Jatis to open offices in Thailand, RP<\/p>\n
JAKARTA (JP): E-business consultancy Jatis Solutions plans to
\nexpand to neighboring Thailand and the Philippines in line with
\nits target of becoming the region's IT powerhouse, a senior
\nexecutive said.<\/p>\n
\"Thailand and the Philippines are basically the same as
\nIndonesia. Their manufacturers are highly dependent on
\ndistributors and will need Jatis' e-business solutions,\" Jatis
\npresident and CEO Jusuf Sjariffudin said in a media gathering.<\/p>\n
Jatis will invest between US$1 million to $2 million to
\nacquire the companies in each country, he said declining to name
\nthe companies involved.<\/p>\n
Jusuf also said that the company had, earlier in the month,
\nacquired an e-business consultancy company in Singapore to
\nrepresent Jatis there. The Singapore company, Liahoni, was
\nacquired with an investment of about $3.3 million, he said.<\/p>\n
Jusuf said Jatis recently received an additional equity
\ninvestment of about $8.5 million from London-based company 3i and
\nSingapore's ITG.<\/p>\n
He said that new investment would go into the expansion of its
\nIndonesian branch especially towards human resources and
\ndevelopment.<\/p>\n
\"In May 2000, 3i invested $2 million into Jatis, and this is
\nthe second round of investments,\" he said.<\/p>\n
Jatis recorded a 399 percent growth in total revenues to
\nbetween $3 million and $5 million in 2000, Jusuf said, adding
\nthat this year it predicted revenues would grow about 200
\npercent.<\/p>\n
\"Since we first operated in 1997, Jatis had seen average
\ngrowth of 200 percent each year. This year we predict the same,\"
\nhe said.<\/p>\n
The company plans to sell some of its shares to the public to
\nraise more investment to finance its expansion program, Jusuf
\nsaid, adding that the initial public offering (IPO) of the
\ncompany's shares would be launched later this year.<\/p>\n
\"We have been ready for a long time now to go public, but we
\ndon't want to rush it. We don't want to float shares but then
\ndisappoint our investors,\" he remarked.<\/p>\n
Jatis, established late in 1997 in Jakarta, is an IT company
\nproviding solutions for corporations eager to go into e-business,
\nand since then has opened offices in Singapore and Malaysia.<\/p>\n
The company is jointly owned by local and foreign investors
\nincluding the London-based IT consultant 3i and Singapore's ITG.
\nBut Jusuf said the majority of company shares are still
\ncontrolled by local investors.<\/p>\n
Working together with software development company, Oracle,
\nJatis provides business applications such as enterprise resource
\nplanning, supply chain management, human resource management, and
\ncustomer relations management.<\/p>\n
Its customers include Bank Central Asia (BCA), Bank Universal,
\nretailer PT Alfa Retailindo, also cigarette producers PT Gudang
\nGaram, and PT HM Sampoerna. (tnt)<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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