Business
Sagtec Global Enters Indonesia with Master Dealership for Cloud-Based Smart Ordering System, Targeting US$30 Million in Revenue
KUALA LUMPUR, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, proudly announced its expansion to Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi (“Kiwari”), appointing Kiwari as the exclusive master dealer for Sagtec’s Speed+ Could Base Smart Ordering System (“Speed+”). Kiwari has committed to a minimum annual purchase of 10,000 licenses, generating an
About this update from Sagtec Global Limited
[{"type":"text","content":"KUALA LUMPUR, Malaysia, March 27, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) (“Sagtec” or the “Company”), a leading provider of customizable software solutions, proudly announced its expansion to Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi (“Kiwari”), appointing Kiwari as the exclusive master dealer for Sagtec’s Speed+ Could Base Smart Ordering System (“Speed+”).","length":415,"tagName":"p"},{"type":"text","content":"Kiwari has committed to a minimum annual purchase of 10,000 licenses, generating an estimated revenue of at least US$30 million over the next five years. This strategic partnership is designed to accelerate the adoption of Speed+ in Indonesia, driving digital transformation and enabling local businesses to modernize their operations to meet the growing demand for innovative digital solutions.","length":395,"tagName":"p"},{"type":"text","content":"According to Mordor Intelligence, Indonesia’s digital transformation market is projected to reach approximately US$60 billion by 2030, at a CAGR of nearly 20% from 2025 to 2030. This growth is driven by increasing technology adoption across various sectors, including food and beverage (F&B), which is expected to exceed US$250 billion by 2030, fueled by rising consumer spending and a growing middle class, as supported by Market Research. As consumer preferences evolve, Indonesian businesses are turning to digital solutions to streamline operations, enhance customer experience, and improve efficiency.","length":610,"tagName":"p"},{"type":"text","content":"In line with this trend, according to Grand View Research, the Asia Pacific cloud-based Point of Sale (POS) market is expected to expand at a CAGR of almost 20% from 2024 to 2030, driven by the region’s booming retail sector and increasing mobile and internet adoption. This presents a significant opportunity for Speed+ to tap into a tech-savvy market that is primed for digital ordering solutions.","length":399,"tagName":"p"},{"type":"text","content":"“Securing this Master Dealership Agreement with PT Kiwari Asih Solusi represents a significant milestone in our expansion strategy for Southeast Asia. Indonesia offers a unique growth opportunity, fueled by its rapidly developing digital economy and increasing demand for innovative cloud-based solutions. With Speed+, we are e...