Serko's recent $67m capital raise gives the travel software company breathing space, and positions it for growth once the market normalises, chairwoman Claudia Batten says. Serko also guided that revenue would return to between 40 to 70 per cent of last year's rate by March next year. The outbreak made it more necessary to have a platform like Serko to manage corporate travel, Grafton said. Serko had been hit hard, its mainly US-based competitors had been hit harder. That, combined with its $67m raise, meant Serko could look at acquisitions, Grafton said.

Source: New Zealand Herald November 17, 2020 20:59 UTC