Adelaide e-commerce development company Camtech is stretching its wings, revealing this week its plans to open an office in Silicon Valley on November 1.
Camtech's chief executive officer, Bruce Linn, said the new office will market Camtech's electronic payments gateway for conducting Internet credit card payments. Linn said it was aiming to find a number of partners in the US.
Camtech's new office in the US is its first foray into a mature international market, although it does already have an office in Malaysia. Linn said that because of the size of the US market, Camtech is expecting to double its size in the next 18 months. Linn said this growth will mostly be generated through the efforts of its channel partners.
Camtech is owned by the University of Adelaide. Linn said the company's longer term target is the Asia-Pacific region, adding that the market was relatively immature there at this point in time. "Over the next two or three years it will mature rapidly and we'll be positioned to take advantage of that."