JCurve Solutions, a cloud technology solution provider, kicks off its new financial year off the back of a strong sales quarter achieving AUD$4 million (around $2.9 million) worth of sales in the fourth quarter of the fiscal year 2021 (Q4 FY2021), that is a 40% year-on-year (YoY) growth from AUD$2.8 million (around $2 million) in Q4 FY2020.
Australian firm JCurve Solutions, which recently acquired Philippine company Creative Quest, attributes the growth in sales to the increasing cloud demand and growth opportunities in the Asia Pacific (APAC) region. JCurve Solutions also saw significant Q4 results from its ERP (enterprise resource planning) division achieving AUD $0.9 million (or around 670,000) of sales, won from new customers who selected JCurve Solutions as their preferred partner of choice.
Optimistic that the growth will keep the trajectory, JCurve Solutions recently appointed Arthur Fernandez as its chief growth officer. In his new role, Fernandez will be responsible for the company’s revenue growth across all markets. He will be tasked with aligning all revenue-generating activities across sales, marketing, and operations.
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New chief growth officer
“The Q4 results are a positive sign of growth for the company despite the ongoing challenges posed by the global pandemic over the last 12 to 18 months,” said Fernandez. “I’m hopeful that we can maintain this strong business momentum into the new fiscal year as we look to cement our position as the business transformation partner of choice for businesses across the Asia Pacific.”
Fernandez was most recently general manager for Asia at JCurve Solutions, where he was responsible for sales strategy for the APAC region and helped establish the Riyo Service Management platform, a subsidiary under JCurve Solutions that automates business processes from scheduling through to payment, helping to positively influence customer experience.
Expansion goal
Driven by the momentum of growth in the business, JCurve Solutions acquired Rapid E-Suite Pte Ltd’s Thailand, which provides implementation, management, and maintenance of Enterprise Resource Planning (ERP) systems.
“The addition of Rapid E-Suite in Thailand is a strategic fit for both companies extending our reach and capabilities to both local and regional clients,” said Stephen Canning, CEO, JCurve Solutions. “This acquisition is an exciting milestone in our journey, as businesses in Thailand continue to drive strong digital transformation efforts during the global COVID-19 pandemic. I look forward to expanding our presence in Southeast Asia and supporting Thai businesses through this transition.”
Thailand is a key target market for cloud growth. According to global tech research firm Gartner, cloud spending in Thailand is expected to grow by 28.2% to $1.1 billion (34.4 billion baht) in 2022. Businesses in Thailand will increasingly prioritize investments for greater infrastructure capacity to help sustain operations as the pandemic continues.