purchase server capacity on a pay-per-use base. Though new to the Malaysian tech scene, GridMarkets is quickly accruing clients and earning praise for its founder, Hakim Karim, a former banker and consultant who left the corporate world in 2011 after 20 years at Accenture, Goldman Sachs, and Thomson Reuters. In 2013, GridMarkets was listed as one of the top 10 most promising start- ups at Echelon, Asia Pacific's leading start-up conference, and, in 2014, Digital News Asia named Hakim one of the top 50 people helping to shape Malaysia's digital economy. Hakim's selection by Endeavor was covered by The Edge, a major Malaysian business publication. Endeavor has helped Hakim navigate fundraising challenges, as well as refine his sales strategy for enterprises. ENDEAVOR MALAYSIA co-hosted a networking event with MaGIC, an innovation lab recently launched by the Malaysian government. E-commerce entre- preneurs and venture capitalists discussed the role networks have played in advancing their businesses. JURIS TECHNOLOGIES , the second company selected by Endeavor Malaysia, produces Origination, Collection and Scoring software that is used by 55% of com- mercial banks in Malaysia. Endeavor Malaysia currently supports four entrepreneurs leading two companies. ENDEAVOR MAIN OFFICE Kuala Lumpur (2013) Hakim Karim FIRST ENDEAVOR COMPANY IN MALAYSIA 49 NETWORK