Business
HeartCore Enterprises Announces Expansion of Sales and Marketing Teams
HeartCore Hires U.S.-based Sabatini Sales Team NEW YORK and TOKYO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore”
About this update from Heartcore Enterprises, Inc.
[{"type":"text","content":"HeartCore Hires U.S.-based Sabatini Sales Team\nNEW YORK and TOKYO, Sept. 13, 2023 (GLOBE NEWSWIRE) -- HeartCore Enterprises, Inc. (Nasdaq: HTCR) (“HeartCore” or the “Company”), a leading enterprise software and consulting services company based in Tokyo, announced that it has hired the New York-based sales team of Sabatini Global (“Sabatini”). “The acquisition of this sales team is another accomplishment as our two-pronged growth strategy continues to manifest itself into full effect,” said CEO Sumitaka Yamamoto. “The hiring of this New York-based sales team, along with our recent acquisition of Sigmaways, provides the staff and resources for HeartCore to expand our enterprise Content Management System (CMS) software business to more global markets. We have a major market share with well-known Japanese companies. To broaden and diversify our customer base, we are targeting growth in North America, Asia Pacific, and Europe. While adding new customers, we are also adding new technologies, such as process and task mining, and robotic process automation. “Our new U.S.-based sales group brings in experienced sales professionals who have established customer relationships across various rapidly growing sectors, providing HeartCore the ability to leverage these existing relationships.” Growth Strategy To increase from 25% to 40% the global market share of our enterprise CMS business. (Market shares are approximate)To build a portfolio of Japan-based growth companies that benefit our balance sheet through our GO IPO℠ consulting services. Outlook“HeartCore is making great progress during this transformational period,” said Yamamoto. “We have a growing enterprise software business, and our balance sheet is benefitting from our GO IPO consulting services.” HeartCore continues to expect 2023 to be the strongest year in the Company’s history.High double-digit revenue growth is expected for the second half of 2023 from the enterprise software business, primarily due to our Sigmaways acquisition and the addition of our new U.S.-based sales team.The Company expects assets generated from its GO IPO consulting service to strengthen its balance sheet through warrants and marketable securities with several IPOs in progress and more being considered. About HeartCore Enterprises, Inc.Headquartered in Tokyo, Japan, HeartCore Enterprises is a leading ...