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Esker's Q1 revenue is a record


Johannesburg, 26 Apr 2017

SPI, the African distributor for utility software products and services to the open systems segment of the IT industry and the southern African reseller for Esker, a leader in document process automation solutions, today announced the latter's Q1 2017 sales revenue amounted to EUR18.7 million, a 15% increase over Q1 2016.

These results include the sales revenue of recently acquired German company, e-integration. With EUR0.9 million in sales revenue, e-integration achieved 16% growth over the same period in 2017. This performance is slightly higher than expected and reinforces the relevance of the acquisition for Esker.

With or without e-integration's contribution, Esker has once again experienced its most successful quarter in its history. The excellent performance of Esker's cloud-based solutions largely offsets an unfavourable base effect on the more traditional and legacy products, which, as previously announced, was due to several large non-recurring deals recorded in the first half of 2016.

Total revenue related to Esker's cloud-based solutions increased 31% in Q1, representing 84% of total company sales revenue. This growth is due to a high volume of customers that signed in 2016 and are now entering production, as well as the increased use of Esker's solutions by existing customers.

Esker confirms it expects to achieve double-digit organic growth in 2017. Factors such as recurring revenue (77% of sales in Q1) and a record number of new contracts signed (a cumulative value of more than twice the signed contracts in Q1 2016), will fuel the company's growth for 2017 and the years ahead.

For further information, please contact Chris Anderson at tel: +27 11 234 1560; fax +27 11 234 1387; e-mail chris@spi.co.za.

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Esker

Esker is a worldwide leader in cloud-based document process automation software. Organisations of all sizes use its shared platform of solutions, offered on-demand or on-premises, to automate accounts payable, order processing, accounts receivable, purchasing and more. Esker's solutions are compatible with all geographic, regulatory and technology environments, helping over 11 000 companies around the world in their efforts to quit paper.

SPI

SPI is a company that provides utility software products and services to the open systems segment of the IT industry. It is the sole sub-Saharan Africa distributor for USA-based Innovative Routines; USA-based Help/Systems; USA-based Linoma Software; France-based Esker; and UK-based OpusVL (ex-Xi Software). SPI also develops some of its own software utilities to complement the overseas products that it distributes.

SPI has a wide and varied customer base and includes organisations such as Aspen Pharmacare, Johannesburg Municipality, University of Johannesburg, MMI Holdings, Nampak, National Brands, Stellenbosch University and UNISA.

Editorial contacts

Paul Booth
Global Research Partners
(+44) 74700 33126
pabooth@mweb.co.za
Chris Anderson
SPI Group
(+27) 11 234 1560
chris@spi.co.za