Major Australian retailer signs with Invigor for a three year deal
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.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
S3 Consortium Pty Ltd (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 only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.