Tech firm Deskera mulls Catalist listing

It needs funds to expand operations.

Deskera Holdings, a provider of cloud-based business management software, is mulling a listing on the SGX’s Catalist board.

The firm has lodged a preliminary offer document for a Catalist IPO on December 31 last year.

The group’s net profit stood at $2.5 million in 201 and S$3.1 million in net profit for the first half of 2015.

Deskera wants to boost sales and marketing capabilities, improve its digital infrastructure, and add to its products, it said in its offer document.

Its key focus is growing sales in Thailand, Malaysia and Indonesia. It also aims to improve its brand recognition outside Singapore and Malaysia.

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