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The company is targeting $200mn ARR in the next three years
SINGAPORE, Sept. 24, 2024 /PRNewswire/ -- Netcore Cloud, a global leader in MarTech and customer engagement solutions, has announced the appointment of Siddharth Gopalkrishnan as its Chief Operating Officer (COO). This strategic addition underscores Netcore Cloud's ambition to double its revenue in the next three years and expand its global footprint.
Siddharth brings over 16 years of experience from McKinsey & Co., where he led transformative digital initiatives across multiple sectors including ecommerce, automotive, financial services, healthcare, and consumer goods. His deep understanding of both B2B and B2C business models, combined with his hands-on experience in creating and scaling digital-first businesses, uniquely positions him to lead Netcore Cloud's next phase of innovation toward achieving $200M ARR.
Speaking on the appointment, Rajesh Jain, Founder of Netcore Cloud and a pioneer in Asia's dotcom revolution, said, "With our sights set on scaling to $200M ARR, Siddharth's leadership will be instrumental in refining our global strategy and enhancing our brand's value proposition. His dual expertise in consulting and business building is exactly what we need to navigate the next chapter of growth."
Saket Kumar Jha, CRO - Emerging Markets, Netcore Cloud, "Siddharth's extensive experience in scaling businesses and delivering impact across industries brings tremendous value to Netcore Cloud. His ability to marry strategic insights with operational excellence will be key in unlocking new opportunities, especially in high-growth emerging markets. We look forward to working with Siddharth as we target rapid expansion and enhance our product offerings for clients across these regions."
Speaking on his new role, Siddharth Gopalkrishnan said, "Having seen this space from a user's perspective for many years, I see immense untapped potential for brands to leverage platforms like Netcore Cloud. I look forward to working closely with the very talented leadership team at Netcore, to build on the current platform and push the boundaries of what's possible in the realm of customer experience."
In his new role, Siddharth will focus on building next-generation propositions around customer engagement, retention, and personalization while refining the company's go-to-market strategies. He will also work to enhance operational efficiency and foster strategic partnerships to further expand Netcore Cloud's presence in global markets.
About Netcore Cloud
Netcore Cloud, a global leader in marketing technology, empowers marketers with its comprehensive Customer Engagement and Experience Suite to create personalized, omnichannel experiences. Leveraging AI to integrate customer data, Netcore enables targeted segments and meaningful digital interactions. Trusted by over 6,500 brands across sectors like Ecommerce, Retail, Banking and Financial Services, Media and Entertainment, and Travel, its marquee clients include Walmart, Unilever, Tommy Hilfiger, Domino's, McDonald's, Pizza Hut, and Crocs.
The company is targeting $200mn ARR in the next three years
SINGAPORE, Sept. 24, 2024 /PRNewswire/ -- Netcore Cloud, a global leader in MarTech and customer engagement solutions, has announced the appointment of Siddharth Gopalkrishnan as its Chief Operating Officer (COO). This strategic addition underscores Netcore Cloud's ambition to double its revenue in the next three years and expand its global footprint.
Siddharth brings over 16 years of experience from McKinsey & Co., where he led transformative digital initiatives across multiple sectors including ecommerce, automotive, financial services, healthcare, and consumer goods. His deep understanding of both B2B and B2C business models, combined with his hands-on experience in creating and scaling digital-first businesses, uniquely positions him to lead Netcore Cloud's next phase of innovation toward achieving $200M ARR.
Speaking on the appointment, Rajesh Jain, Founder of Netcore Cloud and a pioneer in Asia's dotcom revolution, said, "With our sights set on scaling to $200M ARR, Siddharth's leadership will be instrumental in refining our global strategy and enhancing our brand's value proposition. His dual expertise in consulting and business building is exactly what we need to navigate the next chapter of growth."
Saket Kumar Jha, CRO - Emerging Markets, Netcore Cloud, "Siddharth's extensive experience in scaling businesses and delivering impact across industries brings tremendous value to Netcore Cloud. His ability to marry strategic insights with operational excellence will be key in unlocking new opportunities, especially in high-growth emerging markets. We look forward to working with Siddharth as we target rapid expansion and enhance our product offerings for clients across these regions."
Speaking on his new role, Siddharth Gopalkrishnan said, "Having seen this space from a user's perspective for many years, I see immense untapped potential for brands to leverage platforms like Netcore Cloud. I look forward to working closely with the very talented leadership team at Netcore, to build on the current platform and push the boundaries of what's possible in the realm of customer experience."
In his new role, Siddharth will focus on building next-generation propositions around customer engagement, retention, and personalization while refining the company's go-to-market strategies. He will also work to enhance operational efficiency and foster strategic partnerships to further expand Netcore Cloud's presence in global markets.
About Netcore Cloud
Netcore Cloud, a global leader in marketing technology, empowers marketers with its comprehensive Customer Engagement and Experience Suite to create personalized, omnichannel experiences. Leveraging AI to integrate customer data, Netcore enables targeted segments and meaningful digital interactions. Trusted by over 6,500 brands across sectors like Ecommerce, Retail, Banking and Financial Services, Media and Entertainment, and Travel, its marquee clients include Walmart, Unilever, Tommy Hilfiger, Domino's, McDonald's, Pizza Hut, and Crocs.
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Netcore Cloud appoints former McKinsey Partner, Siddharth Gopalkrishnan as Chief Operating Officer (COO) to fuel global expansion
This strategic initiative aligns with Danantara Indonesia's streamlining directive to TelkomGroup in strengthening its structure and sharpening its business focus.
JAKARTA, Indonesia, June 4, 2026 /PRNewswire/ -- PT Multimedia Nusantara (TelkomMetra), an operating company of PT Telkom Indonesia (Persero) Tbk (Telkom), has officially signed a Shares Sale and Purchase Agreement (SPA) with the Fullerton Health group of companies (Fullerton Health) regarding the full divestment of PT Administrasi Medika (AdMedika), including its subsidiary TelkoMedika (collectively referred to as AdMedika Group). The SPA between TelkomMetra as the seller and Fullerton Health as the buyer, which was executed on Tuesday (2/6), marks an important milestone in TelkomMetra's portfolio optimization efforts, while positioning AdMedika Group to enter its next phase of growth under Fullerton Health's ownership, including opportunities for regional expansion.
In line with the SOE streamlining aspirations mandated by Danantara Indonesia, this move forms part of the effort to build a more focused, agile, and globally competitive business structure for TelkomGroup. This initiative also represents part of the execution of TLKM 30's medium-term transformation strategy, particularly under the third pillar through the restructuring of non-core business portfolios to strengthen the company's focus on its core telecommunications and digital businesses.
Managing Director Business-2 of PT Danantara Asset Management, Setyanto Hantoro, stated, "This strategic step is aligned with the transformation and SOE portfolio restructuring agenda currently being driven by Danantara to build companies that are more focused, healthier, and globally competitive. Through a well-directed portfolio restructuring strategy and collaboration with global partners such as Fullerton Health, we believe this synergy will strengthen the capabilities of Indonesia's digital ecosystem, particularly in the healthcare sector, while creating sustainable long-term value for all stakeholders."
"TelkomGroup continues to consistently implement its business portfolio restructuring strategy to build a company that is more agile, efficient, and focused on value creation. We view strategic partnerships such as this not merely as a corporate transaction, but as part of a broader effort to create a more optimal business structure, enabling each entity to grow more aggressively while opening wider opportunities for future business innovation," said President Director of Telkom, Dian Siswarini.
Meanwhile, President Director of TelkomMetra, Pramasaleh Haryo Utomo, added, "TelkomMetra views this move as a strategic momentum to strengthen AdMedika's long-term value creation. Under Fullerton Health's ownership, we believe AdMedika is in a solid position to enhance its capabilities, expand its business scale, and gain access to a broader regional healthcare ecosystem, while maintaining the strong foundation that has been built in Indonesia."
AdMedika Group possesses a strong business foundation, technological capabilities, and proven track record in Indonesia's healthcare administration (third party administrator/TPA) industry. As part of Fullerton Health, which has extensive regional experience across the Asia-Pacific region, this collaboration is expected to strengthen AdMedika Group's position as one of Indonesia's leading healthcare administration and managed care providers.
"This acquisition reaffirms Fullerton Health's long-term commitment to Indonesia and our continued investment in building an integrated and scalable healthcare platform. With the integration of AdMedika Group into the Fullerton Health ecosystem, we are strengthening our operational capabilities in healthcare administration services while leveraging the regional network we have established to address the continuously evolving healthcare needs in Indonesia," said Ho Kuen Loon, Group CEO of Fullerton Health.
Through this strategic move, TelkomGroup, TelkomMetra, and Fullerton Health Group aim to strengthen the healthcare and digital services ecosystem in Indonesia, while creating sustainable added value for all stakeholders.
About AdMedika Group
AdMedika Group, acquired by TelkomGroup through TelkomMetra in 2010, is a third party administrator (TPA) company with the largest network in Indonesia, providing claims management solutions, provider network management, and integrated digital health services for corporations, insurance companies, and institutions. As part of the national healthcare ecosystem, AdMedika combines technological excellence with proven operational capabilities to deliver fast, accurate, and transparent services to customers. For more information, visit https://www.admedika.co.id/.
About Fullerton Health
Established in 2010, Fullerton Health is a leading integrated healthcare solutions provider in Asia Pacific. Operating across nine markets, the Group runs approximately 550 healthcare facilities and partners with more than 20,000 providers, delivering end-to-end services spanning managed care, primary care, diagnostics, speciality services and ancillary solutions.
Supported by a workforce of almost 8,000 employees, Fullerton Health serves over 26,000 corporate clients and facilitates beyond 14 million healthcare transactions annually, impacting more than 4 million lives across the region.
Combining clinical excellence, corporate healthcare expertise and digital innovation, Fullerton Health is committed to delivering seamless, accessible and trusted healthcare for all. For more information, visit https://www.fullertonhealth.com/.
CONTACT:
Galih Dzulfiqar
dzulfiqar.galih@edelman.com
896-1992-3673
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TelkomMetra Strengthens Its Business Portfolio Restructuring Strategy, AdMedika Group Ready for Distinct Expansion under Fullerton Health
