Avoka Announces Global Growth Driven By Financial Services And Government Digital Transformations

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Avoka announces significant growth for 2015 fiscal year having signed a record number of new clients and experienced 70% year on year bookings growth. Strong new product adoption led to an increase in product recurring revenue of 75% and a record 106% growth in number of clients using Avoka Transact to transform their digital customer engagement.

Avoka, the leader in frictionless digital sales transactions for financial and government customers, today announced significant growth for the 2015 fiscal year ended June 30, 2015. Avoka signed a record number of new clients and experienced 70% year on year bookings growth, most notably in the financial services sector in the U.S. Importantly, product recurring revenue increased 75%, reflecting strong new product adoption and increasing numbers of transactions processed by Avoka platforms. Avoka continues to grow its global footprint in the Americas, EMEA and APAC with a record 106% growth in number of clients using Avoka Transact to transform their digital customer engagement in the past 12 months.

Financial Services organizations worldwide continue to engage Avoka to open up new customer acquisition channels and streamline onboarding and application processes. Avoka’s Transact platform enables these institutions to transform how they engage with customers, creating a frictionless omni-channel experience across smartphone, tablet, desktop and branch.

Other milestones Avoka has achieved this year include:

  • Avoka Transact is now being used or evaluated at 12 of the Top 50 U.S. banks
  • Established a new record for fastest credit card application process at FinovateSpring, awarded 3rd consecutive Finovate Best in Show
  • Awarded Most Innovative Customer Engagement Solution in the Citi Mobile Challenge EMEA
  • Named a Top 20 FinTech company to know by Inc. Magazine

“Competitive markets and changing customer bases are driving the move to digital for our financial institution customers,” says Philip Copeland, CEO, Avoka. “What many are surprised by however is that there is a way to quickly realize significant improvement in digital account openings without having to completely re-architect their systems. By focusing on how they engage with customers, many are realizing in weeks the results they thought would take years to achieve.”

About Avoka
Avoka delivers a platform for frictionless digital sales and service transactions. For financial services, field service, education and government, Avoka software creates seamless omni-channel customer experiences that increase customer acquisition and improve customer service. Avoka was founded in 2002 and has digitized over 100 million transactions for 70+ global clients. Avoka is a charter member of Australian Government Cloud Services Panel and is based in Broomfield, CO, London, England and Sydney, Australia. Visit us at http://www.avoka.com/.

Media Contacts
Articulate Communications:
Clare Rhodes
crhodes(at)articulatecomms(dot)com
(212) 255 0800

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Don Bergal
Avoka
+1 720-316-1994
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Clare Rhodes
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