7 October 2013
Fusionex, an award-winning and market leading international software provider specialising in Business Intelligence, Analytics and Big Data, is pleased to provide the following trading update in advance of its results for the year ended 30 September 2013, which will be announced on or before 31 Jan 2014.
During the period, management has made good progress delivering the Group’s stated growth strategy of broadening Fusionex’s geographical reach and continuing to develop its Big Data offerings and capabilities. The Company’s business pipeline remains strong with the team continuing to experience significant demand for its products. This on-going demand is further strengthened by increased awareness of Fusionex’s brand and product offerings, particularly across Asia Pacific, where Fusionex recently won Microsoft’s Asia Pacific Award for Business Intelligence.
Fusionex has also secured its first client in Hong Kong, a key business hub and gateway to North Asia (including China) and a region where management believes strong product demand continues to exist. The Group has built a steady sales pipeline over the last few months in Hong Kong (which covers Northern Asia), and Management is therefore confident that it will progressively win more new business from Hong Kong and China.
Fusionex’s flagship Big Data product, GIANT, is now in advanced stages of testing. Once launched, GIANT will be able to be deployed to either cloud or hybrid environments. Fusionex has conducted a number of paid pilots with clients, and full product launch continues to be targeted before the end of calendar year 2013.
In addition Fusionex would like to notify shareholders the Company is now subject to the UK Takeover Code. As of 30 September 2013, all UK, Channel Island and Isle of Man incorporated public companies which have securities admitted to trading on AIM will be subject to the Code, irrespective of their place of central management and control.
Management remains confident that a combination of the Group’s strong market traction within the Asia Pacific region, significant sales momentum and on-going investment in sales and development teams will continue to generate exciting growth in the medium and long term.
The board anticipates that the revenue as well as profit achieved for the full year results for the year ending 30 September will be at least in line with market expectations.
For further details:
FusionexIvan Teh, Chief Executive Officer
Yuen Choong Lai, Chief Financial Officer
Panmure GordonGiles Stewart, Fred Walsh, Grishma Patel (Investment Banking)
Tom Nicholson, Charles Leigh-Pemberton (Corporate Broking)
020 7886 2500
BuchananJeremy Garcia, Gabriella Clinkard www.buchanan.uk.com
020 7466 5000