Singapore: Fatfish-backed IT firm Cloudaron to acquire SaaS provider Ubertor for $3.2m

By Mars W. Mosqueda Jr.

February 22, 2018

Fatfish Internet Group-backed Cloudaron, a Singapore-based IT solutions company listed in Malaysia, is acquiring Realtors8 Pte Ltd, a subsidiary of ASX-listed 8common Limited that owns and operates Saas provider Ubertor, for S$4.23 million ($3.2 million).

In a statement, Cloudaron said Ubertor allows real estate agencies and agents to create personalised and user-friendly digital stores to list their properties for rental and sales. Ubertor recently launched its new platform in Canada and a new offering for the US market in collaboration with Cloudaron.

The transaction is expected to be completed by the second quarter of 2018. Upon completion of the transaction, Realtors8 will be a wholly-owned subsidiary of Cloudaron Group Berhad.

“Ubertor is well established in the Canadian market, and gives us access and reach to the North American market. The Ubertor platform also deepens our product bench to be able to deliver digital solutions to the Property industry and other industries including those in the Fintech space,” said Cloudaron Group Bhd Managing Director CJ Ong.

Cloudaron made its debut on Bursa Malaysia’s new Leading Entrepreneur Accelerator Platform (LEAP) Market last year. It provides software, systems integration and services, and serves over 150 companies throughout the region with more than one million end-users. It generates 81 per cent of its revenue from users in Singapore.

Also Read:

Fatfish-backed Singapore IT solutions company Cloudaron lists in Malaysia

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Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.
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