Adoddle drives revenue up by an impressive 17.6% for global cloud collaboration provider Asite

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On Asite's newly published 2014 annual report, directors report that the Group continued on its upward trend on previous years’ performance,

Tony Ryan Asite CEO, "Our efforts to promote Asite’s products in the North American market are starting to bear fruit with significant new customers in the Facilities Management (FM) and collaborative Building Information Modelling (cBIM) sectors."

Asite, a global leader in collaborative software in the cloud, announced today that it has published its 2014 Annual Report. The report provides extensive information on the company and its businesses, its strategy and sustainability approach, its achievements, financial performance and governance. The report can be accessed on the following ink: https://www.asite.com/aboutus/corporate

Asite are pleased to report that the Group continued its growth on the performance of 2013. For the twelve months ended 30 June 2014 revenue increased by 17.6% to £4.715m (2013: £4.011m). Operating profit for the period rose 24.3% to £0.635m (2013: £0.511m). Asite’s efforts to promote its products in the North American market are starting to bear fruit with significant new customers in the Facilities Management (FM) and collaborative Building Information Modelling (cBIM) sectors. Asite intend to build on their operations in this region and expect to see substantial grown in the near future. The release of their new platform Adoddle17 has brought greater functionality and improved user experience. Combined with AppBuilder, which allows customers to build their own business applications on the Adoddle platform in the cloud, this has enabled Asite to become the technological leader in its sector. Asite’s focus on maintaining this technological edge and prudent cost control have put the business in a prime position for future growth and profitability.

Tony Ryan Asite CEO, "Our efforts to promote Asite’s products in the North American market are starting to bear fruit with significant new customers in the Facilities Management (FM) and collaborative Building Information Modelling (cBIM) sectors. We intend to build on our operations in this region and expect to see substantial grown in the near future. The release of our new platform Adoddle17 has brought greater functionality and improved user experience. Combined with AppBuilder, which allows our customers to build their own business applications on the Adoddle platform in the cloud, this has enabled Asite to become the technological leader in its sector. Our focus on maintaining this technological edge and prudent cost control have put the business in a prime position for future growth and profitability."

About Asite
Asite’s cloud technology gives everyone involved in construction projects access to key information online. It allows for increased collaboration, fewer mistakes, reduced rework, and time and cost savings. Asite’s Adoddle platform allows firms to store and manage all project data in one central and secure repository. It also enables customers to fully customize the structure of their content with highly controlled access and rich configurable workflows to allow project controls. The Adoddle platform is used by leading architecture, engineering and construction firms as well as property owners worldwide to manage their largest and most demanding capital investment programs.

Adoddle helps people manage their projects and supply chains collaboratively, accessing the information they need, when and where they need it. It enables AECO companies to measure and track capital projects and asset operations.

Asite was founded in 2001 and is headquartered in London’s Tech City in the UK, with North American operations based in New York, and regional offices in Australia, India and South Africa. For more information, please visit http://www.asite.com.

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Lisa Murphy
ASITE
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