JD Edwards Sees 30%-35% of Asia Sales From E-Commerce by 2003
Singapore, Jan. 21 (Bloomberg) -- J.D. Edwards & Co., a U.S.-based developer of business management software, expects electronic commerce-related business to account for 30 percent to 35 percent of its revenue from Asia by 2003.
The company today signed an agreement with StarHub Pte., Singapore's No. 3 Internet provider, and etako.com Ltd., an applications service provider, to market its e-commerce software, JDe.sourcing, in Asia.
``Our three key markets are Singapore, Malaysia and Hong Kong,' said Alvin Kok, managing director of Asia Pacific for J.D. Edwards (Asia Pacific) Pte. ``All three countries want to be the leader' in promoting the Internet.
The companies are seeking to take advantage of an expanding market for electronic commerce. The number of Internet users in Asia outside Japan is expected to expand 35 percent a year until 2003 to reach 57.5 million customers by then, market researcher International Data Corp. said.
J.D. Edwards posted sales of $944.23 million for the year ended October 1999. Out of the total, about 5 percent came from Asia, Kok said.
Etako.com, set up last year to provide business solutions for companies, is talking to four potential customers for the e- commerce software, said Karen Fukumura, chief executive officer of the company.
The company hopes to sign on 50 customers in one year in Singapore and expects to see ``over 100 percent growth rate for the first couple of years,' Fukumura said.
Denver-based J.D. Edwards also makes software to automate business processes such as accounting, manufacturing, inventory and distribution.
StarHub is a joint venture owned by British Telecommunications Plc, Japan's NTT Corp., Singapore Technologies Pte. and Singapore Power Ltd. |
