NavisionDamgaard has announced its half-year report for fiscal year 2000/2001. Net revenues were about R700 million and the company expects to exceed the revenue forecast for the full fiscal year 2000/2001.
Despite the recent revenue decline in the local IT industry, NavisionDamgaard South Africa has maintained excellent growth. The local operation has shown more than 50 percent growth for the first six months for fiscal year 2000/2001 compared to the same period last year.
According to NavisionDamgaard managing director Keith Mullan, the reason for this substantial growth is regained business confidence in Enterprise Resource Planning (ERP) solutions. "As predicted, many of the smaller ERP vendors have either merged with larger vendors or have closed their doors. Since the Navision Software and Damgaard merger, we have established ourselves as a major player in the ERP arena and we are now able to offer a wider range of turnkey solutions."
The merger has created an even stronger international business with the strength to proactively participate in international industry consolidation. It has created opportunities in the mid-market and has also formed a merged company with a leading end-to-end product portfolio based on Microsoft technology. The merged company is expected to achieve a number of growth synergies as the result of this complementary product portfolio -- faster time-to-market for new products, improved market coverage as well as the financial strength to generate growth through value-adding acquisitions.
Mullan says NavisionDamgaard has leading edge technology built into its product suit. "Locally, we have a large and committed installed base and with the exciting product range, we are seeing many new companies buying into our solutions. We have provided cost-effective solutions to companies like BASF, Radiospoor, the Heath Commission, Sharp Electronics and the Eastern Cape Gambling Board. Our customers have fast realised that we offer solutions that are technologically more advanced than our competitors."
NavisionDamgaard, a leading global provider of end-to-end e-commerce and collaborative business solutions to mid-sized companies, has a global customer base of more than 120 000 installations and a strong international sales channel of more than 2 000 business partners.
"Locally, NavisionDamgaard has 33 resellers that are based in all the major centres countrywide. They are highly skilled, committed and have been with us for a long time. We have always been very careful of appointing too many new resellers, we prefer having a smaller skilled reseller base than a large number of unskilled ones. Furthermore, we are committed to our channel and we believe that by investing in them, we will benefit in the long term," adds Mullan.
Mullan says increased functionality such as Web-enabling for NavisionDamgaard Financials has contributed to increased sales. "This solution allows customers to easily access data within NavisionDamgaard Financials from any Web browser. By providing users with Web access to NavisionDamgaard Financials is a crucial step in NavisionDamgaard`s e-business strategy, which will make it easier for customers in the mid-market to realise the full potential of the Internet. It gives our customers a simple and straightforward way to access their data from anywhere in the world, at any time, as long as they have access to a Web browser.
"The Web technology - and how it`s implemented and used - supports a core value we have at NavisionDamgaard. We provide our customers with clear-cut, easy-to-use and cost-effective solutions," he concludes.
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