Insights Retail to Power Major Retailer With Three Year Deal
Sydney, June 30, 2016 AEST (ABN Newswire) - Invigor Group Limited (
ASX:IVO) ("Invigor") is pleased to announce that it has signed a major contract to supply one of Australian's leading consumer electronics retailers with Insights Retail. The landmark deal will see Invigor provide its competitive market intelligence solution over a three year period.
- Contract win with major Australian consumer electronics retailer
- Provide competitive market intelligence across their Australia wide footprint
- Contract value of C$500K over three years
- Major opportunity to provide additional solutions and upsell potential
The base value of the deal is approximately $500,000 over the contract term with the option to include additional solutions from Invigor's product suite across the retail chain's store network. This has the potential to increase the total contract value substantially over the contract term.
Invigor'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."
About Invigor Group Ltd
Invigor Group (ASX:IVO) uses its complementary suite of big data products to source, aggregate, analyse and publish content for the benefit of businesses and consumers.
Today its interconnected data sets enable enterprise clients including retailers, brands, shopping centres and government bodies to identify and better understand competitors, consumers, markets and demographics while providing the consumer with the best value-for-money.
Using its current products and a pipeline of additional offerings Invigor will have the ability to provide an end-to-end solution spanning sales, product management, business intelligence, marketing, advertising, content creation and distribution, while monetising each step of the process.
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