Instem has announced that an existing client - one of the world’s largest chemical companies - has adopted its SaaS delivery model for the group’s Provantis® suite. We make no forecast revisions following the announcement. In our view, the deal demonstrates the value of the Instem Cloud platform and is a win-win for both the client and Instem. Furthermore, with recurring revenues representing over 60% of turnover (H1 2017), there remains a material opportunity for Instem to fu
08 Mar 2018
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Cloud platform delivering
- Published:
08 Mar 2018 -
Author:
Gareth Evans -
Pages:
3
Instem has announced that an existing client - one of the world’s largest chemical companies - has adopted its SaaS delivery model for the group’s Provantis® suite. We make no forecast revisions following the announcement. In our view, the deal demonstrates the value of the Instem Cloud platform and is a win-win for both the client and Instem. Furthermore, with recurring revenues representing over 60% of turnover (H1 2017), there remains a material opportunity for Instem to fu