Prodware said it created a joint venture with the I Love Mobile Group in the North America in 2016. The emphasis is on trying to snap up an estimated 40,000 customers of the older Dynamics systems for the Dynamic 365 business edition. The VAR identified Florida, New York and Texas for the start of what it called a ”measured, prudent strategy of penetration of the North American territory [which] should make a contribution to the Group's results in the coming three years.” It was tough to understand a few points as the English in the press release has that sound of a translation made through online software—clunky. Anyway, Prodware accelerated revenue growth in the third quarter with revenue for that period reaching about $40 million, up 4.4 percent from last year’s corresponding period, 3 percent on a comparable basis. For the nine months, revenue increased by 3.5 percent over last year’s corresponding period, 2.5 percent on a comparable basis. Third quarter SaaS sales reached roughly $5.8 million, rose 23.3 percent over a year ago. Sales in the company’s French-speaking market represented 53.2 percent total revenue.Last modified on Friday, 20 October 2017
FRENCH VAR PRODWARE TO GROW IN US Featured
Prodware, a publicly traded Dynamics and Sage reseller based in France, plans to grow its business in the United States. The company outlined its plans this week in the release of financial results for the nine months ended September 30.