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Overview of Orangekloud Technology Inc
Orangekloud Technology Inc (ORKT) is a multifaceted company that operates through its subsidiaries, offering a blend of IT consultancy, technology distribution, and enterprise resource planning (ERP) solutions. The company serves a wide array of clients primarily in Singapore, covering both small and medium enterprises as well as larger organizations that seek integrated digital solutions. With an emphasis on both service and product delivery, Orangekloud bridges the gap between innovative IT technology and practical business applications through its comprehensive approach.
Core Business Areas and Revenue Model
At its core, Orangekloud Technology Inc specializes in providing expert IT consultancy services that enable organizations to streamline operations and enhance efficiency. The company generates revenue by offering platform subscriptions, licensing software, distributing related products, and delivering professional services that support ERP implementations. This diversified revenue model allows Orangekloud to create multiple touchpoints with its customers, ensuring a steady integration of technology solutions tailored to specific business needs.
Enterprise Resource Planning (ERP) Solutions
One of the standout elements of Orangekloud Technology Inc is its provision of ERP systems. These comprehensive solutions help businesses integrate various processes such as finance, human resources, supply chain, and customer relationship management under a unified platform. The ERP services are strategically designed to enhance operational efficiency and provide actionable insights, making them an indispensable tool for companies aiming to adapt to rapid market evolution. By focusing on ERP implementations, Orangekloud addresses a critical need in the digital transformation journey of many organizations.
IT Consultancy and Distribution Services
The company's IT consultancy arm is instrumental in guiding businesses through the complexities of today's digital landscape. By advising on system integration, process optimization, and technology trends, Orangekloud empowers companies to make informed decisions about their IT investments. Additionally, the distribution of related technology products reinforces its market presence as a full-service provider, ensuring that clients have access to the latest tools and infrastructure required for effective IT operations.
Market Position and Industry Relevance
Orangekloud Technology Inc operates within a competitive and rapidly evolving industry where expertise in IT, software licensing, and ERP solutions is paramount. Its strategic focus on the Singapore market and related territories positions it to serve a niche clientele that demands high-quality, integrated IT solutions. The company differentiates itself by combining a broad service portfolio with a deep understanding of the technological needs of modern enterprises. This approach not only strengthens its market position but also establishes a foundation of trust and authority among its clientele.
Expertise and Value Proposition
Underpinned by a robust infrastructure and a team of experienced professionals, Orangekloud Technology Inc is committed to delivering technology solutions that are both innovative and practical. The company’s methodical approach—from identifying client needs to deploying tailored IT systems—demonstrates a systematic expertise that is critical in the fast-paced technology landscape. By leveraging subscriptions, licensing arrangements, and professional service engagements, it provides a versatile array of solutions that enhance business performance while mitigating operational risks.
Comprehensive Service Integration
Beyond individual services, Orangekloud Technology Inc excels in integrating various components of IT, from consultancy to ERP implementation and product distribution. This integration creates a seamless experience for clients, ensuring that every technological need is met with precision and expertise. The strategic use of platform subscriptions reinforces the company's commitment to delivering ongoing value, enabling clients to stay adaptable in a fluid market environment.
Orangekloud Technology (Nasdaq: ORKT) announced the Beta launch of eMOBIQ® AI, scheduled for February 3, 2025. This new AI-driven no-code application development platform, developed in collaboration with AI Singapore, aims to revolutionize how applications are built by automating key development phases.
The platform enables users to communicate requirements in natural language, automatically generating UI wireframes and complete applications with comprehensive documentation within minutes. eMOBIQ AI features advanced AI agents and proprietary orchestration techniques, allowing for cross-platform deployment across web and mobile platforms.
The solution is designed to democratize application development, making it accessible to both professional developers and individuals without coding experience, significantly reducing development time while maintaining precision and quality.
Orangekloud Technology (Nasdaq: ORKT) has appointed Mr. Toh Puay-Yong as Chief Financial Officer, replacing Ms. Shally Ang who is resigning for personal reasons. Mr. Toh, who has been with the company since 2017 in various roles including finance and M&A, previously covered CFO duties during Ms. Ang's maternity leave. He brings extensive experience as a management consultant and has held senior financial positions at companies including MSC Consulting, Cherie Hearts Group, and IPACS Asia. Mr. Toh holds a Bachelor of Accountancy from the National University of Singapore and an MBA from the University of Manchester.
Orangekloud Technology (Nasdaq: ORKT) unveiled its AI-powered no-code application development platform at GITEX Global in Dubai. The platform integrates artificial intelligence agents and large language model (LLM) techniques to automate app development, streamlining page creation and component integration. Developed in collaboration with AI Singapore's 100 Experiments programme, this technology aims to revolutionize app development efficiency. The company expects this innovation to drive significant revenue growth and facilitate expansion into new markets.
Orangekloud Technology Inc. (Nasdaq: ORKT) has announced a strategic investment of S$1,000,000 (approximately $761,000) in Evvo Labs Pte. , a Singapore-based cybersecurity company. This investment will give Orangekloud a 3.23% shareholding stake in Evvo Labs.
The collaboration aims to enhance Orangekloud's digital transformation solutions by leveraging Evvo Labs' cybersecurity capabilities. This is expected to benefit Orangekloud's enterprise customers. The investment will also support Evvo Labs' product enhancement and market expansion into Singapore and Vietnam.
Both companies anticipate positive synergies from this agreement, strengthening their competitive positions and facilitating the development of new products and services. Orangekloud CEO Alex Goh expressed optimism about the collaboration, stating it will improve service to enterprise end-users and create new product revenue opportunities.
Orangekloud Technology (Nasdaq: ORKT) has signed a Memorandum of Understanding (MOU) with JPJ Medical to distribute its SaaS solutions in South Africa's healthcare sector. The partnership aims to offer Orangekloud's eMOBIQ® No-Code platform as a white-labeled OEM solution, enabling healthcare organizations to automate and streamline mobile digital processes.
Key points:
- JPJ Medical will receive training and support from Orangekloud
- The partnership is expected to expand Orangekloud's market reach in South Africa
- CEO Alex Goh anticipates finalizing the agreement within weeks
- The collaboration targets the growing demand for digital transformation in South African healthcare
OrangeKloud Technology Inc. (Nasdaq: ORKT) has announced a collaboration with AI Singapore (AISG) under the 100 Experiments programme to enhance its eMOBIQ® No-Code platform. The project aims to create AI agents that automate app development, eliminating the need for code syntax or manual drag-and-drop processes. This advancement will enable non-programmers to build enterprise applications rapidly using natural language, potentially reducing development time from weeks to hours.
The collaboration seeks to combine large language model (LLM) knowledge with enterprise domain expertise, positioning OrangeKloud at the forefront of Singapore's AI capabilities. CEO Alex Goh emphasized the potential for significant commercial value and benefits to Singapore's digital economy.
Orangekloud Technology (Nasdaq: ORKT) has signed a Memorandum of Understanding (MOU) with the Electronics Industries Training Centre (ELITC) in Singapore to enhance workforce skills and drive digital transformation. The partnership will integrate Orangekloud's eMOBIQ No-Code platform training into ELITC's curriculum, equipping trainees with skills to develop mobile applications for the digital workplace.
This collaboration aims to support Singapore's national digitalization efforts by providing the workforce with essential digital skills. Additionally, Orangekloud will leverage ELITC's network of Small and Medium Enterprises (SMEs) to introduce its eMOBIQ mobile applications, enabling these businesses to develop solutions for optimizing operations in areas such as warehousing and sales.
OrangeKloud Technology Inc. (ORKT) has successfully closed its initial public offering (IPO) of 2,750,000 Class A Ordinary Shares at $4.75 per share, raising approximately $13.1 million in gross proceeds. The shares began trading on the NASDAQ Capital Market on July 25, 2024, under the symbol 'ORKT'. The company has granted underwriters a 45-day option to purchase up to an additional 412,500 shares, potentially increasing gross proceeds to $15.0 million if fully exercised.
Maxim Group, served as the sole Book-Running manager for the offering. The IPO was conducted pursuant to the company's Registration Statement on Form F-1, which was declared effective by the SEC on July 24, 2024. Investors are advised to read the prospectus and other SEC filings for detailed information about the company and the offering.
OrangeKloud Technology announced the pricing of its initial public offering (IPO) at $4.75 per share, totaling $13.1 million. The offering includes 2,750,000 shares of Class A Ordinary Shares, with an additional 45-day option for Maxim to purchase up to 412,500 more shares at the same price. Trading will commence on the Nasdaq Capital Market under the ticker ORKT on July 25, 2024. The IPO is expected to close on July 26, 2024, pending customary conditions. Maxim Group is the sole book-running manager for the offering. Legal counsel includes Loeb & Loeb LLP in the U.S., Bird & Bird ATMD LLP in Singapore, and Harney Westwood & Riegels in the Cayman Islands, with Pryor Cashman LLP supporting Maxim.