A further year of double-digit growth: +13% revenue
Backlog growth at 31 December 2016: + 24%
Reinforcement within the Artificial Intelligence field with a unique positioning
Olivier Novasque, CEO and Founder of Sidetrade, states:
“For the first time, with the use of the Sidetrade Payment Intelligence solution, companies can avail themselves of a predictive payment score for their customers and can assess their performance margins using a data-driven approach. Already in use by almost all our clients, this Artificial Intelligence platform will enable us to accelerate our conquest of the market. This trend will be strongly reinforced across 2017 with the input of the BrightTarget and Iko System solutions, which will open up further growth opportunities for the Group. The synergy between the three offerings will allow us to democratize the use of Artificial Intelligence across the entire customer relationship cycle and to set Sidetrade apart as unique on the market.”
| CONSOLIDATED FINANCIAL STATEMENTS* SIDETRADE GROUP (MILLION EUROS) |
2016 | 2015 | VARIATION (%) |
|---|---|---|---|
| ANNUAL REVENUES | 18.1 | 16.0 | + 13% |
Across activity in 2016, Sidetrade Group achieved a turnover of €18.1 million, with wholly organic growth of 13% and robust international demand. This consistent and continuous performance, across successive quarters, reaffirms the success of its innovative product offering and demonstrates its ability to consolidate its position as market leader.
Sidetrade has recorded its eighth consecutive quarter of double-digit growth.
Backlog growth at 31 December 2016: +24%
The year witnessed the addition of prestigious new accounts to the subscriber base, among them: NHS Property (UK), Deloitte (Belgium), Carrefour Property, Docapost (La Poste Group), Intersport, PageGroup (Germany, Austria, Spain, France, Italy, Switzerland), Saint Gobain Abrasifs (21 countries), Talend (German, US, France, UK), Univar (Greece, Italy, Turkey), Equiniti Group Plc, Hearst Magazines, Idex, Samworth Brothers Ltd, Strego, Securitas AB (Norway), Viséo, Renold US, Valor Hospitality…
Recurring revenue generated by SaaS resulting from these multi-year contracts ensures excellent visibility of medium-term income. Accordingly, the SaaS backlog at 31 December 2016 stood at €26 million, representing a 24% growth. This committed unrecognized income is not included in the Group income statement or balance sheet at end-2016.
Reinforcement within the Artificial Intelligence field with a unique positioning
In line with the announced timetable, the predictive analytics customer behavior payment software platform, Sidetrade Payment Intelligence (SPi) solution, was successfully launched on 8 November 2016. Within two months, 95% of Sidetrade clients had begun deploying Sidetrade Payment Intelligence solution to improve their performance relating to payment delays, and anticipation of customer behavior, through a predictive payment score across 2.2 million companies.
2016 activity saw a strengthening of Sidetrade’s strategic position across the entire customer life cycle via the acquisition of start-ups BrightTarget and Iko System, both specialists in the field of Artificial Intelligence. Sidetrade has now moved beyond its original focus of client relation financial management to extend its offering across the entire Sales-to-Cash cycle to place Artificial Intelligence solutions at the disposition of companies’ Sales and Marketing departments.