Software developer looks to MIA listing
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KP Soft (Thailand) plans to list on the Market for Alternative Investment next year to raise funds for expanding into the AEC market and beyond.
“We have expertise and experience in providing enterprise resource planning and retail software solutions to the finance, automobile and accounting businesses,” CEO Somchai Kitiporn said yesterday.
Last year, Bt100 million in equity was injected into the local software company by the Government Savings Bank and UOB for investments and prepare for entry into the Asean Economic Community market with business partners in the near feature.
It already introduced its active dealer management system (ADMS) to Vietnam last year. It has also developed localised software in Korean, Japanese and Chinese.
The firm now sells two main total software solutions. Hire purchase/leasing and enterprise software is designed for banks and the financial market, while ADMS is a web application for car dealers.
Its other software solutions are customer relationship management, business intelligence, mobile applications, edutainment, cloud computing and software for retail and enterprise resource planning.
The firm now has 130 employees. Last year it joined Khon Kaen University in an human resources development project to support its business and 20 developers are expected to graduate from the programme next year. The firm last year generated revenue of Bt100 million and targets Bt150 million this year.
