Seamless Distribution Systems AB (SDS) has – through its subsidiary Riaktr – received an order worth SEK 1.4 million for the upgrade of its Smart S&D product from an existing customer in Zambia. In addition to the upgrade, there is a yearly license with annual recurring revenue worth SEK 1.1 million.
We are very pleased that customers of Riaktr see great value in our products and services. We have high expectations that Riaktr will continue on this growth path of increasing recurring revenues, by expanding presence with current clients and expanding into new markets.
Martin Schedin, CEO, SDS
The upgrade for the existing client is for the latest version of the Smart S&D product, which allows mobile operators to manage their sales distribution channels efficiently with the help of advanced analytics and AI – through a very simple and user-friendly interface.
The product enables the operators’ sales and distribution teams to take the best actions based on real-time insights, thereby generating increased sales, productivity, and revenues. The order consists of an upgrade of SEK 1.4 million which will be taken as revenue in the second quarter and an annual, recurring revenue of approximately SEK 1.1 million which will be recognized on an ongoing basis as long as the customer uses Riaktr’s product.
