About AFON
AFON is a company based in Singapore (Singapore) founded in 1999 by Bernard Ho was acquired by EOH in September 2017.. AFON has completed 1 acquisition, including Orsus Medical. AFON offers products and services including Oracle NetSuite, Microsoft Business Central, SAP Business One, Sage 300, and Jet Reports. AFON operates in a competitive market with competitors including The Hackett Group, Shanghai Hande Information Technology, Forterro, Enprise and SynProSoft, among others.
- Headquarter Singapore, Singapore
- Founders Bernard Ho
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Afon It Pte. Ltd.
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Annual Revenue
$2.5 M (USD)73as on Dec 31, 2023
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Net Profit
$93.52 K (USD)-35as on Dec 31, 2023
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EBITDA
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Latest Funding Round
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
EOH
(Sep 14, 2017)
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Products & Services of AFON
AFON offers a comprehensive portfolio of products and services, including Oracle NetSuite, Microsoft Business Central, SAP Business One, Sage 300, and Jet Reports. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enterprise resource planning system for business management.
ERP solution for financial and operational processes.
Software for small and medium enterprise management.
ERP tool for accounting and business operations.
Analytics tool for business data reporting.
Funding Insights of AFON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AFON
AFON has secured backing from 1 investor. Prominent investors backing the company include EOH. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Organiser of IT events
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AFON
AFON has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Orsus Medical. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Glucose monitoring devices are developed for diabetic self-check-ups.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - AFON
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Afon Comparisons
Competitors of AFON
AFON operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as The Hackett Group, Shanghai Hande Information Technology, Forterro, Enprise and SynProSoft, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
ERP consulting and advisory services are delivered to global clients.
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| domain | founded_year | HQ Location |
ERP consulting and implementation services are provided for multiple sectors.
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| domain | founded_year | HQ Location |
Provider of specialized software solutions for industrial businesses
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| domain | founded_year | HQ Location |
ERP implementation services for MYOB software are provided.
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| domain | founded_year | HQ Location |
A suite of IT services solutions is provided by SynProSoft.
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| domain | founded_year | HQ Location |
Next-generation enterprise software is innovated and incubated for business processes.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about AFON
When was AFON founded?
AFON was founded in 1999.
Where is AFON located?
AFON is headquartered in Singapore, Singapore.
What is the annual revenue of AFON?
Annual revenue of AFON is $2.5M as on Dec 31, 2023.
What does AFON do?
AFON was founded in 1999 in Singapore, where ERP solutions for SMEs are delivered. Brands such as SAP, Microsoft, Oracle NetSuite, and Sage ERP are supported, alongside services including cloud computing, business intelligence, infrastructure management, IT outsourcing, and mobile ERP implementations. Operations serve clients like Old Chang Kee, Hubers, The Biomedia Group, Nichiyu Asia, and Tat Chuan Acoustic within the technology sector.
Who are the top competitors of AFON?
AFON's top competitors include The Hackett Group, Shanghai Hande Information Technology and TechNVision Ventures.
What products or services does AFON offer?
AFON offers Oracle NetSuite, Microsoft Business Central, SAP Business One, Sage 300, and Jet Reports.
How many acquisitions has AFON made?
AFON has made 1 acquisition, including Orsus Medical.
Who are AFON's investors?
AFON has 1 investor. Key investors include EOH.