mVISE - New channel partners to fuel 2019 growth
mVISE has announced preliminary 2018 results showing revenue growth of 52% to €22.5m, and adjusted operating profit doubling to c €1.8m. Earnings were driven by growth in sales of the group’s high-margin software products and a solid performance by the consulting business. We expect the boost to the number of new channel partners at SaleSphere in Q419 and the creation of a new marketing promotion for mVise’s elastic.io in January to provide further impetus to earnings growth this year. With digitalisation of German industry giving the group strong growth impetus, while trading at a discount to its peer group.mVISE AG, formerly known as Convisual AG, is a Germany-based information technology (IT) company and provider of consulting, implementation and operations services for mobile business solutions. It focuses on the areas of mobility, virtualization and security. Mobility specializes in the development and provision of mobility solutions for smartphones and tablets. Virtualization comprises cloud and IT solutions. Security focuses on security aspects and secure solutions in business environments and data centers. The Company's main product is SaleSphere, which comprises a product management system and allows users to create and manage presentations and to create reports, among others. The Company operates from two offices in Dusseldorf and Frankfurt.
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