WORLD SOFTWARE COMPANY PLANS TO INVEST IN INDONESIA
The Jakarta Post -- 4 May 2006
Statistical Analysis System (SAS) Institute Inc, one of the world's largest private software companies, plans to invest US$2 million in Indonesia in the coming three years.
Chief operating officer for Indonesia, Erwin Chan, said Wednesday that the company, which focuses on providing integrated business intelligence software, planned to put the money into infrastructure to support its services and the development of its human resources here.
"Our main strategy for the future in this country is to have a direct presence by investing more, including the opening of a Jakarta office, as well as the doubling of the number of our employees," Chan said.
Over the last 10 years the company has been monitoring its operations in Indonesia from its branch office in Singapore.
He added that the company would also expand its business through strategic partnerships to serve its customers, mostly from the financial sector, better by providing them with integrated business intelligence software that enables them to rapidly integrate data from branch offices.
The software can simplify company information processes as it uses a single application, Chan said.
SAS's major customers in Indonesia include Citibank, HSBC, BNI, Bank Mandiri and PT Telkom Indonesia.
"So far, the financial sector has been contributing 40 percent to our growth," he said. "We still expect it to be the main contributor followed by other sectors, such as telecommunications, commerce and the government."
He explained that Indonesia was displaying a better economic performance in both the public and private sectors.
The country was also consolidating and restructuring its banking and telecommunications industries, Chan added.
Executive director for Asia Pacific field strategy and support division, Andrew Quek, said that Asia-Pacific contributed about $170 million, or 10 percent, to the company's total revenues of $1.68 billion in 2005.
"This figure was 15 percent higher than the amount we obtained in previous year in the region," he said.
The U.S.-based company, established in 1976, has 356 branch offices around the world, including 21 in Asia-Pacific, and boasts subscribers in more than 110 countries.
Statistical Analysis System (SAS) Institute Inc, one of the world's largest private software companies, plans to invest US$2 million in Indonesia in the coming three years.
Chief operating officer for Indonesia, Erwin Chan, said Wednesday that the company, which focuses on providing integrated business intelligence software, planned to put the money into infrastructure to support its services and the development of its human resources here.
"Our main strategy for the future in this country is to have a direct presence by investing more, including the opening of a Jakarta office, as well as the doubling of the number of our employees," Chan said.
Over the last 10 years the company has been monitoring its operations in Indonesia from its branch office in Singapore.
He added that the company would also expand its business through strategic partnerships to serve its customers, mostly from the financial sector, better by providing them with integrated business intelligence software that enables them to rapidly integrate data from branch offices.
The software can simplify company information processes as it uses a single application, Chan said.
SAS's major customers in Indonesia include Citibank, HSBC, BNI, Bank Mandiri and PT Telkom Indonesia.
"So far, the financial sector has been contributing 40 percent to our growth," he said. "We still expect it to be the main contributor followed by other sectors, such as telecommunications, commerce and the government."
He explained that Indonesia was displaying a better economic performance in both the public and private sectors.
The country was also consolidating and restructuring its banking and telecommunications industries, Chan added.
Executive director for Asia Pacific field strategy and support division, Andrew Quek, said that Asia-Pacific contributed about $170 million, or 10 percent, to the company's total revenues of $1.68 billion in 2005.
"This figure was 15 percent higher than the amount we obtained in previous year in the region," he said.
The U.S.-based company, established in 1976, has 356 branch offices around the world, including 21 in Asia-Pacific, and boasts subscribers in more than 110 countries.
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