Invigor set to close Share Purchase Plan

Published at Mar 31, 2016, in Technology

Having recently released its quarterly performance figures, Invigor Group Limited (ASX:IVO) today sent out a reminder to shareholders that its Share Purchase Plan ends today.

Invigor, a big data player with a suite of products, will be accepting funds which are credited to its account over night or are otherwise banked tomorrow.

It has been an exceptional quarter for Invigor.

Its recent acquisition of German media giant Condat has shored up revenues and put the company in a strong financial position as we move full steam ahead into the second half of the year.

The Company reported today that Condat had achieved better than budget sales performance with revenue of approximately AU$1.75 million expected to be recorded. Condat is on track to achieve its forecast 2016 revenue of $8 million.

Meanwhile Invigor’s Insights range of products is also bearing fruit, whilst attracting the attention of major brands and retailers in the market for a big data solution.

Several negotiations are ongoing and results are expected shortly.

Invigor uses a complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.

Its big data solutions helps retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing consumers with information that brings them to a decision about the best value-for-money purchase.

The big data industry as a whole is set to be worth $50 billion, and though some are frightened by its big brother-like power, it is here to stay.

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