Latest news with #Sagtec
Yahoo
3 days ago
- Business
- Yahoo
Sagtec Eyes AI Leadership with Smart Bridge Deal
Sagtec Global Limited (NASDAQ:SAGT) is moving forward with its plans by sealing a term sheet to acquire Smart Bridge Technology Limited, a dynamic AI software company, for $17.6 million. Poised to purchase the company at an approximate price-to-earnings (PE) ratio of 10, Sagtec is all set to transition to a full-spectrum AI technology leader, enabling it to deliver real-time intelligence to enterprises all over Asia. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future,' mentioned Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec Global Limited (NASDAQ:SAGT). Under the transaction, Sagtec Global Limited (NASDAQ:SAGT) will expand its TAM into high-growth sectors where there is no survival without predictive analytics and behavioral intelligence. From capitalizing on mobile-first, intelligent enterprise software to intelligent POS and behavioral analytics, the company's relevance to this ever-evolving market is something that can't be denied. While the global AI retail market is projected to reach $43 billion by 2032, the SME-focused AI software market will surpass $25 billion. This acquisition proposal came soon after the company delivered around 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to a UAE partner. This initiative to rapidly expand the AI sector means that the giant has taken a new turn to be worth more and more over the years. While we acknowledge the potential of SAGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAGT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None.
Yahoo
4 days ago
- Business
- Yahoo
Sagtec Eyes AI Leadership with Smart Bridge Deal
Sagtec Global Limited (NASDAQ:SAGT) is moving forward with its plans by sealing a term sheet to acquire Smart Bridge Technology Limited, a dynamic AI software company, for $17.6 million. Poised to purchase the company at an approximate price-to-earnings (PE) ratio of 10, Sagtec is all set to transition to a full-spectrum AI technology leader, enabling it to deliver real-time intelligence to enterprises all over Asia. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future,' mentioned Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec Global Limited (NASDAQ:SAGT). Under the transaction, Sagtec Global Limited (NASDAQ:SAGT) will expand its TAM into high-growth sectors where there is no survival without predictive analytics and behavioral intelligence. From capitalizing on mobile-first, intelligent enterprise software to intelligent POS and behavioral analytics, the company's relevance to this ever-evolving market is something that can't be denied. While the global AI retail market is projected to reach $43 billion by 2032, the SME-focused AI software market will surpass $25 billion. This acquisition proposal came soon after the company delivered around 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to a UAE partner. This initiative to rapidly expand the AI sector means that the giant has taken a new turn to be worth more and more over the years. While we acknowledge the potential of SAGT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SAGT and that has 100x upside potential, check out our report about the READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure. None. Sign in to access your portfolio
Yahoo
5 days ago
- Business
- Yahoo
Sagtec Accelerates AI Expansion with Proposed Acquisition of Agentic AI Software Company
KUALA LUMPUR, Malaysia, May 29, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a leading provider of customizable software solutions, today announced that it has signed a term sheet for the proposed acquisition of Smart Bridge Technology Limited ('Smart Bridge'), a fast-growing agentic AI software Company. Under the terms of the proposal, Sagtec intends to acquire Smart Bridge at approximately 10 times the price-to-earnings (PE) ratio for consideration of US$17.6 million, subject to the execution of a definitive agreement and customary closing conditions. This proposed acquisition is set to transform Sagtec from a data systems provider into a full-spectrum AI technology leader, capable of delivering predictive, real-time intelligence to businesses across Asia. With Smart Bridge's proven AI engine and high-margin software business, Sagtec positions itself at the intersection of AI innovation and real-world commercial application, unlocking a multi-billion-dollar total addressable market (TAM) in behavioral analytics, decision automation, and intelligent enterprise software. Sagtec currently supports thousands of F&B outlets and retailers through its industry-leading point-of-sale (POS) and backend platforms, generating vast volumes of structured consumer and transaction data. The acquisition of Smart Bridge will supercharge Sagtec's ecosystem, enabling the Company to: Deliver automated business intelligence to its F&B clients Launch AI-driven menu optimization, upselling strategies, and supply forecasting Detect and prevent revenue leakage via behavioral fraud analytics and anomaly detection Enter new verticals including logistics, fintech, and hospitality with customizable AI modules With this proposed acquisition, Sagtec broadens its TAM beyond retail into high-growth sectors where predictive analytics and behavioral intelligence are crucial. Markets and Markets projects the global AI retail market will reach US$43 billion by 2032, International Data Corporation estimates the SME-focused AI software market will exceed US$25 billion, and Grand View Research forecasts the intelligent POS and behavioral analytics market to surpass US$65 billion. Together, these markets offer Sagtec significant opportunities to leverage Smart Bridge's AI capabilities and expand into new, monetizable verticals. This initiative aligns with the rapid expansion of the Artificial Intelligence sector, driven by increasing digital adoption, growing enterprise awareness of AI's transformative potential, and rising reliance on mobile platforms. Concurrently, demand for mobile-first, intelligent enterprise software is surging, reshaping how businesses compete and operate in an increasingly digital landscape. Smart Bridge has demonstrated strong financial and operational performance, reporting a net profit of US$2.1 million, showcasing the high efficiency and scalability of its AI-driven business model. The company continues to expand its growing client base across Asia, with its scalable AI engine successfully deployed in multiple high-volume environments, further validating the commercial viability and adaptability of its technology. 'This acquisition accelerates Sagtec's vision of becoming the AI-first enterprise platform of the future. We're not just building tools, we're engineering intelligence that empowers everyday operators to predict, optimize, and monetize every transaction. It marks a transformative chapter for Sagtec, where we move beyond facilitating business to fundamentally reshaping it, unlocking new revenue streams and driving smarter, data-driven growth across industries,' said Kevin Ng, Chairman, Executive Director, and Chief Executive Officer of Sagtec. About Smart Bridge Technologies Limited Smart Bridge Technologies is a Malaysian-based AI and software development company providing agentic software, enterprise-grade IT solutions, and digital transformation services. The company specializes in AI-powered automation, systems integration, and tailored digital consulting. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact:Ng Chen LokChairman, Executive Director & Chief Executive OfficerPhone: +6011-6217 3661Email: info@
Yahoo
19-05-2025
- Business
- Yahoo
Sagtec Global Delivers 8,000 Speed+ Licenses and 200 units of FoodKiosk Machines in UAE, Marking Major Milestone in Regional Rollout
KUALA LUMPUR, Malaysia, May 19, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), a leading provider of customizable software solutions, today announced the successful delivery of 8,000 Speed+ Cloud-Based Smart Ordering System licenses and 200 FoodKiosk smart self-service machines to its exclusive UAE partner, SMD Tech – FZCO ('SMD Tech'). The delivery is invoiced at US$1,345,000, representing a substantial commercial milestone in Sagtec's strategic expansion into the Middle East and reinforcing its role as a key enabler in the region's food and beverage (F&B) and retail digital transformation. The delivery, which forms part of the previously announced five-year Master Dealership Agreement with SMD Tech, represents 80% fulfillment of the initial 10,000-license commitment. The integration of 200 FoodKiosk machines adds a critical hardware component to the Speed+ ecosystem, enabling a fully automated and seamless customer ordering experience in both dine-in and quick-service environments. 'This milestone delivery not only affirms Sagtec's commitment to executing at scale but also signals strong demand from F&B operators seeking intelligent digital solutions,' said Kevin Ng, Chairman, Executive Director and CEO of Sagtec Global. 'Together with SMD Tech, we are enabling the digital transformation of service infrastructure across Dubai and the wider UAE, combining smart software with physical automation for a complete end-to-end solution.' The installed Speed+ platform enables real-time order management, advanced analytics, and automated marketing integration. Coupled with the FoodKiosk terminals, businesses can now reduce wait times, optimize manpower, and boost customer engagement—key priorities in a competitive, experience-driven market. SMD Tech's robust local presence and deep domain knowledge continue to accelerate deployment across key commercial zones, including malls, airports, and major F&B franchise groups. 'We're proud to see Speed+ and FoodKiosk adoption growing rapidly,' said Mr. Ahmed Al Mansoori, Managing Director of SMD Tech. 'This partnership is transforming customer journeys in the UAE and delivering tangible operational efficiencies to our clients.' The deployment coincides with growing regional demand for contactless ordering and smart automation. According to Grand View Research, the Middle East's cloud-based POS market is projected to reach US$1 billion by 2030, underlining the value of Sagtec's integrated approach. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to About SMD Tech – FZCO SMD Tech - FZCO is a technology-focused enterprise based in the United Arab Emirates, specializing in digital infrastructure, IoT solutions, and enterprise transformation. With a mission to empower businesses through innovative software and hardware integration, SMD Tech delivers cutting-edge solutions tailored to the region's fast-evolving digital ecosystem. The company is committed to driving operational excellence and future-ready growth for its clients. Contact Information: Sagtec Global Limited Contact:Ng Chen LokChairman, Executive Director & Chief Executive OfficerPhone: +6011-6217 3661Email: info@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
25-04-2025
- Business
- Associated Press
Sagtec Global to Announce Fiscal Year 2024 Financial Results on April 30, 2025
KUALA LUMPUR, Malaysia, April 25, 2025 (GLOBE NEWSWIRE) -- Sagtec Global Limited (NASDAQ: SAGT) ('Sagtec' or the 'Company'), today announced that it will release its financial results for fiscal year 2024, ended December 31, 2024, before markets open on April 30, 2025. Sagtec's management team will hold an earnings call at 08:00 a.m. Eastern Time on April 30, 2025, to discuss the Company's financial and business outlook. What: Sagtec Global Limited Announces Fiscal Year 2024 Financial Results and Q&A Webcast When: Wednesday, April 30, 2025 Time: 8:00 a.m. Eastern Time / 8:00 p.m. Malaysia Time Webcast: Registration link: Approximately 24 hours after the Q&A session, an archived version will be available on the Company's website for approximately twelve months thereafter. 'We are excited and look forward to sharing the progress and growth our company has experienced during the fiscal year 2024 with our investors,' said Kevin Ng, Chairman, Executive Director and Chief Executive Officer of Sagtec. About Sagtec Global Limited Sagtec is a leading provider of customizable software solutions, primarily serving the Food & Beverage (F&B) sector. The Company also offers software development, data management, and social media management to enhance operational efficiency across various industries. Additionally, Sagtec operates power-bank charging stations at 300 locations across Malaysia through its subsidiary, CL Technology (International) Sdn Bhd. For more information on the Company, please log on to Contact Information: Sagtec Global Limited Contact: Ng Chen Lok Chairman, Executive Director & Chief Executive Officer Telephone +6011-6217 3661 Email: [email protected]
