Sagtec Global Limited: Achieving Major Milestones in Hospitality
KUALA LUMPUR, Malaysia — Sagtec Global Limited (NASDAQ: SAGT), a leading provider of enterprise software solutions, proudly announces a landmark achievement in its smart hospitality business. The company has successfully delivered the initial phase of a significant contract worth US$10 million in partnership with SMD Tech – FZCO. This completion paves the way for considering future developments in a rapidly evolving digital landscape.
Successful Project Execution and Revenue Strategy
Announced earlier in mid-2025, this deal is designed with a robust revenue model, wherein more than 60% of its entire value comprises multi-year recurring revenue streams. This encompasses software licensing, hosting, and vital services that ensure longevity in customer relationships. Sagtec is on track for the complete rollout, ensuring that revenue recognition aligns with the fiscal advancements planned for this year.
Comments from Leadership
"Reaching this milestone underscores our commitment to execute large-scale Software as a Service (SaaS) contracts effectively," stated Kevin Ng, the Chairman and CEO of Sagtec Global. "Our success here is not just about marking operational progress but also about proving our capability to drive consistent cash flow and leverage strong partnerships across burgeoning markets. It reflects the disciplined approach of our team and the trust we build in the region."
Enhancing Vertical SaaS Solutions
Sagtec is not only achieving success with its UAE project, but it is also making strides with its Speed+ Smart Ordering System, a service tailored for the food and beverage and hospitality sectors. This solution supports an impressive pipeline valued at US$30 million across Southeast Asia and has successfully transitioned to active deployment with commercial clients. It aims to enhance efficiency and boost profits, establishing Sagtec’s position as a key player within these industries.
Growth in a Thriving Market
The hospitality industry in the UAE is projected to experience remarkable growth, with estimates suggesting it could reach US$37.7 billion by 2033. By entering this market, Sagtec is placing itself at the forefront of the ongoing transformation towards smart tourism and digital engagement among guests. Concentrating on innovative solutions and expanding geographically, Sagtec aims to enhance shareholder value significantly.
About Sagtec Global Limited
Sagtec Global is a technology leader dedicated to providing customized software solutions suited for various sectors, including hospitality and food and beverage. The company also manages digital infrastructure initiatives through its Malaysian subsidiary, CL Technologies, supporting data hosting and analytical services.
Contacting Sagtec Global
For additional insights or inquiries, feel free to reach out to:
Sagtec Global Limited
Ng Chen Lok
Chairman, Executive Director & CEO
Telephone: +6011-6217 3661
Email: info@sagtec-global.com
Frequently Asked Questions
What is Sagtec Global known for?
Sagtec Global is recognized for providing innovative enterprise software solutions, particularly in the hospitality and F&B sectors.
What recent milestone has Sagtec Global achieved?
The company has successfully completed the first phase of a US$10 million smart hospitality contract in the UAE.
How does Sagtec's revenue model work?
Sagtec’s revenue model is structured primarily around multi-year recurring revenue from software licensing, analytics, and services.
What markets is Sagtec Global focusing on?
Sagtec is focusing on high-growth markets such as the UAE and Southeast Asia, particularly in the hospitality and smart infrastructure sectors.
Who can I contact for more information about Sagtec Global?
For information, you can contact Ng Chen Lok, the Chairman and CEO, via email at info@sagtec-global.com or by telephone at +6011-6217 3661.
