28 Mar 2013 07:02
28 March 2013
Escher Group Holdings plc
Twentieth anniversary of Riposte
Escher Group Holdings plc (AIM: ESCH, 'Escher' or 'the Group'), a world leading provider of outsourced point-of-service software to the postal industry, is celebrating the 20th anniversary of its core point-of-sale software, Riposte.
Riposte has been running non-stop for 20 years without any downtime. As the first Enterprise Peer-to-Peer network for retail in the world, Escher's Riposte software went live on 27 March 1993, in Ireland's post office, An Post. Riposte linked remote post offices throughout Ireland with the central post headquarters; automating the entire branch network and changing the way An post and post offices around the world do business.
Riposte now enables post offices across 35 countries to process billions of transactions, providing the infrastructure for revenue generating retail offerings and expanding its point of service presence.
Escher continues to invest in updating and expanding the Riposte software range with its RiposteTrEx digital postbox solution. This allows citizens, businesses, governments and international agencies to collaborate securely online.
Liam Church, Escher Group CEO said,
"Our software has been providing continuity and reliability to our customers non-stop for 20 years. However, we have not stopped innovating and we are proud to be at the forefront of digital point of service solutions, developing new technologies that will change the way governments, businesses and communities interact."
Enquiries:
Escher | +353 (0)1479 0555 |
Liam Church, Chief Executive Officer | |
Jonathan O'Connell, Finance Director | |
Fionnuala Higgins, EVP Sales & Marketing | |
College Hill | +44 (0)20 7457 2020 |
Adrian Duffield/Rozi Morris |
Notes to Editors:
Escher is a world-leading provider of outsourced, point-of-sale software to the postal industry. Escher's core software, Riposte, provides a solution for postal authorities that are seeking to counteract a decrease in traditional mail revenue by expanding revenue opportunities through new services, thereby reducing cost and increasing efficiency.
Postal authorities' software requirements have become more complex, leading to a growing trend towards outsourcing. Riposte is already in use in 33 countries and territories worldwide. It is licensed for over 170,000 workstations.
Substantially all of Escher's existing customers are national postal authorities including United States Postal Services, An Post in Ireland, Austria Post, Deutsche Post, Norway's Posten and South Africa Post Office. The Group services these customers from its offices in Ireland, South Africa, Singapore, the United Kingdom and the United States.
Long licence and maintenance contracts and repeat business from quasi-governmental customers give Escher good visibility of high quality earnings.
The Group is targeting continued growth through incremental sales to existing customers, new sales within the postal industry, penetration of new vertical markets and through the launch of its revolutionary new product, RiposteTrEx.