Thriving in today’s digital world hinges on accurately & quickly harvesting prescient & actionable insights from literally billions of discreet data points in real-time. Not only to develop new products and enhance revenues, but also build best-in-class logistics & manufacturing networks that can ship items efficiently to ‘I-want-it-now’ consumers. No wonder therefore that consultants Researchnreports predict the global Big Data Analytics supply chain software market will mushroom from $2.12bn in 2017 to $7.53bn by 2025, or 17.1% CAGR.
Enter Rosslyn Data Tech. Its proprietary cloud platform (RAPid) enables multinationals to significantly reduce their costs and working capital levels, whilst at the same time lifting sales, productivity and supplier performance. Exactly why a host of blue chip brands (see below) across a range of verticals currently use its cutting edge data mining, predictive analytics and artificial intelligence applications.
What’s more, after successfully delivering savings of £850k pa from its transformational £2.6m acquisition of Integritie (April ’17) - the firm hit another major milestone in FY19. Delivering positive operating cashflow (£220k vs -£3.45m LY) for the first time since IPO, on turnover up 8.3% (+11.3% H1 vs 5.3% H2) to £6.97m (£6.4m) – split £5.44m Licence Fees (+9.2%) and £1.53m Services (+5.1%)
Likewise, Annual Recurring Revenues (ARR) ended the period at £5.4m (ED est) – providing robust visibility for FY20 & beyond. In February, the company secured 3 new deals worth in aggregate >£0.5m, alongside future ‘land & expand’ options. A significant stamp of approval, especially given the complexity of the geographical, linguistic & data requirements involved. On top, a further large contract was won after the y/e within the science-led sustainable technologies sector.