Red Apricot completes successful 2020 despite difficult business conditions

 KUALA LUMPUR, Jan 29 -- Singapore-based tech innovators Red Apricot, developers of the JustPerform solution for fast, smart SAP solution adoptions, has completed a successful 2020 despite difficult business conditions.

The young organisation has announced a significant return on investment for the calendar year, and is well-placed to achieve its planned growth objectives for 2021.

This comes despite the challenges associated with the global pandemic, which has, in a sense, inspired the company to innovate faster.

“As a young company with ambitious plans, we invested a lot of time, effort and capital in setting up our growth trajectory in 2020, and then of course had to contend with unprecedented business conditions that hit our plans unexpectedly,” said Red Apricot Chief Growth Officer, Shameek Bhushan.

“Fortunately, our faith in our JustPerform solution, and the goodwill we seem to be generating among our existing customers has seen this effort and outlay rewarded in spite of everything, and we now move into 2021 with all the pieces in place and are expecting to grow significantly.”

In 2020, Red Apricot had five solutions accepted into the SAP App Center (SAP Store), formalised several reseller partnerships and signed significant deals with enterprise customers in Singapore as well as expanding into new territories including the Middle East.

According to a statement, the company has witnessed over 400 per cent growth in the number of users on the platform last year.

JustPerform simplifies collaborative business process definition, enables visual process modelling and automates process deployment using advanced Artificial Intelligence and Machine Learning algorithms.

The company is proud to have maintained stability and even continued growing in 2020, despite making major investments early in the year, and countering unprecedented business conditions.

-- BERNAMA