Following the completion of its Fredhopper acquisition on 8th March 2017, revenue increased by 224 per cent to £5.5 million via a mix of new business wins from companies including Auchan, Brora, Hunter Boots, Specsavers, and The White Company with an average new contract value of £54k. It also generated 41 upgrades and over 100 client contract renewals during the period.
André Brown, Group CEO, commented, “I am delighted to report that the integration of the Fredhopper business has been achieved whilst maintaining significant sales momentum. The Group is already reaping the benefits of the increased scale and improved access to the enterprise retail market that this acquisition has brought. We continue to gain traction with leading retailers in the UK, Europe and North America, having signed significant new logos in the period including Hunter Boots, Specsavers and The White Company. At the same time, our proposition remains key to our current customers with a significant number of upgrades and renewals”.
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