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MoPowered’s Keen ‘excited’ by acceleration in growth; shares up 9% - See more at:
10-Mar-2014 12:37:21

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Shares in the mobile commerce specialist MoPowered (LON:MPOW) rose 9% after it said it had added 20 new clients in the first two months of the year across a broad range of sectors. “The breadth of new customers coming on board has been very exciting. We have got into new areas we hadn’t previously traded in before,” chief executive Dominic Keen told Proactive Investors. “They really range across the whole gamut of e-commerce businesses.  “But in terms of some of the better known names, we have signed up The Works, which is a large book seller, and Atterley Road, a fast-growing fashion website.” The update revealed new business wins have continued to grow and accelerate, continuing the trend seen last year. MoPowered, whose technology allows traditional e-commerce sites to be viewed on smartphones and tablets, said the uptick in numbers was a direct result of its investment in its sales and marketing. This followed its stock market listing in December, which brought in around £3.6mln of cash, which has been invested in customer acquisition. Keen said: “As we said at the time of the IPO the business is all about layering on more and more of these contracts. It really just demonstrates the revenue profile we set out at that time is coming on board in the way we anticipated.” - See more at:

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Copyright © 2019 All rights reserved. Version 2.08