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01 Oct 2014

$4.2 million grant to fast-track Serko R&D


Auckland, New Zealand. 26 September 2014 – Serko Ltd. (SKO.NZ) has been awarded up to $4.2 million for Research and Development (R&D) over three years via a Growth Grant from the New Zealand Government.

The grant was announced by Science and Innovation Minister Steven Joyce today and Serko will be using it to help fast-track development of a number of products, including Serko Mobile.

Serko chief executive officer Darrin Grafton said “This is a real sign of confidence from the New Zealand Government that Serko is a growth company poised to deliver on the global stage.

It is pleasing that the government’s commitment to a hi-tech, hi-growth economy is enabling companies like Serko to run faster and continue developing world-leading technology at pace.

Grants like this enable New Zealand businesses to build strong futures based on technological innovation,”

Since launching in 2007, R&D grants have enabled Serko to develop new innovative solutions for the energy and resource sector in Australia. The new grant will enable Serko to grow its team of developers to create products suited to the Asian and US markets.

Serko has a dedicated product development department at its Auckland headquarters, which makes up part of a 120-person strong team worldwide, with offices in Sydney Australia, Xi’an City China and Gurgaon, India.

More information

Natasha Gillooly, Porter Novelli for Serko,

+ 64 21 915 297   

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About Serko

Serko is Australasia’s leading online travel booking and expense management company for businesses and is listed on the New Zealand Stock Exchange Main Board (SKO.NZ). With its HQ in Auckland New Zealand, and with offices in Sydney Australia, Xi’an City China and Gurgaon, India, Serko employs more than 120 people worldwide.

Serko Online is an integrated Online Booking Tool used by administrators and travellers to book flights, accommodation and car hire from the broadest possible set of travel providers. The OBT ensures that travel bookings comply with corporate travel management policy without limiting the users choice of travel provider.








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