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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.

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