Excelpoint seeks growth in R&D acquisitions
Tech group starts entrepreneurial and investment arm PlanetSpark to invest in early to mid-stage startups with good R&D.
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WITH more than 31 years of experience in the electronics space, mainboard-listed tech firm Excelpoint Technology has reached a new stage in its growth.
The group, which provides "value-added" electronic components with integrated research and development (R&D) capabilities, is setting its sights on mergers and acquisitions - technology firms, in particular - as part of its strategy to propel itself into the future.
To this effect, the group started its entrepreneurial and investment arm PlanetSpark this year, with an initial commitment of S$5 million to invest in early to mid-stage startups in Singapore and Asia that are related to the Internet of Things (IoT) ecosystem.
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