Cuscapi

It is in advanced talks to acquire a China based technology solutions provider which will see the group double its revenue contribution from the country to 50% of total revenue by end 2015 from 20% to 25% in 2013.

It is looking at providing its F&B customers with a complete management the area that it is looking at to complete its offerings to its F&B customers.

It is provider of software solutions and tablets specializing in ordering systems for the F&B industry. It had secured a five year contract worth rm21 million from MAHB which is expected to contribute 10% to the group’s revenue for the financial year 2014 ending Dec 31.

Cuspaci swung to a net loss of rm3.62 million in FY2014 from a net profit of rm6.78 million the previous year, as revenue declined 18% to rm48.26 million.

The company also increased its headcount in anticipation of more jobs and to provide technical support for the take off of its new REV tablet product.

Cuspaci hopes more fast food operators who start using the REV tablet.

China offering the strongest growth prospects for REV rollout. The group has secured a fast food operator in China to start REV trials for the quick service business in April 2014. Once the pilot trials are completed, it will move into full scale accelerated deployment. The expanding to shopping malls is a potential business model that Cuspaci is looking at.

Its restaurant management system and POS business contributed 80% to 85% to the group’s revenue in FY2013, with the rest from its call centre business.

Expects its REV tablet business to overtake its POS business and contribute about half of its revenue by end of 2015.