OMAK Technologies gears up for aggressive ASEAN push

OMAK Technologies, a regional leader in restaurant management solutions, is gearing up for an aggressive push into ASEAN markets, having secured Rs. 85 million in investments.

This new round of investment was led by BOV Capital, a Sri Lanka- and Singapore-based venture capital firm that invests in Sri Lankan technology-oriented ventures looking to grow regionally or globally, the company said in a media release.

With its start in Sri Lanka in 2012, OMAK Technologies is a fast-growing restaurant management solutions provider operating a SaaS (Software as a Service) model. Its flagship offering, OMAK POS 360, is a fully integrated suite of solutions that covers all aspects of a restaurant's operations, from increasing revenues, to minimizing costs and identifying unnecessary wastage. To date, OMAK Technologies solutions are currently deployed at a number of F&B outlets in Sri Lanka, Indonesia, the Maldives and Australia.

OMAK Technologies CEO Ehantha Sirisena said, "Having secured significant funding, OMAK is all set to aggressively grow its footprint across South East Asia. We are particularly excited that a well- known regional player like Singaporeand Sri Lanka-based BOV Capital believes in us so strongly that they have singled us out for both investment and advice, aiding us in many ways in our regional and global expansion plans."

Also importantly, BOV Capital's commitment to the evolution of OMAK Technologies fulfills the venture capital firm's mission to invest in Sri Lankan ventures focusing on technology-oriented exports. In fact, BOV Capital's stated purpose has always been to empower trailblazers who inspire, with the core idea being to invest in extraordinary entrepreneurs and unique technologies geared to re-define the next era of innovation, growing them internationally, the release added.