LONDON /PRNewswire/
-- Thomsons Online Benefits ("Thomsons"), the global benefits
Management and Employee Engagement SaaS Group (Software as a
Service), has published its full year results for the 12 months
to 31 December
2014.
Operational highlights
Financial highlights
Outlook
Michael
Whitfield, Chief Executive Officer commented:
"In
barely three years, we have completely transformed into a Software
as a Service (SaaS) subscription business model, based around three
routes to market - Global Enterprise, UK and Partners. We have also
established Darwin™ as the leading global benefits management and
employee engagement software.
"Our
forward visibility has been transformed. We can now see
some GBP118m of
revenue over the next five years, with a strong average renewal
rate of 97%, which of course will increase substantially each year
as new opportunities are booked.
"The
key indicator of the Group's underlying strength is the SaaS
bookings growth of 111% driving +40% SaaS subscription revenue
increase in 2015.
"Our
partner channel strategy has been validated. It will enable us to
scale the business and deliver wider international reach, as well
as further accelerate our growth. As a result of a combination of
all of these factors, and the strong appetite from new and existing
clients, we expect to see significant further growth in 2015."
For
the full press release please visit Thomsons website (https://www.thomsons.com/news-and-press ).
Note to Editors
Thomsons is a global Software as a Service ("SaaS") supplier for
global benefits management and employee engagement. Its mission is
to use technology to revolutionise the employee benefits
market.
The
400+ Thomsons People are committed to helping HR and reward
professionals to deliver impactful, cost effective benefit schemes,
whilst enabling their employees to engage with their benefits,
throughout their lives.
The
Group works with the world's leading employers to maximize the
power of Darwin™ in 70 countries and 19 languages. Thomsons works
with seven out of the top 10 global technology companies and six
out of the top 10 global brands.
The
success of the Thomsons is down to three main things: its market
leading product, Darwin™; its ability to adapt in an ever-changing
market; and the passionate and dedicated Thomsons People.
Enquiries:
Thomsons Online Benefits
Michael
Whitfield, Chief Executive Officer
Paul
Smolinski, Chief Financial Officer
+44(0)203-328-4000
Instinctif Partners
Adrian
Duffield/Lauren
Foster
+44(0)207-457-2020
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