Invigor Group

Invigor Group’s TillerStack locks in +$1 million in new revenue

TillerStack provides sophisticated field service management (FSM) software solutions for major enterprises.

mobile phone
Two-year contract renewal with Vodafone subsidiary

Invigor Group Ltd’s (ASX:IVO) fully owned German subsidiary, TillerStack, has secured over $1 million worth of new contracts this month.

TillerStack provides sophisticated field service management (FSM) software solutions for major enterprises.

Beyond digitising workflows for dispatchers and mobile works in the field, TillerStack’s FSM software reduces service operating costs, improves worker efficiency and delivers better customer experiences by enhancing key service metrics.

TillerStack has secured a two-year contract renewal with European telecommunications company UnityMedia (subsidiary of Vodafone) to provide ongoing support and maintenance for its existing field service management solution provided by TillerStack.

The contract is valued at over $1,034,000 (€646,000) over a two-year period, with revenue to be recognised from January 2019 through to December 2020.

+$1.7 million locked in contracts

TillerStack’s locked in contracts are collectively valued at over $1,700,000 (€1.1 million) and will deliver stable and predictable revenue streams over the next two years.

The company also expects additional mobile hardware orders and other services to be finalised in the coming months resulting in a further $414,000 (€260,000) worth of revenue to be recognised throughout Q1 and Q2 2019.

TillerStack chief executive officer Leslie Cohen said: “We are pleased to continue to grow our longstanding partnership with UnityMedia.

“This new two-year contract complements recent contract wins, including a large R&D project which empowers field service providers using best in class technologies, such as the Microsoft’s HoloLens.

“The team is excited about the opportunity to continue to innovate and grow with our customers and partners.”

Quick facts: Invigor Group

Price: $0.00

Market: ASX
Market Cap: $7.14 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...



'May only be a matter of time' before Uranium price recovery with...

Mining Capital's Alastair Ford discusses the planned slow down in production from Kazatomprom (LON:KAP). The miner's looking to cut output from its Kazakh mines by around 20% through to 2021. He says that extends the timeframe of its previous production curtailment by a further year, and...

2 days, 4 hours ago

2 min read