- Indonesian startup Happy5 acquires SugarOKR
- US expansion planned
- Funding talks underway for global growth
Singapore’s SugarOKR Joins the Family
Happy5, an Indonesian enterprise performance management software startup, has made a bold move by acquiring Singapore-based SugarOKR.
This strategic purchase aims to catapult Happy5 into new international markets, particularly the United States.
A Match Made in Tech Heaven
The acquisition combines Happy5’s comprehensive employee performance management solutions SugarOKR’s expertise in objectives and key results (OKR) tracking.
This powerful combination promises to offer businesses a one-stop-shop for aligning workforce goals driving organizational success.
Ambitious Plans on the Horizon
Happy5 isn’t stopping at acquisition. The company has set aggressive targets, including closing 20 US customers by Q2 2025 and raising $3-5 million in funding. Timothy Kua, SugarOKR’s founder, will spearhead the expansion efforts, bringing valuable experience in scaling global businesses.
