SOURCE: NetDimensions (Holdings) Limited

October 13, 2014 02:00 ET

NetDimensions (Holdings) Limited Business Update

HONG KONG, CHINA--(Marketwired - Oct 13, 2014) - NetDimensions (LSE: NETD) (OTCQX: NETDY)

NetDimensions (Holdings) Limited
("NetDimensions" or the "Company" or the "Group")

Business Update

NetDimensions (AIM: NETD; OTCQX: NETDY), a global provider of performance, knowledge, and learning management systems, is pleased to provide a quarterly update for the three months ending September 30, 2014 (the "quarter").

The Company is pleased to report that both revenue and invoiced sales for the quarter were substantially higher than in the comparative period for the prior year ("2013 Q3").

Invoiced sales to clients in high consequence industries represented 82% (2013 Q3: 49%) of total invoiced sales for the quarter which is in line with our strategy of becoming the leading supplier of Talent Management Systems and related compliance solutions to highly regulated industries.

The Company added 10 new clients (2013 Q3: 11) in high consequence industries in the quarter, in line with our stated strategy. These new clients had a combined contracted value of US$939K (2013 Q3: US$672K) including one client through a tier 1 consulting partner. The average deal size for these new clients increased 54% to US$94K (2013 Q3: US$61K).

These new clients operate in a number of high consequence industries including aviation, chemicals, healthcare, precision manufacturing and government.

Invoiced sales from new business was US$1.4M (2013 Q3: US$1M) in the quarter, an increase of 40% over prior year.

Deferred revenue increased by 27% to US$7.1M (2013 Q3: US$5.6M) of which US$2.8M will be released to revenue in the fourth quarter of this financial year.

Jay Shaw, Chief Executive Officer of NetDimensions, said: "The third quarter of 2014 saw notable growth over the same period in the prior year and puts the Company on track to deliver on its stated business plan."

About NetDimensions
Established in 1999, NetDimensions (AIM: NETD; OTCQX: NETDY) is a global provider of performance, knowledge and learning management solutions.

NetDimensions provides companies, government agencies and other organizations with talent management solutions to personalize learning, share knowledge, enhance performance, foster collaboration and manage compliance programs for employees, customers, partners and suppliers.

Recognized as one of the talent management industry's top-rated technology suppliers, NetDimensions has been chosen by leading organizations worldwide including ING, Cathay Pacific, Hunter Douglas, Chicago Police Department, Geely Automotive, Fugro Group and Fresenius Medical Care.

NetDimensions is ISO 9001 certified and NetDimensions hosted services are ISO 27001 certified.

For more information, visit www.NetDimensions.com or follow @netdimensions on Twitter.

Contact Information

  • Enquiries:

    NetDimensions (Holdings) Limited
    Tel: +852 2122 4500
    Jay Shaw
    Matthew Chaloner

    Panmure Gordon (UK) Limited (Nomad & Broker)
    Tel: +44 20 7886 2500
    Fred Walsh
    Ben Roberts

    Walbrook PR Ltd(Financial Public Relations)
    Tel: +44 20 7933 8792
    Bob Huxford
    Sam Allen
    bob@walbrookpr.com
    sam.allen@walbrookpr.com