TechTrade Asia
Latize announces Australia expansion
2 March
By Joy Tang
Singapore big data company Latize, has opened a new office in Perth and engaged former international management consultant Steve Hussey as its Chief Strategy Officer.
This strengthening and expansion come at a time where the appetite for analytics in Australia is growing. Key drivers of growth include modern tools that support greater accessibility, agility and analytical insight at the enterprise level.
Vikram Mengi, co-founder and CEO of Latize said, “(Hussey) brings with him almost three decades of management consulting experience across a range of technology-based industries in various locations such as Australia, Silicon Valley, China, and Europe. Having helped many companies, both large and small, successfully execute their growth strategies, we’re excited to tap into his knowledge and work with him to help grow Latize in Singapore and abroad.”
Latize recently closed its first customer in Australia, the New South Wales government’s Division of Resources and Energy of the Department of Industry (DRE). This deal marks Latize’s foray into the Australian market as the company targets customers from sectors like finance, banking and education.
Added Biju K, co-founder and COO of Latize, “Research shows that 61% of Australian companies use data to a certain extent in their decision-making process*. There is immense potential for Latize to grow in Australia as more companies begin to see value in making data driven decisions, and we are excited to be at the heart of this.”
“I’m thrilled to have joined Latize, an exciting player with a unique offering in the data and analytics space,” said Hussey, who will be responsible for Latize’s growth strategy development and execution. “I’m looking forward to working closely with Vikram and the Latize team, and lending my insights to help with their expansion plans.”
Latize has customers in the mining and the financial industries, and is backed by Singapore-based investment firms including ACP, SPRING Seeds Capital and Tembusu ICT 1 Fund. It is looking to raise S$5 to S$7 million in its next funding round to aid its expansion into the US and within Australia.
