Major Australian retailer signs with Invigor for a three year deal
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A contract worth at least $500,000 over three years has been agreed upon between a major Australian consumer electronics retailer and digital solutions company Invigor Group (ASX:IVO).
With stores nationwide the retailer aims to use IVO’s Insights Retail solutions package to access competitive market intelligence across their store footprint.
Insights Retail provides live competitive market intelligence by analysing large streams of data into information that can be acted upon.
The base value of the deal is approximately $500,000 over the three year contract with the option for additional services to be added from IVO’s product suite. These add-on services have the potential to provide upside value to the original contract signed.
IVO’s Chairman & CEO, Mr. Gary Cohen said:
“This is a major win for Invigor and is particularly significant in that it positions our solution for competitive market intelligence in the big league of major retailers in Australia. This win will lay the foundation for substantial sales growth with our ability to work with this retailer on our other solutions and generally assist in the rollout of their digital strategy. The win also validates our recent strategy of clearly differentiating our solutions to major retailers and brands in helping them solve the challenges posed by today’s dynamic retail environment. It is also rewarding to see our strategy of moving towards higher value and longer term engagements with market leading customers coming to fruition.”
Today’s announcement follows two other milestone announcements made by IVO this month including the upgraded new version of Shopping Ninja and release of SpotLite, a product offering for the small to medium sized enterprise space.
IVO is a leading information technology and digital solutions company whose client range includes: retailers, brands, mobile network providers, local and state governments, advertising and media agencies.
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