Retail hardware and support specialist DigiPoS Systems Group, whose head office is in Basingstoke, UK, has announced results for the financial year ending August 2003 - showing sustained, profitable growth from sales revenues in excess of $100 million.
From a standing start in 1994 - in just under 10 years - the company has witnessed exceptional growth, as globally retailers continue to select the DigiPoS "designed for retail" ePoS solutions.
This demand-driven expansion has also seen the incorporation into the group of two of the UK`s largest retail service companies, Vista and RTC, contributing further to the organisation`s significant reach, right across the global retail market.
Now, with operations in over 16 countries encompassing North America, Europe, Africa, Asia and Australia, the company employs over 300 retail technology specialists throughout its solutions, service and support divisions.
DigiPoS Systems Group CEO, Tim Bittleston said: "Just over a year ago we forecast this year`s revenues would top the $100 million mark and together this is exactly what our employees and partners have achieved.
"This is a landmark point in our continued growth, which reflects the consistent levels of demand we have received for both our technology solutions and support services. It is important to understand when reviewing these figures that the revenues have been achieved only through our specialising in the retail and hospitality sectors. This is further testimony to the major impact the group has made on the retail technology marketplace, which was historically dominated by non-specialist hardware manufacturers for 20 to 30 years.
As the markets mature in each country we are realising a very dominant position (now in second place behind IBM in the UK in terms of ePoS terminals sold), and our pace of development is hastening, demonstrating our ability to understand the needs of retailers and how to exploit proven technologies. The group`s reputation has gone from strength to strength and we look forward to the coming 12 months which will see our delivery of still further innovative and enhanced technology to retailers."
The experience of hundreds of retailers appears to bear out the reasons behind the strong sales performance best exemplified by comments from one DigiPoS Customer, Jim Bendon, from award-winning UK-based retailer Majestic Wine Warehouses: "The service and support we have received since day one has given us a great deal of confidence in the whole of the DigiPoS Group. It`s meant that when we open a new outlet we can be sure of our technology and the backup service behind it - all elements that have been critical to our continued expansion."
He adds: "The Professional Services team from DigiPoS have continued to provide every level of assistance in the assessment of our requirements leading to a very comprehensive solution."
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Established in the UK in 1994, the DigiPoS Systems Group has delivered its specifically "designed for retail" DigiPoS hardware brand right across the global retail and hospitality sectors. Now operating in over 16 countries throughout North America, Europe, Africa, Asia and Australia, the company continues to enhance its reputation as the specialist retail solutions provider.
The group has received considerable recognition for providing cost-effective, high performance hardware and service combinations, while building a reputation for innovation and value. The group now employs over 300 people and maintains an impressive profitable trading record. This has been achieved through aggressive organic growth, driven by retailer product/service demand, combined with carefully selected acquisitions.