Haystack Labs, a pioneering technology innovation company, announces a significant milestone as it undergoes a strategic transition in Phnom Penh, Cambodia. With a focus on maximizing its impact and propelling growth, Haystack Labs will be concluding its existence as a standalone entity. This transition marks the beginning of an exciting chapter, where the assets and resources formerly held by Haystack Labs will be strategically allocated to empower key ventures within the organization.
As part of this transition, the assets and resources formerly held by Haystack Labs will be transferred to empower key ventures within the organization. Amidst this transition, Haystack Labs recognizes the need to nurture and advance the multitude of ideas and concepts that have been developed within its Labs. By prioritizing these promising innovations, the company aims to unlock their full potential and propel them to new heights.
Recognizing the immense success and potential of its ventures, Haystack Labs will be allocating its valuable assets to drive further growth and innovation within specific initiatives. Notably, the assets will be directed towards ventures such as WonderPass Ecosystem, Odoo ERP Partners initiates , and other strategic projects, which have showcased exceptional market performance and garnered substantial recognition.
The decision to transfer assets to these thriving ventures signifies Haystack Labs’ commitment to maximizing the impact of its technological advancements. By consolidating resources and focusing efforts on key initiatives, the company aims to amplify its ability to deliver exceptional solutions to its customers and contribute to industry-wide advancements.
“We are incredibly proud of the journey we have undertaken at Haystack Labs, and this strategic transition marks a new chapter for us,” stated representatives of Haystack Asia. “By reallocating our assets to WonderPass, Odoo ventures, and other initiatives , we can unleash their full potential and accelerate their growth to better serve our valued customers. Cambodia is really a place of opportunity but also a place where Capital both Human and Cash is difficult to sustain. We are one of the few without any foreign investment and no outside dilution in the market. Said Frederic H. Proulx as Managing Director of Haystack Canada, the sister company and strategic partner of Haystack Asia. A new school and program to help train the future of IT specialist here is on the making, a Road-Side assistance app is launching soon per exemple. All develop under Labs office.
As Haystack Labs embarks on this transition, it expresses its deep appreciation to the employees, partners, and customers who have contributed to its success over the years. The company acknowledges their invaluable support and remains committed to delivering exceptional user experiences and driving innovation in the technology industry. Those international clients and partner are already taking care of in different IT services of he group as WonderPass per exemple.
About Haystack Labs:
Haystack Labs was a pioneering technology innovation company dedicated to developing groundbreaking products and solutions. With its built, operate, and transfer (BoT) approach, Haystack Labs aimed to provide exceptional user experiences and drive technological advancements in various industries.
For media inquiries, please contact:
Frederic H.Proulx
Managing Partner, Haystack
frederic@haystack.fund
