Jakarta. Local information technology solutions provider Anabatic Technologies is set to expand its business in East Asia, including in Japan, through a partnership with Japanese IT solutions provider TIS, a unit of IT Holdings Corporation.

“With the partnership, we hope to enter a market outside of developing countries or what we can call, the upper market,” Handojo Sutjipto, president director of Anabatic Technologies, said after its trading debut in Jakarta on Wednesday.

Anabatic Technologies raised Rp 262.5 billion ($19 million) from selling 375 million shares, equivalent to 20 percent of its equity, at Rp 700 each in its initial public offering last month. The shares are now listed on the local stock exchange under ATIC.

TIS bought more than 50 percent of Anabatic Technologies’s shares – or at least 187.5 million shares – in the IPO, and now owns about 10 percent of the IT company, according to Bahana Securities president director Andi Sidharta.

Tokyo-based TIS provides IT solutions such as cloud computing and data centers, partnering with more than 3,000 companies in a range of sectors, from finance to public utility and communication.

Anabatic Technologies has been working to ramp up its presence overseas, hoping to increase revenue from its international branches to reach 20 percent in the next five to six years from the current 5 percent, according to Adriansyah Adnan, senior director at Anabatic Technologies.

Outside of Indonesia, the company currently has offices in the Philippines, Singapore and India.

The company is planning to spend up to Rp 200 billion this year to acquire two companies and develop its research and development division, according to Adriansyah.

 “We’re currently reviewing some companies, both local and overseas. Hopefully, we’ll start the due diligence process soon, so that we can close one or two deals by September,” he said.

One of these companies, Adriansyah said, includes a Malaysian company that operates in the IT industry. However, he declined to disclose the possible value of the deal, noting the process is still on-going.

Anabatic Technologies recently secured a deal to provide mobility solutions to a Dubai-based bank in a foray into the Persian Gulf region, according to the director

“For the first time, we’re doing business in the Middle East,” Adriansyah said, declining to disclose the value. “This bank is a part of an international chain so if it all goes well, this can be a good reference for us to attract other countries.”

GlobeAsia