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 [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 signed a Master Dealership Agreement with SMD Tech – FZCO, appointing SMD Tech as its exclusive master dealer for the Speed+ Cloud-Based Smart Ordering System in Dubai [1][2] - The agreement includes a commitment from SMD Tech to purchase a minimum of 10,000 software licenses over the next five years, translating into an expected revenue pipeline of no less than US30 million [2] Product Offering - Speed+ is a cloud-native ordering platform designed to transform operations in the retail and F&B sectors, providing seamless order processing, real-time analytics, and automated customer engagement [3] - The platform's relevance is highlighted by the UAE's projected digital economy contribution of over US140 billion to GDP by 2031, driven by government-led innovation and enterprise digitalization [3] Market Potential - The UAE's F&B market is forecasted to surpass US1 billion, indicating a strong demand for integrated platforms like Speed+ [4] Future Outlook - The agreement with SMD Tech is expected to unlock a predictable multi-year revenue stream and position Sagtec as a key digital enabler in the Middle East's F&B transformation [5] - The partnership aims to capture market share and establish long-term Software-as-a-Service (SaaS) dominance in the region [5]
Sagtec Global Secures US$30 Million Revenue Pipeline Through Exclusive UAE Partnership, Accelerating Global Expansion