Going IPO, Anabatic Technologies Strengthens Its International Business

Anabatic Technologies, one of IT vendors for corporate in Indonesia, recently announced that they’ll sell 642,8 million shares they hold, equal to 30 percent of the total shares, to the public. According to the report, Anabatic is currently searching no less than 515 billion to strengthen its business and expansions overseas.

The shares will be on the table from this coming June 29 to July 1. It will be available not only for Indonesians, but also clients in Singapore, Hong Kong, and Malaysia as well. It is scheduled to be registered at Indonesia Stock Exchange (IDX) as per July 6.

Anabatic Technologies’ President Director Handojo Sutjipto stated that some of the IPO (Initial Public Offering) money will fully go to the business development and this year’s business target realization. The development of branch offices overseas and expansion of the HQ in Tangerang are ones of the main agenda. Another 20 percent will go to cover the debts the company has as well as used as business capital.

“We currently own offices in Singapore, Kuala Lumpur and Manila. We also own two offices in India, in Bangalore and Chennai,” Handojo said. “We want to improve our performance at those branches, either by adding more staff or reaching more customers. We look to replicate our success in Indonesia.”

Felix P. Mulia, Anabatic Technologies’ Group Chief Financial Officer stated that the company is expected to enhance the revenue up to 23 percent this year, from Rp 2.6 trillion to Rp 3.2 trillion.

Anabatic Technologies is a company which serves various IT solution for corporates, including software development, system integration and as a Software as a Service provider. Its clients mainly come from industries like banking and communication as well as fundamental government departments.

There is a reason behind  the forementioned business maneuver. As IDC suggested, the spending on IT solution in Indonesia will reach $15.6 billion, going up 18% from last year’s figure, with the corporation covers 7.3 billion of it. The global trend is predicted to be on a positive growth as well. Thus, there’s no better time for IT corporate to grab the chances and leave good marks than today.