Expanding Wynyard Group reports strong financials

closeThis article could be out of date, as it was published 9 months 1 day ago.

The year 2013 has proved to be an exciting one for Wynyard Group, with the company’s total revenue growing by 63% over the same period last year to $21.7 million, exceeding the IPO prospective revenue forecast.

Recurring revenue was 59% of total revenue and increased 39% to $12.8 million as the business focuses its efforts to expand Wynyard’s global customer base and extend its product leadership position.

Wynyard Group Managing Director, Craig Richardson, says the company would continue to invest for growth in 2014 and 2015.

“Wynyard is strongly positioned in the new fast growing advanced crime analytics market,” he says.

“While the end game for Wynyard is a highly profitable company with lifetime customers, investing for growth and continued momentum is critical at this stage to extend Wynyard’s product leadership position and global market share.”

According to Richardson, Wynyard Group has emerged as a market leader in critical threat assessment and advanced crime analytics software.

The problems Wynyard’s software help solve including drug smuggling, human trafficking, gun running, financial and cyber crime continue to grow in scale, complexity and global impact.

The company raised new capital through an initial public offering (IPO) in 2013.

As a result, Richardson adds that this capital provided the business with the confidence and resources to rapidly expand its international sales, marketing and services operations, and continue investment in its risk management and advanced crime analytics product.

Follow Us
on Google+

Hilton Auckland

As more and more conferences and events arrive in New Zealand, the opportunity to gain knowledge and build networks becomes better every day. Conferences can be hard work, and there’s nothing like retiring to a nice hotel room at the end of the day to relax and rest. But how do you turn a night in a hotel room into a lesson in building brand loyalty?   Read More →

Android App Review: Vimeo

NetGuide I review a lot of apps that, for one reason or another, aren’t that good. But it’s rare to find one that’s actually irredeemably broken. Video sharing website Vimeo’s app, however, is closer than it should be for an app with such obvious potential.   Read More →