Asite™ Announces 44% Growth for Cloud Computing Revenues in 2011

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Asite is pleased to report its most successful financial year to date and continued growth.

Asite logo 2012

We have continued to successfully grow revenue for the past 23 consecutive quarters. Since taking over the reins in June 2006, I have been blessed with working for a winning team and I look forward to our next exciting chapter.” Tony Ryan, CEO, Asite.

Revenue increased by 44% to £2.914m from 2010 (£2.021m) and overall operating profit for the period rose by 317% to £0.422m from 2010 (£0.133m).

In spite of the tough market conditions globally, Asite continued to deliver outstanding sales growth in 2011 of its cloud computing solutions and overachieved on its target by executing its strategy to focus on enterprise deals and expand into new international markets.

For 2012 and beyond, Asite have an on-going investment programme of technological development for the Asite platform to extend cloud computing solutions into new international markets and outside of its core focus on the Architecture, Engineering, and Construction (AEC) sector. Within the AEC sector, Asite sees significant interest in its collaborative Building Information Model (cBIM) solutions.

Visit http://www.asite.com to learn more about Asite or download a copy of Asite’s 2011 Financial Performance Report (PDF) by clicking here.

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 to get the information they need – when and where they need it.

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Sophie Lam

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