SGX Securities is pleased to welcome Info-Tech Systems Ltd. (Info-Tech) to Mainboard under stock code “ITS”.
Info-Tech is a leading provider of cloud-based “Software-as-a-Service” human resource (HR) management software and proprietary cloud-based accounting software. Established in Singapore in 2007, Info-Tech enables businesses to automate and streamline their HR-related operations as well as accounting and inventory processes efficiently, through a comprehensive suite of software solutions. Info-Tech has expanded its footprint to Malaysia, Hong Kong and India, serving over 850,000 active users across more than 23,000 organisations spanning various industries.
Pol de Win, Head of Global Sales and Origination, SGX Group, said, “We are delighted to welcome Info-Tech to our Mainboard. As a trusted gateway to global capital, SGX empowers high-growth companies like Info-Tech to scale across borders and connect with a diverse international investor base. Info-Tech’s innovative cloud-based HR and accounting software solutions have already transformed thousands of businesses across Asia, and we look forward to supporting its next chapter of regional expansion and investor engagement on our platform.”
Babu Dilip, Chief Executive Officer and Co-founder, Info-Tech Systems Ltd., said, “The IPO marks a key milestone for Info-Tech as we enter our next phase of growth. Bolstered by supportive government policies and the push for digitalisation, Info-Tech is well-positioned to capitalise on the increasing adoption of cloud-based solutions, particularly among SMEs. With the IPO proceeds, we intend to deepen market penetration, enhance brand visibility, expand our suite of solutions, and scale our operations, including potentially expanding our geographical presence to new markets and accelerating access to new technology through inorganic acquisitions and partnerships. This forms part of our ongoing commitment to meet our customers’ evolving needs and to deliver consistent value through our continuous effort on product research and software development.”
Info-Tech opened at S$0.95 today.
