Company briefs: Deskera Holdings

Deskera Holdings

The provider of cloud-based business management software lodged a preliminary offer document for a listing on the Catalist board on Dec 31 last year.

Deskera provides software that supports business needs like enterprise resource planning and customer relationship management, and caters mainly to the Asian small and medium-sized enterprise market.

Cloud services allow customers to use applications offered over a network and pay for only what they use.

The company made $2.5 million of net profit in 2014 and $3.1 million in net profit for the first half of last year.

Revenue for 2014 was $14.4 million and came in at $16.3 million for the first half of last year.

The group intends to grow sales and marketing capabilities, improve its digital infrastructure and add to its products, it said in the offer document.

Its key focus is growing sales in Thailand, Malaysia and Indonesia.


Singapore Technologies Engineering

Singapore Technologies Marine, the marine arm of Singapore Technologies Engineering, secured new orders worth about $344 million for its ship repair and engineering divisions in the fourth quarter of last year.

The contracts cover major upgrades, conversion, maintenance and repair of vessels, including patrol and pipe-laying craft.

They also include oil and chemical tankers, and a cruise ship.

The new orders also included logistics management services.

These projects are being carried out in its Singapore facilities, and will be delivered progressively over the next two to six years.


GLP

The provider of logistics facilities has signed leases totalling 87,000 sq m with three industry leaders in China.

GLP said that the leases would strengthen its collaboration with two key customers - e-commerce firm JD.com and Best Logistics, a third-party logistics provider in China.

It has also established a new relationship with an e-commerce company selling auto parts.

All the customers will use the space to meet the increasing demand from domestic consumption.

A version of this article appeared in the print edition of The Straits Times on January 05, 2016, with the headline 'Company briefs: Deskera Holdings'. Print Edition | Subscribe