Deskera Continues Impressive Growth, Expands Footprint in Bangladesh
Majority of the Growth Comes From Mid and Small-sized Businesses as Deskera Reaches out to Global Markets
Deskera, a global-provider of cloud-based software solutions for small and mid-sized businesses, is expanding its presence in Bangladesh to bring the country’s enterprises the best business software to run their operations. Having seen impressive growth globally, with 400% percent increase in revenue year over year, Deskera is committed to greater investment in the Bangladesh market.
“Our increased investment in Bangladesh is integral to our long-term growth in the region and the rest of the world,” explained Deskera CEO Shashank Dixit. “Demand for a complete software solution such as ours is high. Our mission has always been to provide world-class technology to mid-sized companies so they can succeed by running more efficiently and keeping their customers happy at an affordable price.”
As part of the initiative, Deskera has partnered with Sheba Technologies Limited, a sister concern within Sheba Group, Bangladesh, to change the way enterprises do business in the country and thus help them enhance their productivity and growth.
“Bangladesh could be one of the fastest growing economies in the coming years. According to a recent report, the country may emerge as the world’s 28th most powerful economy by 2030,” said Hemanth Dattatreya, Global Head, Channels and Alliances, Deskera. “With local partners like Sheba Technologies Ltd., who have been contributing handsomely to the government’s efforts for a Digital Bangladesh, we are determined to help transform local enterprises into global-scale businesses through our software.”
Deskera has always been at the forefront of helping SMEs improve their businesses, and this improvement will have a particularly positive impact on Bangladesh, as SMEs are the backbone of the country’s economy. According to the International Monetary Fund (IMF) Country Report (2012), SMEs in Bangladesh account for more than 99% of private sector industrial establishments and create job opportunities for 70-80% of the non-agricultural labor force.
“We are looking forward to this partnership. We have always admired the way Deskera has been working to provide world-class technology to mid-sized companies so they can grow by running more efficiently. We at Sheba Technologies Ltd. have been pushing Bangladesh towards digital adoption. Together we can leverage our combined strength to help these enterprises compete globally,” said Reaz U. Ahmed, COO, Sheba Technologies Ltd.
With digitalization, Bangladesh‘s GDP will continue to grow. It is hovering around the 7 per cent mark. Moreover, Bangladesh has a fast growing working-age population, which will easily adapt to new technology.
For the past eight years, Deskera has been providing cloud-based business software like ERP, CRM, HRMS to companies around the world. Today, more than 3,000 businesses, with approximately 80,000 users, manage their companies with Deskera ERP.
In the last year alone, Deskera has been honored with industry awards like the 2016 Vanguard award for innovation and earning a name among the top players in the tech industry at Asia Enterprise BRAND Awards. Deskera was also selected as one of the year’s Red Herring 100 Asia Winners and was featured in the Top 20 Finance Technology Solution Providers by CIO Advisor.