(Adds CTOS comment)
KUALA LUMPUR, May 11 (Reuters) - Malaysian credit reporting agency CTOS Digital Bhd is looking to raise as much as 1.2 billion ringgit ($291.72 million) in an initial public offering (IPO) aimed for the third quarter this year, two sources familiar with the deal said.
The listing, which could value CTOS at 2.4 billion ringgit, could come as soon as July end, said the sources, who sought anonymity as the process was private.
“There’s been great interest from foreign and local institutions, and commitment expressed early on,” one of the sources said on Monday.
Both pointed to robust appetite for the offering, even at the early stages of structuring the deal.
USD 58.04 billion in 2021 to
USD 128.97 billion in 2028. The rising integration of artificial intelligence (AI) with CRM systems to enhance customer experience is anticipated to affect growth positively. Salesforce’s Einstein, for instance, provides voice command technology powered by AI to collect detailed information from customers. As per a report by
Fortune Business Insights™, titled, “
USD 52.64 billion in 2020. It is set to exhibit a CAGR of
12.1% during the forecast period.
COVID-19 Pandemic: Adoption of Work from Home Policy is Generating High Demand
Numerous organizations worldwide have implemented work from home policies to prevent transmission of the coronavirus. The pandemic has also resulted in the closure of manufacturing facilities, travel bans, and supply chain disruptions. To provide a seamless collaboration between customers and employees, customer relationship management solutions are required as they deliver real-time communication. Therefore, comp
Research and Markets: Europe Workforce Management Software Market Report 2021-2025: Growing Need to Optimize and Organize the Use of the Workforce and Regulatory Compliance - ResearchAndMarkets.com
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The workforce management software market in Europe is poised to grow by $410.30 million during 2021-2025, progressing at a CAGR of almost 8%
The market is driven by the need to optimize and organize the use of the workforce and regulatory compliance.
The report on the workforce management software market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
USD 13.21 billion by 2028, exhibiting a CAGR of 9.4% during the forecast period. The market is driven by the rising popularity of mobile technologies worldwide, states Fortune Business Insights™ in a report titled, “Talent Management Software Market, 2021-2028,” the market value was USD 6.45 billion in 2020.
COVID-19 Impact
Company Layoffs to Reduce Product Demand amid Coronavirus Pandemic
Many companies were badly hit by the pandemic crisis, which resulted in layoffs and stop on hiring processes. This factor has severely impacted the adoption of talent management solutions during the COVID-19 pandemic. The HR departments have faced challenges related to maintaining optimum business operations and managing the health of the workforce. There were several difficulties concerning new guidelines to support employees to work from home, and enforce legal changes regarding payroll and sick pay. However, the adoption of digital technologies has significantly increased the need for t