Simble Solutions (ASX: SIS) increases customer growth by 240% and signs A$4.9M in deals since IPO

Highlights

  • This financial year Simble has seen an increase of 240% customer growth with A$4.9 million in deals signed since IPO.
  • Their recent contract win with UCR Consultants will see recurring revenues of $3.4 million.
  • Simble has significantly widened and strengthened their product offerings coming into 2019.

CEO of Simble Solutions Limited (Simble or the Company), Fadi Geha is pleased to present an updated investor presentation to shareholders. They have solidified their reputation in the ICT industry with their proven management team and track record of creating value and delivering key operational targets.

This financial year has seen an increase of 240% customer growth with A$4.9 million in deals signed since IPO. Simble stand as the fastest growing energy SaaS company on the ASX, supported by 10 small cap institutions with rollouts focused across the UK and Australia.

Simble’s establishment of high-quality networks of channel and distribution partnerships has mitigated the need for large direct sales teams and has recently secured their first client win (Banyule City Council) in partnership with BidEnergy. Their recent contract win with UCR Consultants will see a minimum of 10, 000 meters connected to the platform before Q2, 2019, with recurring revenues of $3.4 million expected from this deal alone.

Simble has significantly widened and strengthened their product offerings to deliver diversified revenue streams, accelerated low-cost client onboarding at scale and upsell opportunities. 2019 priorities focus on nurturing existing partnerships, convert large sales pipelines and accelerate growth across key markets.

 

About Simble Solutions (ASX: SIS)

Simble Solutions (ASX: SIS) focuses on energy SaaS and Internet of Things technology solutions, enabling businesses to remotely automate savings opportunities and achieve sustainability targets.

With a growing footprint in the UK and Australian market, Simble has emerged as the fastest growing energy software company on the ASX. The company’s powerful big data analytics platform has global exponential growth potential.

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