Invigor Group (ASX: IVO) Raises $4 Million & Secures $850k in Contract & Renewals in Q1 2018

KEY TAKEAWAYS:

• Circa $500,000 in newly contracted revenue will be booked in calendar 2018 – remainder will be recognized in FY 2019 and 2020
• New contract wins and renewals are with leading blue chip and major brands now include Asahi, Accolade Wines, Treasury wines, Sharp, Epson, Moet Hennessy, Pernod Ricard and two announced Singapore Mall group and Philippines Mall group.
• SpotLite launched – covering over 40 verticals and 100000’s of products –
• Capital raised in 2017 include Allectus Technology Fund – 10% stake
• Bidding pipeline at record levels across all operating businesses

Leading big data solutions company Invigor Group Limited (ASX: IVO) has ended 2017 and starts 2018 with very positive signs. As a result of the acquisition of new companies and by winning new customers including major brands and retailers in multiple industries, Invigor has further strengthened its customer footprint in Australia and Asia.

Thanks to these factors and the growth potential that have shown in this last year, Invigor Group has gained investor confidence raising more than $4 million in 2017. Some of the capital raised during this year include Allectus Technology Fund (10% stake).

Throughout this year, Invigor has secured new contracts with major brands including Asahi, Accolade Wines, Treasury Wines, Sharp, Moet Hennessy and Pernod Ricard. The company has also gained new customers in the retail industry and commercial spaces including Manly Wharf in Sydney, Zoos Victoria in Melbourne, Ayala Malls in Philippines or Supermal Karawaci in Indonesia.

The company also has consolidated its position in Asia Pacific region with the acquisition of Sprooki Pte. Ltd. last April. Sprooki is a Singaporean company with a strong footprint in key countries in Southeast Asia like Singapore, Philippines, Indonesia, Vietnam or Thailand.

First quarter of calendar 2018 has started with very good signs as well: Invigor’s Data Intelligence division has secured $850,000 in contract wins and renewals with leading blue chip brands like Epson and 2 big Mall groups in Singapore and Philippines. On top of that, biffing pipeline is at its record levels across operating businesses.

Invigor keeps innovating with the launching of its new solution SpotLite. In its first year Spotlite has covered over 40 verticals and 100,000’s of products in consumer electronics, alcoholic beverages and other industries. SpotLite is a price monitoring solution that deliver valuable insights and pricing conditions to understand drivers of sales, develop better pricing strategies and predict future demand based on own prices and competitor price movements. This solution allows to retailers to increase profit margin significantly.

Invigor Group currently operates in in Australia and Asia as one of the leading companies in big data solutions for retailers and brands. It offers a wide range of tools to capture data, understand shopper behaviour, monitor competitors and engage customers in effective ways.

About Invigor Group (ASX: IVO)

Invigor is a B2B insights and loyalty company for retailers, brands and venue operators that delivers a more strategic, profitable approach to today’s commerce.

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