BANDAR SERI BEGAWAN –  Local ICT service provider BAG Networks announced it has rebranded to Dynamik Technologies, following a buyout from government-linked company Khazanah Satu back in May.

The name change was made official on September 10, according to a statement released by the company.

Speaking to media on Tuesday, CEO Haslina Taib highlighted the company’s focus on digital transformation and announced the piloting of a “Smart Kampung” initiative that will see that will see IoT technology incorporated into Bruneian homes, alongside artificial intelligence and cashless transactions.

“The name, vision and brand story are crafted based on more than a year of engagement with both our internal and external stakeholders,” she said “We created an identity that brings together our people, clients and partners.”

Dynamik Technologies did not disclose the pilot site for the smart village, but hinted it had chosen “one of the smallest village in Brunei-Muara district”, with more details to be revealed later in November.

“The idea is to demonstrate that even in a small kampung, technology can exist,” Haslina said.

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“The focus now is getting local and international partners involved, to give people the ideas and be part of the conversation to bring technology in. This is the kind of discussion that we need to do to push, to show that Brunei can actually adapt to becoming a smart nation.”

BAG Networks was fully acquired by Khazanah Satu Sdn Bhd, a subsidiary of Brunei’s finance ministry, on May 30, following Accenture’s exit from the joint venture after 17 years due to global business restructuring.

BAG delivered several key e-Government projects, including the Government Employee Management System (GEMS); the System for Tax Administration and Revenue Services (STARS) and the Registry of Companies and Business Names (ROCBN).

Dynamik in a statement said that after the name change, BAG’s legal commitments and obligations remain unaltered.