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Serko Limited — Capital/Financing Update 2017
Nov 19, 2017
66271_rns_2017-11-20_3cf8bf6b-9bff-4837-9d3d-06c83daf8bfa.pdf
Capital/Financing Update
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Market Release 20 November 2017
Serko & ATPI Group sign MOU for global deployment of Zeno
Serko Limited (NZX:SKO), a leader in online travel booking and expense management for business, today announced that it has entered into a non-binding Memorandum of Understanding (MOU) with ATPI Group.
It is intended that the terms of a binding strategic partnership agreement will be finalised over the coming months. The MOU outlines a process that will be followed by Serko and ATPI to work toward agreeing the terms of a binding agreement whereby ATPI will be licensed to deploy Serko’s Zeno technology globally, including in the USA, Europe, UK and Asia. Serko has recently released Zeno into the Australian market, however, Zeno is designed as a global platform.
While significant to Serko’s strategy should a binding agreement be entered into, Serko does not anticipate a material uplift in revenue in either FY18 or FY19.
Serko’s progress on this contract and any insights into revenue in future trading periods will be made at the appropriate time.
Investor Relations enquiries
Susan Putt Phone: +64 21 388 009
About Serko:
Serko is the leading online travel booking and expense management solution provider in Australasia, that is growing globally and is listed on the New Zealand Stock Exchange Main Board (SKO.NZ). Serko employs more than 100 people worldwide, with its HQ in Auckland New Zealand, and offices in Australia, China, India, and the U.S.
Serko Online, sold by most Travel Management Companies in Australasia, has been helping corporate organisations save on travel programmes since 2007. Serko Expense, which integrates with Serko Online or as a stand-alone Expense Management System (EMS) is optimised for corporate card programmes and integrates with all major enterprise systems.
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected]
Serko’s small and medium business solution, serko.travel, targets companies in Australia and New Zealand with less than 150 employees. It allows smaller organisations to self-setup and make or change bookings online.
Zeno is newest Serko’s global Travel and Expense solution for business that uses intelligent technology and a global ecosystem customised to each business’ advantage, to transform business travel challenges into positive new experiences across the entire journey.
Visit www.serko.com and www.serko.travel for more information.
Follow Serko:
On Linkedin: http://www.linkedin.com/company/serko-ltd On Twitter: https://twitter.com/SerkoOnline
About ATPI Group:
ATPI Group has a network of over 100 offices worldwide and is a global leader in travel management for corporate, shipping and energy businesses, sports and corporate event management and online travel technology.
For more information please visit www.atpi.com
Serko Limited, Saatchi Building, Unit 14D 125 The Strand, Parnell, Auckland, New Zealand PO Box 47-638, Ponsonby, T: +64 9 309 4754, F: +64 9 377 0545, [email protected]