SaaS company Asite Reports 9.6% Growth in 2012 Results

Asite’s Directors are pleased to report that the Group continued its growth on the performance of 2011.

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We are experiencing a real drive from our community with new Apps constantly being created within our App Library through our AppBuilder service - Tony Ryan, Asite CEO.

(PRWEB UK) 23 January 2013

For the 12 months ended 30 June 2012 revenue increased by 9.6% to £3.193m (2011: £2.914m). Overall, operating profit for the period fell 0.5% to £0.420m (2011: £0.422m).

Tony Ryan, Asite CEO said: ‘We believe that delivering growth in such a volatile market shows our continued commitment to our valued clients. We also thought it necessary to continue to invest in our collaborative cloud platform and to drive expansion into new markets, as critical to the long term growth of the Group.’

‘During the year we moved our Research and Development division into our new and much larger offices in Ahmedabad, India, giving us the ability to grow over the coming years. This is an investment well spent for future revenue expansion. We are experiencing a real drive from our community with new Apps constantly being created within our App Library through our AppBuilder service.’

‘Our platform and our service continue to break new boundaries in its ability to deliver to an ever versatile client base. As a result of our unparalleled experience, comprehensive capabilities and extensive research within the architect, engineering and construction sector, we have now started to successfully work in sectors such as multi-media and financial services to help them become high performance businesses. This proves that our platform is now truly ready to grow within all sectors and markets on a global basis.’

‘I would like to take this opportunity to thank each and every one of our ever growing community for their input and direction - Thank You.’

Please click here to view the 2012 Financial Performance Report (PDF).

About Asite

Asite helps businesses share information and build knowledge in a secure environment in the cloud. Every day, professionals all over the world use Asite to manage their projects and supply chains collaboratively and get the information they need – when and where they need it.


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