23 Feb 2017 07:00
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
23 February 2017
Sales Update
BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), the software developer focused on optimising employee/individuals' productivity, is pleased to provide a sales update following the launch of its first cloud-based productivity apps, BOS Meet and BOS Automate.
· Sales - over 200 BOS Meet and BOS Automate seats subscribed for in Australia and the UK since the products were launched in December 2016 and January 2017 respectively
o An Australian multi-national company has subscribed for 100 seats of both products, which will provide monthly cash flow, having signed up to be an Innovation Partner and a reseller
§ New Innovation Partner is focused on driving optimisation in the work place and has clients in 26 countries with a substantial presence in the banking sector
§ New Innovation Partner will automatically receive additional products as they are launched to market over a three-year period
o Significant number of seats subscribed for by a world class Australian university
· Additional Reseller Secured - BOS has entered into an agreement with a London based reseller to penetrate the UK market. A trial is currently underway with a client of the reseller ahead of targeting commercial roll out amongst corporate clients.
· Bolstered Sales Support - successfully recruited personnel as part of ongoing recruitment campaign to support new and future channel partners
· Driving Prospects - completed local installations of BOS Meet and BOS Automate to meet data residency requirements for business and government subscriptions in the UK, USA and Australia - this will help satisfy tender conditions in these markets going forward
BOS COO Mark Uren said, "We are very pleased to have achieved first sales and gained a significant number of subscribers across our core geographic markets of the UK, USA and Australia. A focus of our excitement is the introduction of our new Innovation Partner which will provide us with revenues from over 100 subscriptions and will resell our products, both current and future, to their very strong international client base. They have a very complementary business premise to us and are active in financial services, a sector in which we want to build our presence in.
"These developments, along with the securing of an additional reseller, provides solid endorsement of our business model and proves the relevance of our standalone software products, which are focused on optimising efficiency in the workplace. This positive reception bodes well for the launch of our BOS 360 Work Patterns platform as a service, which is planned for May 2017, and we are pleased to have already started advancing relationships with potential strategic partners ahead of this."
Further Information on BOS' Innovation Partner Scheme:
BOS has devised an Innovation Partnership Model which is focused on enabling global companies to realise a measurable 5% efficiency year on year over an initial three year term without 3rd party consultants.
The Company is leveraging its proven experience as consultants to take responsibility for the transition and transfer of knowledge to the client's in-house team. Innovation Partners subscribe for all BOS products as they are launched to market, which delivers revenues to BOS on a monthly basis.
The Company is delighted to welcome its first innovation partner to its books.
**ENDS**
For further information please visit www.bosglobal.com or contact:
Michael Travia Managing Director | BOS GLOBAL Holdings Limited | Tel: +61 (0) 8 9322 4071 E: shareholder@bosglobal.com |
Oliver Morse NOMAD | RFC Ambrian Limited | Tel: +61 (0) 8 9480 2500 |
Charles Goodfellow / Lucy Williams Broker | Peterhouse Corporate Finance Limited | Tel: +44 (0) 20 7220 9791 |
Elisabeth Cowell / Charlotte Page Financial PR | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
About BOS GLOBAL
BOS GLOBAL is a Software Company dedicated to making workplaces more productive.
It does this through its patented platform built to capture and analyse activities as a smart way to help individuals to achieve greater levels of workplace efficiency.
The platform known as BOS360 Work Patterns is unique in its ability to digitally render real time views of productivity in the form of Work Patterns at an individual, team or organisation level.
The platform comprises of three main business competencies;
1. Workplace Automation - How digital information (records and documents) is managed in the workplace.
2. Workplace Productivity - How people are spending their time at work
3. Workplace Integrity - How workplace information is secured and validated.
Each of these competencies are supported by a range of enterprise grade software products designed to perform a specific set of workplace functions. These products also act as both collectors and feeders of information to the BOS360 Platform for use in the generation of Work Pattern reports.
BOS GLOBAL will generate re-occurring income through subscriptions of its BOS360 Work Pattern platform and supporting products, as well as through licensing of its patented Work Pattern technology.
Company sales strategy is focussed on building a global distribution partner network via Enterprise Software Vendors, Professional Services organisations and Consulting Practices.
BOS GLOBAL Holdings Limited is a LSE AIM listed company incorporated in Australia, operating from offices in Melbourne, Sydney and Brisbane. Plans are well underway to increase its representation, with offices in London, San Francisco and Hong Kong in year 2017.