Invigor secures leading wine producer
Published on: | by Trevor Hoey
Leading big data solutions company Invigor Group (ASX:IVO) has strengthened its customer footprint in the alcoholic beverage market by signing leading international winemaker Accolade Wines as a revenue-generating client.
Under the terms of the sales agreement, Accolade Wines will deploy the retail module of IVO’s unique cloud-based Insights 360 platform to access information and data that will allow it to rapidly respond to changes in industry and pricing conditions.
Accolade Wines is one of the largest producers of new world wines globally. Its portfolio includes Hardys, the highest-selling Australian wine in Britain, as well as the UK’s second largest wine brand Echo Falls, along with the UK’s most popular South African brand Kumala.
Other leading brands owned by Accolade Wines include House of Arras from Tasmania. Mud House from New Zealand. Long established high profile South Australian wineries such as Petaluma, Grant Burge and St Hallett are also part of Accolade’s portfolio.
Commenting on this contract win and highlighting IVO’s strong presence in the alcohol and beverage market, Chief Executive Gary Cohen said, “This contract clearly illustrates Invigor’s ability to deliver new revenue generating contracts in the alcohol and beverage market, with Accolade joining Treasury Wine Estates, Pernod Ricard Australia and Moet Hennessy as a client of our unique cloud-based pricing analytics solution.”
It should be noted that IVO remains a speculative stock and investors should seek professional financial advice if considering this stock for their portfolio.
Cohen highlighted the fact that IVO is giving companies of all sizes, from small businesses through to industry-leading international enterprises, the tools they need to compete in a rapidly changing business landscape that is being disrupted by local and international e-commerce companies such as Amazon.
Cohen also confirmed that IVO has a robust sales pipeline and expects to secure additional clients across a range of product categories over the coming months.