New people, channel network and software finance options deliver platform for success
26th May 2016 – Dynistics has today announced ambitious growth plans to deliver 100% year-on-year revenue growth, as it nears the first anniversary of its management buy-out which took place in Q1 2015. The British company has undergone a significant transformation during the last 12 months, during which it has invested in 15 significant new hires across the business, introduced flexible software finance options and most recently announced a new channel strategy to establish a global network of partners.
The transformation has helped to deliver the 15% year-on-year revenue growth achieved in the 12 months, having increased its user base to over 100,000 + users of its dashboard technology from success in key vertical sectors including higher education, further education and recruitment. The company owners have also committed to continue to reinvest all profit back into the business to drive further success and growth.
Dynistics is anticipating revenues from its channel partner network to account for 30% of annual turnover within the next 12 months. Dynistics has already signed several new channel partners, including Jobscience and Kamanchi – sector specialists in recruitment – and Itslearning – bringing expertise in the education market.
However, with growing demand for low cost and easy-to-use Business Intelligence (BI) and analytics tools for better reporting and business analysis across all sectors, Dynistics is looking to increase market share in a variety of markets. It recognises the importance of a network of skilled partners that can demonstrate proven experience, hence its commitment to introducing a channel strategy, with goals to sign up at least 30 partners in the coming year.
“The last 12 months have been an intense discovery period of scrutinising the existing business operations, examining and sizing the market, whilst getting feedback from our customers and reaching out to potential channel partners to ascertain both requirements and opportunities. The resulting transformation has been funded by reinvesting our profits from our revenue growth, and we now have the foundations in place for high growth,” comments Andy Richardson, CEO at Dynistics.
“Confidence in these ambitions is further bolstered by the flexibility of our technology roadmap. With all product development undertaken here in the UK, we can be incredibly responsive to change, the one constant in business today,” concluded Andy.
Existing Dynistics’ customers state its fast implementation and ability to deliver a quick return on investment were key reasons for choosing its dashboard technology.