Major Australian retailer signs with Invigor for a three year deal

|

Published 30-JUN-2016 14:13 P.M.

|

2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

A contract worth at least $500,000 over three years has been agreed upon between a major Australian consumer electronics retailer and digital solutions company Invigor Group (ASX:IVO).

With stores nationwide the retailer aims to use IVO’s Insights Retail solutions package to access competitive market intelligence across their store footprint.

Insights Retail provides live competitive market intelligence by analysing large streams of data into information that can be acted upon.

The base value of the deal is approximately $500,000 over the three year contract with the option for additional services to be added from IVO’s product suite. These add-on services have the potential to provide upside value to the original contract signed.

IVO’s Chairman & CEO, Mr. Gary Cohen said:

“This is a major win for Invigor and is particularly significant in that it positions our solution for competitive market intelligence in the big league of major retailers in Australia. This win will lay the foundation for substantial sales growth with our ability to work with this retailer on our other solutions and generally assist in the rollout of their digital strategy. The win also validates our recent strategy of clearly differentiating our solutions to major retailers and brands in helping them solve the challenges posed by today’s dynamic retail environment. It is also rewarding to see our strategy of moving towards higher value and longer term engagements with market leading customers coming to fruition.”

Today’s announcement follows two other milestone announcements made by IVO this month including the upgraded new version of Shopping Ninja and release of SpotLite, a product offering for the small to medium sized enterprise space.

IVO is a leading information technology and digital solutions company whose client range includes: retailers, brands, mobile network providers, local and state governments, advertising and media agencies.



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.

 

Discover Small Cap
Biotech Stocks

Join thousands of other Investors following our stock commentary for Free

X