Jatis to open offices in Thailand, RP
Jatis to open offices in Thailand, RP
JAKARTA (JP): E-business consultancy Jatis Solutions plans to
expand to neighboring Thailand and the Philippines in line with
its target of becoming the region's IT powerhouse, a senior
executive said.
"Thailand and the Philippines are basically the same as
Indonesia. Their manufacturers are highly dependent on
distributors and will need Jatis' e-business solutions," Jatis
president and CEO Jusuf Sjariffudin said in a media gathering.
Jatis will invest between US$1 million to $2 million to
acquire the companies in each country, he said declining to name
the companies involved.
Jusuf also said that the company had, earlier in the month,
acquired an e-business consultancy company in Singapore to
represent Jatis there. The Singapore company, Liahoni, was
acquired with an investment of about $3.3 million, he said.
Jusuf said Jatis recently received an additional equity
investment of about $8.5 million from London-based company 3i and
Singapore's ITG.
He said that new investment would go into the expansion of its
Indonesian branch especially towards human resources and
development.
"In May 2000, 3i invested $2 million into Jatis, and this is
the second round of investments," he said.
Jatis recorded a 399 percent growth in total revenues to
between $3 million and $5 million in 2000, Jusuf said, adding
that this year it predicted revenues would grow about 200
percent.
"Since we first operated in 1997, Jatis had seen average
growth of 200 percent each year. This year we predict the same,"
he said.
The company plans to sell some of its shares to the public to
raise more investment to finance its expansion program, Jusuf
said, adding that the initial public offering (IPO) of the
company's shares would be launched later this year.
"We have been ready for a long time now to go public, but we
don't want to rush it. We don't want to float shares but then
disappoint our investors," he remarked.
Jatis, established late in 1997 in Jakarta, is an IT company
providing solutions for corporations eager to go into e-business,
and since then has opened offices in Singapore and Malaysia.
The company is jointly owned by local and foreign investors
including the London-based IT consultant 3i and Singapore's ITG.
But Jusuf said the majority of company shares are still
controlled by local investors.
Working together with software development company, Oracle,
Jatis provides business applications such as enterprise resource
planning, supply chain management, human resource management, and
customer relations management.
Its customers include Bank Central Asia (BCA), Bank Universal,
retailer PT Alfa Retailindo, also cigarette producers PT Gudang
Garam, and PT HM Sampoerna. (tnt)