Silanis International Limited Trading Update (2197J)
August 03 2012 - 1:00AM
UK Regulatory
TIDMSNS
RNS Number : 2197J
Silanis International Limited
03 August 2012
RNS Release 3 August 2012
Silanis International Limited (the "Company") and its sole
investment,
Silanis Technology Inc. ("Silanis")
Trading Update
The Company (AIM: SNS) is pleased to provide a trading update.
The Company's sole investment is a 24.98% interest in the
outstanding shares of Silanis, from which the value of the Company
is derived. The Company expects to announce H1 2012 results for
both companies in September 2012.
Since 2010, Silanis has invested in delivering its solutions on
a transactional basis through service providers and its
e-SignLive(TM) (e-SL) software as a service (SaaS) to complement
its continuing strong position with its on-premise license based
offering. Today, Silanis is the only major provider of electronic
signatures to the enterprise that can deliver its solutions as
SaaS, both multi-tenant and as a dedicated private instance on the
Cloud, or on-premise.
We are pleased to report significant progress in the current
financial year with our transactional initiatives:
-- Since the beginning of 2012, e-SL has added new named paying
customers at a month over month growth rate greater than 25%;
-- Insurance carriers using our private cloud offerings have
more than doubled their commitments going forward; and
-- Service providers running our solutions are experiencing
material growth in their user transactions.
By their nature, these transactional arrangements will yield
their value and revenues over time while also increasing the
Company's recurring revenues. The majority of these new revenues
are beginning to materialize in H2 2012 and are expected to build
materially thereafter.
As a result of the continued growth of transaction-based sales
in H1 2012 and the delivery in H1 2011 of the Company's
largest-ever financial services on-premise license deal, it is
expected that revenues for H1 2012 will be lower than those
realized in the comparative period of 2011.
For further details, please contact:
Silanis International Limited
Tommy Petrogiannis, C.E.O. Tel: +1 514 337 5255
www.sil-intl.co.uk
Canaccord Genuity Limited Tel: +44 (0) 20 7523
Simon Bridges 8000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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