Sagtec Global Enters Indonesia with Master Dealership for Cloud-Based Smart Ordering System, Targeting US$30 Million in Revenue

Company Overview - Sagtec Global Limited is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector, and also offers software development, data management, and social media management to enhance operational efficiency across various industries [6] - The company operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd [6] Strategic Partnership - Sagtec has expanded into Indonesia through a Master Dealership Agreement with PT Kiwari Asih Solusi, appointing Kiwari as the exclusive master dealer for Sagtec's Speed+ Cloud Base Smart Ordering System [1][5] - Kiwari has committed to a minimum annual purchase of 10,000 licenses, generating an estimated revenue of at least US$30 million over the next five years [2] Market Opportunity - Indonesia's digital transformation market is projected to reach approximately US$60 billion by 2030, with a CAGR of nearly 20% from 2025 to 2030, driven by increasing technology adoption across various sectors [3] - The Asia Pacific cloud-based Point of Sale (POS) market is expected to expand at a CAGR of almost 20% from 2024 to 2030, presenting significant opportunities for Speed+ in a tech-savvy market [4] Industry Trends - The growth in Indonesia's digital economy is fueled by rising consumer spending and a growing middle class, leading businesses to adopt digital solutions to enhance customer experience and operational efficiency [3] - The partnership with Kiwari is seen as a significant milestone in Sagtec's expansion strategy for Southeast Asia, aiming to empower local businesses to optimize their operations [5]