Sign up Australia
Proactive Investors - Run By Investors For Investors

ShareRoot Ltd adds six new clients onto its software platform

ShareRoot Ltd (ASX:SRO) is continuing its strong client growth momentum with six new clients signing onto the ShareRoot platform during the ongoing December quarter.
ShareRoot Ltd adds six new clients onto its software platform
ShareRoot Ltd adds six new clients onto its software platform

The contract wins are expected to contribute to revenue uplift for the current quarter.

Based in Silicon Valley, ShareRoot offers a Software as a Service (SaaS) platform that works with brands and digital agencies to find and legally source user generated content (UGC).

ShareRoot’s new client wins exhibit clear traction within the UGC space across multiple industries.

The new clients include:
- United States Bowling Congress, a professional sports membership organisation, which will use ShareRoot’s UGC services to target a new demographic and update its image.
- Connect, a mobile app for people to meet up and have real-life experiences, has signed up for ShareRoot’s content acquisition package and is using it to drive app downloads.

The momentum of ShareRoot’s sales force continues even after reducing its team size and costs, as the company continues to sign on important new accounts to its platform.

ShareRoot is also pursuing partnerships with large organisations and is looking forward to signing up more clients in this space.

The company is well funded to continue pursuing its growth strategy with cash at bank of $1.5 million as at 30 September 2016.

View full SRO profile View Profile

ShareRoot Ltd Timeline

Related Articles

An illustration of the tools Velpic uses in providing education and incident management
March 22 2018
Velpic has just signed its first NowForce client in Australia.
1510592057_gas-pipeline.jpg
November 14 2017
In the quarter, the power and electromechanical segment contributed revenues of $16.7 million,
9 Spokes smart phone screen
April 03 2018
The onboarding rate of small business onto the platform continues to accelerate as banking partners adoption increases.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use