Asiasoft Corporation
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Asiasoft Corporation - overview
Established
2001
Location
Bangkok, -, Thailand
Primary Industry
Travel & Leisure
About
Asiasoft Corporation specializes in digital entertainment solutions, offering online gaming and interactive platforms that captivate diverse gaming audiences across Southeast Asia, focusing on user engagement and community interaction. Founded in 2001 in Bangkok, Thailand, Asiasoft Corporation operates primarily in the online gaming sector, providing a range of digital entertainment products. In May 2008, Lombard Investments acquired Asiasoft for USD 11. 7 mn, marking a significant change in the company's ownership.
The company has engaged in one notable deal as it continues to focus on expanding its market presence. The current CEOs are Kevin Ho and Khôi Truong. Asiasoft provides a suite of digital entertainment solutions, focusing on online gaming and interactive entertainment. Its core offerings include various multiplayer online games, mobile games, and digital distribution services that enhance user engagement through community features.
The company caters to a diverse gaming audience, particularly in high-demand regions like Southeast Asia, promoting both casual and competitive gaming experiences. In the most recent financial year, 2022, Asiasoft reported a revenue of USD 45. 07 mn and an EBITDA of USD 11. 84 mn.
The company generates revenue through subscription models, in-game purchases, and partnerships with digital content distributors, leveraging a free-to-play model complemented by microtransactions, ensuring a steady revenue stream through diverse customer engagement strategies. Asiasoft plans to introduce new products and features designed to enhance user experience, with specific launch dates yet to be announced. The company is targeting expansion into new markets, particularly within Southeast Asia, by the end of 2023. The recent funding round of USD 11.
7 mn will support these initiatives through investment in product development and market outreach efforts.
Current Investors
Lombard
Primary Industry
Travel & Leisure
Sub Industries
Recreational & Entertainment Facilities
Website
www.asiasoft.co.th
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Asiasoft Corporation - timeline of key events
Asiasoft Corporation - financials
| Fiscal Year Ended | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 1,971,941,769 | 1,685,486,229 | 1,232,819,353 | 860,495,691 | 861,280,194 | 835,571,299 | 601,130,550 | 762,437,695 | - | - | - |
| % Revenue Growth (YoY) | - | (14.5%) | (26.9%) | (30.2%) | 0.1% | (3.0%) | (28.1%) | 26.8% | - | - | - |
| EBITDA (USD) | 536,815,284 | 250,350,322 | (310,159,422) | (362,290,773) | 145,911 | 90,019,917 | 70,464,285 | 48,270,446 | - | - | - |
| Operating Income (USD) | 377,170,971 | 67,575,053 | (481,519,265) | (527,616,219) | (149,590,362) | 18,794,530 | 16,818,787 | 3,415,933 | - | - | - |
| Operating Margin | 19.1% | 4.0% | (39.1%) | (61.3%) | (17.4%) | 2.2% | 2.8% | 0.4% | - | - | - |
| % EBITDA Margin | 27.2% | 14.9% | (25.2%) | (42.1%) | 0.0% | 10.8% | 11.7% | 6.3% | - | - | - |
| NET Income (USD) | 309,685,170 | 46,579,217 | (459,361,143) | (513,067,704) | (206,322,643) | 17,360,822 | 16,856,210 | 2,641,427 | - | - | - |
| % Net Margin | 15.7% | 2.8% | (37.3%) | (59.6%) | (24.0%) | 2.1% | 2.8% | 0.3% | - | - | - |
Asiasoft Corporation - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Asiasoft Corporation | - |
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Asiasoft Corporation - employee data
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