KRM22 underpins growth with partnerships in healthy tech sector

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(), the risk management software specialist, said it made good progress in the first six months of 2021 even with delays to some large deals with banks.

Keith Todd, executive chairman and chief executive, said the business had expanded its offering, improved the quality of recurring revenue and maintained a tight handle on costs.

“Delays in signing some larger orders is frustrating but larger customers will lay the bedrock for further shareholder value creation in the future,” he added.

Revenue in the half-year to June 2021 was GBP2.2mln (GBP2.3mln) while annualised recurring revenue was GBP3.7mln (GBP4mln), which has since risen to GBP3.9mln following the signing of a three-year contract with a tier-one customer.

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