Rexit Berhad ("Rexit") is a company that focuses on delivering solutions and services to the General Insurance industry. Rexit's intimate knowledge and understanding of the business processes and operations of the industry, our capability to continually identify advances in technology and successfully adapting them for the benefit of our customers, have made Rexit the solutions partner of choice. Rexit has grown from a four-person operation in 1998 into a public-listed company by November 2005. Rexit is currently listed on the Malaysian Exchange of Securities Dealing & Automated Quotation ("MESDAQ") market of Bursa Malaysia Securities Bhd. Rexit currently offers several web-based insurance solutions which cater for the front-end marketing and sales functions, as well as the back-end operations and management requirements of insurance companies. The company is also a key Shared Services and Outsourcing ("SSO") partner to insurance companies by offering its e-Cover application on an Applications Service Provider ("ASP") model. Rexit has recognized that this 'pay per use' model can greatly benefit the insurers, as there is no need for upfront capital expenditure, the high cost of developing and upgrading an application or the related costs of maintaining and managing the required hardware.