NEWS

Zeno accelerates with US$10m for new market growth

7 August 2018
Zeno is brought to you by Serko, a publicly listed company that has completed a US$10 million capital raise to further accelerate growth.

Following strong investor demand, Serko has successfully completed a US$10m placement underwritten by Deutsche Craigs, giving Serko greater flexibility to both accelerate organic growth opportunities and execute potential acquisitions, including:

- Undertaking investments to drive revenue growth such as establishing sales and support functions in new international markets;

- Accelerating product development and integration of local content and functionality in international markets which are required in order to appeal to a wider range of Travel Management Companies (TMCs) and corporate users; and

- Providing funding capacity for potential acquisitions that deliver additional customers, development capability and in-market infrastructure, facilitating and enhancing the pace of Serko’s expansion into new geographies.

“The Placement provides Serko with greater flexibility to both accelerate organic growth opportunities and execute potential acquisitions." - Darrin Grafton, Serko CEO

View the announcement on the Serko Investor Centre

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