SESAMi (Singapore) Pte Ltd was formed in January 2001 with the merger of Asia2B.com Limited - Asia's premier E-Marketplace enabler and innovator in collaborative commerce management (CCM) solutions, and SESAMi.com Pte Ltd - Asia's predominant commerce service provider (CSP) and largest E-Hub. Both companies brought to the new entity a strong shareholder base, established strength in B2B e-commerce, an entrepreneurial culture, as well as a rich heritage.
Here are the highlights of SESAMi's history:
Launch of CAG E-Procurement Portal for Buyers and Suppliers
Microsoft Holding Pte Ltd is now a shareholder in SESAMi (S) Pte Ltd and Abecha is now a wholly owned subsidiary of SESAMi (S) Pte Ltd
Launch of e2power (a subsidiary of OCBC) E-Procurement Portal for Buyers and Suppliers.
SESAMi celebrates its 10th anniversary!
Launch of SmartBuyer Portal, with our strategic partner ST Electronics.
Launch of Buy Singapore Chinese website to cater to the large Chinese-speaking base of companies both locally and internationally.
Launch of Buy Singapore initiated by IE, powered by Abecha Pte Ltd.
Launch of SBF Global Sourcing Hub supported by Spring, powered by Abecha Pte Ltd.
Launch of Business@lert 2004 and MOU signing with Tenderlink.com of New Zealand graced by Mr. Lim Hng Kiang, Minister of Trade & Industry at Global Entrepolis Singapore '04
SESAMi acquires Abecha Pte. Ltd. from JTC
Successful management buy-out by DMP Holdings
SESAMi forms the Global Interoperability Group with six international partners. This network of horizontal marketplaces will move e-commerce transactions seamlessly around the world.
SESAMi enters the Korean market
Interoperability established between SESAMi and Cable & Wireless Optus across the Global Trading Web
SESAMi.com and Asia2B.com merged to form SESAMi Inc, marking the largest B2B transaction in Asia's history
Asia2B.com nominated as one of the most popular B2B websites by a Far Eastern Economic Review report on Asian enterprises
SESAMi.com's e-commerce solution for Eastman Chemical awarded an "Intelligent 20 Award" by Intelligent Enterprise Asia
SESAMi.com's total transaction volume passed the S$3 billion mark, just after one year into its operation
Asia2B.com announced the opening of its Beijing office and additional deals with shareholders and major partners
Asia2B.com launched its marketsite and announced major deals with shareholders and large corporations
Asia2B.com set up the first pharmaceutical vertical in China with Pharm2B
SESAMi.com opened its Hong Kong office
Asia2B.com officially founded in Hong Kong
SESAMi.com launched ChemX, Asia's first vertical for the chemical industry
Asia2B.com announced its joint venture in Beijing, China
SESAMi.com established in Singapore
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There is no doubt that eCommerce will continue to grow as a tool for increasing business efficiency. As more and more companies in Asia embrace the benefits of conducting business on the Internet, SESAMi is perfectly poised to be the preferred CSP in the market. Our transaction volume represents a substantial percentage of the B2B eCommerce transactions in Asia today, and we will continue to be Asia's leading CSP of collaborative commerce management services and eHub.
We are committed to solidifying that position, fortifying it with more services and creating new benefits for buyers and sellers. Because the eCommerce world is still in a nascent stage, it is impossible to predict how this market will develop, but we shall remain at the forefront of this development, always leading our customers to the services they seek.
Here are some of the signposts to watch for in the future:
- More physical presence as we establish offices in all the major markets in Asia to better serve our growing customer base
- More local language interfaces to make SESAMi easily accessible for businesses throughout Asia
- More vertical marketplaces as we answer demands for more industry-specific solutions
- Alliances with other eHubs to give our customers reach beyond Asia and to help international companies tap into the Asian market
- Increasing transaction volumes
Our immediate focus is to keep our leadership position in Asia's eCommerce market. Our vision for tomorrow is to be Asia's Leading Electronics Transaction Hub.
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