Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Cadmus Extends Winning Presence


Cadmus Extends Winning Presence To Singapore And India

Auckland, 7 December 2005

Cadmus Technology, New Zealand's leading exporter of payment solutions was named as the Deloitte / Management Magazine Emerging Enterprise of the Year in the prestigious annual Fast 200 Awards.

The Deloitte/Management Magazine Fast 200 Awards gala ceremony saw several companies vying for the Emerging Enterprise of the Year award which recognizes the business that has demonstrated outstanding achievements in export led growth, new product developments and for being a technology leader.

Keith Phillips, Chairman for Cadmus Technology says that the Emerging Enterprise Award caps off what has been a watershed year for the company in terms of expansion and growth in several key markets. These include several major deals with banks and retailers in Australia, Nigeria, India and Asia.

Accordingly, to manage this growth Cadmus will open two regional offices in Singapore and India in 2006.

"To support the growth of Cadmus in Asia and provide closer support to our existing and new clients, we will create two new offices in Singapore and India. Both markets represent significant ongoing revenue streams for Cadmus now and well into the future," says Phillips.

Singapore is a gateway to the South-East Asian region where Cadmus continues to experience significant growth within new and existing clients. Cadmus has had success in the Singapore market, where, inconjucntion with ST Electronics Info-Comm (STEE previously CET Technologies) the company supplied the new Cadmus CP03SCR to one of the largest taxi operators, Citycabs Pte Ltd. Further to that Cadmus has also announced an agreement to supply NETS with new outdoor payment terminals which are a secure EMV pin pad product with a specific ruggedised facia plate.

NETS, which pioneered the concept of convenient cashless payments in Singapore, is owned by three major banks and manages the debit network in Singapore. NETS also operates in a number of other markets including China, Hong Kong and South-east Asia at more than 12,500 merchants and across 30,000 points of access from retail outlets, vending machines to car parks.

STEE (www.stee.stengg.com/infocomm/index.htm) is a shareholder in Cadmus and the companies have agreed to work together to develop their respective markets. STEE provides a range of mobile business solutions, track & trace solutions, electronics and info security products throughout the region.

Likewise, in India, Cadmus has announced a pilot rollout of 1,000 terminals with one of the country's largest banks, ICICI. India is set to experience tremendous growth as its banks and retailers begin to embrace EFTPOS and electronic payment solutions as part of daily commerce. Accordingly, Cadmus is looking at increasing its presence and reach in India, initially through a new office near the commercial and financial hub of Mumbai.

In both Singapore and India Cadmus will continue to look for suitable partners who can assist the company in increasing its reach and market penetration as well as offer local services, support and technical assistance.

Keith Philips, Chairman for Cadmus Technology says that opening offices in Singapore and India is a logical progression as the company experiences ongoing strong demand for its services from throughout Asia, India and the immediate surrounding regions.

"Cadmus has credibility and a proven track record in Singapore and India through our involvement with strategic partners like ST Electronics (Info-Comm Systems) as well as via our ongoing relationship with Tier A clients such as ICICI Bank, CityCabs and NETS. Opening regional offices to better service our clients in Singapore and India was always a case of 'when' not 'if'," says Philips.

Philips also says the regional hub provided by both Singapore and India provides additional benefits by allowing Cadmus to be more responsive to opportunities within the broader Asian market as they arise, as well as driving additional revenue streams.

"Ultimately, Cadmus needs an Asian footprint if we want to take full advantage of the growth in the payment solutions sector whether this is EMV compliant payments terminals, vending machines payment products, state of the art wireless pinpad terminals, or the range of host-based systems and services."

"The advanced turn-key payment solutions we have are exactly what markets like Singapore and India want. Cadmus needs to have a local presence on the ground in both these key Asian markets if we are to fully capitalize on all the opportunities arising from the competitive advantage we have over everyone else."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Stats NZ: Largest Drop In Terms Of Trade In A Decade As Dairy Export Prices Sour

Lower export prices for dairy, meat, and logs in the September 2020 quarter led to the biggest drop in terms of trade since June 2009, Stats NZ said today. Export prices fell in the September 2020 quarter, down 8.3 percent from its highest ever ... More>>

ALSO:

Stats NZ: Election Boosts October Job Numbers

Job numbers were boosted by general election staff in October 2020, along with rises in the manufacturing, retail, and hospitality industries, Stats NZ said today. Filled jobs rose by 27,667 to 2.2 million in October 2020 compared with September, after ... More>>

Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>

ALSO:


Media: Discovery, Inc. Completes Acquisition Of New Zealand’s Mediaworks TV Ltd

Auckland, New Zealand, December 1, 2020 - Discovery, Inc. (“Discovery”), the global leader in real-life entertainment, has completed its acquisition of New Zealand’s leading independent free-to-air commercial broadcaster, MediaWorks TV Ltd, now operating ... More>>

Department Of Conservation: Big Year Underway At Albatross Colony

Familiar faces are returning for the new season of Royal Cam, with a big breeding year underway for the toroa/northern royal albatross colony on Otago’s windswept Pukekura/Taiaroa Head. More than 120 albatrosses, a taonga species, have returned ... More>>

Real Estate: ASB Survey Reveals Majority Of Kiwis Expect House Prices To Keep Climbing

ALSO:

House price expectations are soaring as New Zealand’s housing market shifts up a gear. But stretched affordability is putting a dent in perceptions of whether it’s a good time to buy. While Kiwis reveal they do expect interest rates to fall further. ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>

ALSO: