CrimsonLogic Pte Ltd. hosts and manages business IT applications for government clients, but it also consults for the healthcare, legal, and transportation sectors. CrimsonLogic developed the world's first electronic trade clearance system for the government of Singapore in 1988. Founded as Singapore Network Services, the later-renamed CrimsonLogic has worked with private corporations and the governments of more than 20 countries, including landing a $4.5 million contract with Panama in 2007. It maintains offices in Canada, China, India, Malaysia, Mexico, Panama, the Philippines, Saudi Arabia, and the US.