The success of Perth technology company Track’em has attracted plenty of interest from investors, but founder Kashif Saleem says he hasn’t ruled out taking the business public.
The success of Perth technology company Track'em has attracted plenty of interest from investors, but founder Kashif Saleem says he hasn’t ruled out taking the business public.
“We are not desperate for money, but if a good offer comes in we’ll seriously consider it,” Mr Saleem told Business News.
“We are getting a lot of interest at the moment … there are a lot of deals on the table but nothing has been finalised yet.”
After working three jobs to finance his university study and establish his own business, the man behind software provider Saleem Technologies is assessing his next step, particularly with regard to the right funding stream.
His core business is Track'em, a patented software system used to track materials via barcode or radio-frequency ID tags.
Mr Saleem has also mooted a possible listing on the ASX, which would align with a trend in Western Australia where many local technology companies are progressing backdoor listings.
He said going public was still a very real possibility, despite being urged not to take that route by one of WA’s most successful technology entrepreneurs, Michael Malone.
“In the end I’m the one who’s going to make the decision … it’s a very possible option that we will list, but again there are a lot of companies approaching us,” Mr Saleem said.
“Our vision is to be the number one tracking provider in Australia in 2016.”
Mr Saleem, who won a 40under40 award this year, said any investment would be used to pursue growth both domestically and internationally.
Mr Saleem said he believed he could expand into the US and the Middle East because without any marketing, as he had received several requests for Track’em.
The company has gained numerous accolades this year alone, including being included in BRW’s list of 100 fastest growing companies and most recently being awarded for ‘best use of technology’ in the national My Business Awards.
Saleem Technologies is the result of Mr Saleem’s driven personality, which saw him working up to 90 hour weeks as a cleaner and kitchen hand while studying at Edith Cowan University.
“I believe in giving my 100 per cent; I don’t believe in working hard, I just believe that when you love something, when you have a passion for something you’ll do it and you won’t feel overwhelmed,” he said.
