Touchstar achieve higher than expected sales for PODStar proof of delivery system
23 December 2019
Touchstar achieve higher than expected sales for
PODStar proof of delivery system
December 23rd, 2019
Proof of Delivery innovator continues to shake up
the market
Touchstar, a developer of intelligent real-time
EPOD solutions, and a member of the Touchstar PLC group of companies, has
enjoyed an 86% growth in the sales of its PODStar integrated Proof of Delivery
system.
The Touchstar PODStar solution services any
organisation with a van or HGV fleet and offers optimisation of work
scheduling, reduction in fuel costs and improved customer service levels
without adding extra business complexity.
Highlights of 2019 include:
-
Year-on-year double-digit revenue growth driven by
new and existing customers
- Record Revenues with sales up 86% on
previous year
- Record customer acquisition new
system license
- New customers that
purchased PODStar solutions include Metsec, Instarmac, AET, French Garden and Tican to name a few and two
last minute signings in the run up to the Christmas break.
·
- Expansion of installed base with a
38% increase in recurring license revenue
- A two-fold increase in average new
customer Annual Recurring Revenue (ARR)
Resources growth
- PODStar expanded its team with
appointments across customer support, project management, sales and engineering
A sustained commitment to R&D
The Touchstar R&D programme for
PODStar is driven directly by customer input. New software modules are
developed and as a SAS cloud-based platform, these options become automatically
available for existing and new users.
“It is a
team effort,” states Mark Hardy, CEO of Touchstar Technologies. “We’ve
worked extremely hard to deliver strong results and to exceed the expectations within
this division is terrific. Despite an uncertain economic outlook, we plan to
continue this momentum in the UK for our standard EPOD offering and to further
increase our footprint in international markets with our more specialist ‘bulk
logistics’ variants. Logistics professionals across the globe are recognising
the transformation delivered by intelligent automation and digitisation, and we
are here to deliver.”