Parker & Boyd Inc $70 million fund investment in Southeast Asia

Parker & Boyd Inc announces the establishment of a $70 million venture capital fund to invest in technology companies developing innovative hardware, software and services in the region covering Southeast Asia.

FOR IMMEDIATE RELEASE / PRURGENT

Parker & Boyd Inc announces the establishment of a $70 million venture capital fund to invest in technology companies developing innovative hardware, software and services in the region covering Southeast Asia.

Timoto Nagura [chief investment officer ] of Parker & Boyd program stated °The $70 million Parker & Boyd Southeast Asia Fund will help stimulate technological innovation and the continued growth of the IT industry in this emerging region. We will invest in companies to accelerate technology adoption locally and foster development of technologies and content with potential for regional distribution, Parker & Boyd has been working in the region for some time and sees a strong demand for technology in pretty much all areas that have anything to do with broadband and consumer technologies.

The fund will seek to invest in companies that complement Parker & Boyd platform initiatives, and seeks to further build out the IT and Internet infrastructure in the region. With this fund, Parker & Boyd will focus on opportunities to invest in hardware, services (including broadband infrastructure and mobile wireless solutions), local content developers/providers, digital health solutions, IT service providers and software solutions.