Does This Acquisition Represent A Core Change At The Heart Of The SaaS Industry?
HeartCore Enterprises believes that its acquisition of Sigmaways will allow it to continue expanding its already impressive suite of digital marketing solutions. IPOing at $15 million, HeartCore hopes to become a major player in the international business software and services market, which was valued at over $429 billion in 2021 and has been predicted to have a compound annual growth rate of 11.7% between now and 2030, according to Grand View Research.
Direct Digital Holdings Inc. (NASDAQ: DRCT) also operates in this market, though it emphasizes tailored advertising content; other SaaS companies, such as InfoBird Co. Ltd. (NASDAQ: IFDB) and Zendesk Inc. (NYSE: ZEN), target companies looking to upgrade their digital marketing software and hardware.
?HeartCore?s majority stake acquisition of Sigmaways expands its U.S. presence with an excellent subsidiary bringing consistent revenues and streamlined R&D expenses,? HeartCore CEO Sumitaka Kanno (Yamamoto) said. ?The B2B transaction ecosystem is on the cusp of a complete transformation, and HeartCore believes that Sigmaways has the right vision and positioning to lead that change.?
Sigmaways Founder Prakash Sadasivam, voiced his excitement for the acquisition saying, ?This acquisition also brings us a network of IT professionals to clients across multiple industries. Combined with HeartCore?s credentials, Sigmaways will enable greater opportunities to deliver value to clients with innovation, staff augmentation, design and Talent as a Service (TaaS) for enterprise customers in many economic sectors.?
Learn more about HeartCore Enterprises Inc. here.
Learn more about Sigmaways here.
Headquartered in Tokyo, Japan, HeartCore Enterprises, Inc. is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics to create tailored web experiences for their enterprise clients. HeartCore?s customer experience management platform (CXM Platform) includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises.
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15.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.deLanguage: English Company: HeartCore Enterprises
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