Increasing regional footprint

HOMEGROWN retail administration software program firm Net Bytes Sdn Bhd has accomplished the acquisition of its Cambodian reseller, Iter Plus Co Ltd.

The acquisition is predicted to spice up Net Bytes presence within the Asean area with its core cloud-based point-of-sale (POS) providing, Xilnex, and contribute to Net Bytes’ 2022 goal income progress of 25%.

“The acquisition marks a brand new milestone in our progress trajectory as it’s our first absolutely owned abroad department. We’re assured we will proceed accelerating our Asean growth with our bodily presence now in Cambodia, Vietnam, Thailand and Singapore in addition to our established choices in markets like Australia.

“We’re additionally excited to welcome into our household, Iter Plus’ purchasers and government crew, to assist take Xilnex to the subsequent degree,” says Net Bytes chief government officer Ooi Boon Sheng.

He provides that the acquisition will higher place the corporate to implement its enterprise methods in Cambodia and to additional improve its capabilities to supply a variety of retail options to the enterprise retail market right here.

“The crew in Cambodia may even now have direct entry to all our know-how and merchandise and we might be localising our options to adapt to the Cambodian market,” says enterprise growth director Tan Wei Package.

Net Bytes started rising its Asean footprint by providing Xilnex by means of reseller corporations in Cambodia and Singapore in 2015. The corporate subsequently established a presence in Vietnam and Thailand by means of joint ventures.

In 2017, the corporate additionally started increasing its retail options to incorporate cell POS, self-ordering kiosks, cell loyalty functions in addition to gross sales, stock and warehousing options.

In response to Ooi, Xilnex POS options are utilized in all worldwide airports in Malaysia and Xilnex’s purchasers embrace meals and beverage manufacturers corresponding to Tealive, Marrybrown, La Juceria and Texas Fried Rooster in addition to retailers like Ms. Learn, Hai-O, Mydin and Alpro Pharmacy.

The corporate additionally lately added iPad-based POS (iOS POS) to its resolution stack, which caters to meals and beverage kiosks, micro-SMEs and mid-sized retailers which have solely a handful of shops.

“This new resolution is a part of Net Bytes’ technique to have options related to all segments of the retail market, from giant enterprise and massive retail chains to micro-sized retailers, to additional strengthen our income stream.”


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