Report
Katherine Thompson

- Growth outlook maintained

Esker’s investment in headcount and recent bolt-on acquisitions is generating strong growth for the company, with expectations for double-digit organic growth in FY17 re-confirmed. Esker’s strategy of producing software that improves the efficiency of customers’ business processes has proved successful, with very low levels of churn and high recurring revenues. Product development is focused on evolving the current product range to reduce complexity, improve functionality and increase buyer/supplier visibility. The longer-term aim is to provide a business collaboration network and to potentially offer supply chain finance.
Underlying
Esker SA

ESKER and its subsidiaries are engaged in the design and production of software applications. Co. operates corporate resource access software such as applications and databases for workstations. Co. has three major product groups: Host Access, DeliveryWare and Fax Server. Host Access products allows users to access applications and databases stored on different servers from their own workstations. DeliveryWare responds to the need of companies for automatic management document delivery. Fax Server allows the user to send a fax directly from their workstation.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts
Katherine Thompson

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