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ANSARADA GROUP LIMITED - Corporate Spotlight

Ansarada is a global B2B SaaS business with a big vision for a world where every... Ansarada is a global B2B SaaS business with a big vision for a world where every business, in every critical decision, is always ready to act. The company was born out of an absolute belief in companies and the people who found, run and advise them. We’re on a mission to achieve this with our SaaS platform and world class team who are based in five main hubs: Sydney, Ho Chi Minh, Chicago, New York and London.More

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Ansarada acquires TriLine GRC

AND TO BUY TRILINE GRC IN $2.5M DEAL

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Ansarada (ASX:AND) to buy TriLine GRC in $5.2m deal

Technology

ASX:AND
Ansarada (ASX:AND) - CEO, Sam Riley
CEO, Sam Riley
Source: Sam Riley/Twitter

  • Ansarada (AND) shares rose today after announcing the $5.2 million takeover of risk compliance business TriLine GRC
  • TriLine offers governance, risk and compliance (GRC) as well as environmental, social and corporate governance (ESG) software
  • Ansarada CEO Sam Riley says the complementary purchase “radically extends” the services the company can offer to both TriLine and Ansarada customers
  • Ansarada will fund the deal from existing cash reserves, with the purchase expected to be earnings accreditive in its first year

Read the Full Article on The Market Herald here

AND TABLES PROFIT IN MAIDEN FY21

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Ansarada Group (ASX:AND) tables profit in maiden FY21 results

Technology

ASX:AND      MCAP $155.6M 

Ansarada Group (ASX:AND) - CEO, Sam Riley - The Market Herald
CEO, Sam Riley
Source: Ansarada Group

  • Ansarada Group (AND) posted a $642,000 profit in its first annual report since completing the reverse acquisition of thedocyard
  • AND took over the fellow software business late last year and between January and June it has generated $18 million in operating revenue 
  • It ended the year with $33.2 million in revenue, as well as 3453 customers and 2566 subscribers for its software
  • The company also had $22.6 million in the bank with plans to increase product use and partnerships across FY22
  • Shares in Ansarada Group ended Tuesday down 4.56 per cent at $1.68 each

Ansarada Group (AND) has posted a $642,000 profit in its first FY21 annual report since completing the merger with thedocyard.


AND took over the business late last year via a reverse acquisition and between January and June has generated $18 million in operating revenue.


It ended June 30 with $33.2 million in total operational revenue as well as earnings before interest, tax, depreciation and amortisation of $3 million.


The company had 3453 customers, 2566 subscribers and more than 460,000 unique users of its software at end of FY21.


It entered FY22 with a boosted cash balance of $22.6 million and cashflow positive, with Chairman Peter James labelling the past year as transformative.


"We are a different company now to the one we were a year ago. One of the most significant milestones we achieved this year was the combination with thedocyard and successful capital raising to fund the transaction," Mr James said.


The Chairman added that the company was planning to increase its product use and partnerships across FY22.

"We have many reasons to have a confident and positive outlook in FY22. Our business is robust and well positioned to increase market share in very large and growing markets," Mr James said.


"The rising trends of digital transformation, compliance and governance support our growth. With continuing new product enhancements and innovation, we can provide even more value to clients domestically and offshore."


Shares in Ansarada Group ended Tuesday down 4.56 per cent at $1.68 each.


Read the full article on The Market Herald

AND LOOKS TO CLOSE OUT FIRST FY ON HIGH

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Ansarada (ASX:AND) looks to close out first financial year on a high

Technology

ASX:AND
Ansarada Group (ASX:AND) - CEO, Sam Riley - The Market Herald
CEO, Sam Riley
Source: Start Up And Scale

  • Ansarada (AND) shares receive a boost after the company reports encouraging preliminary results for the June quarter and FY21
  • The report is the company's first since acquiring Ansarada NewCo and listing on the ASX last year
  • Ansarada experienced solid revenue growth and customer wins over the period
  • Cash and equivalents clocked in at $22.6 million

Ansarada (AND) shares have received a boost after the company reported encouraging preliminary results for the June quarter and FY21.


It marks the company's first end of financial year reporting season on the ASX after acquiring Ansarada NewCo and listing on the exchange in December last year.


The company experienced a 16 per cent in growth in revenue between the first and second half of the financial year, from an estimated $15.4 million to $18 million.


Customers, subscribers and new contract wins were up over the period, with active subscription customers growing by 41 per cent on the prior corresponding period to total 2566.


Ansarada also reached 3269 contract wins by the end of the financial year, marking a 31 per cent increase compared to the previous year.


Cash and equivalents clocked in at $22.6 million, which is enough to see it through just shy of the next nine quarters based on current spending levels.


Broadly, Ansarada Chief Executive Officer Sam Riely said it has been a transformative year for the company.


"The first half of the year we responded to the pandemic and completed a merger and listing on the ASX," he said.


"We evolved our strengths and core business significantly, grew at record pace and simultaneously improved our operating leverage."


Read the Full Article on The Market Herald here

ABOUT US

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Ansarada is a global B2B SaaS business with a big vision for a world where every business, in every critical decision, is always ready to act. The company was born out of an absolute belief in companies and the people who found, run and advise them. We’re on a mission to achieve this with our SaaS platform and world class team who are based in five main hubs: Sydney, Ho Chi Minh, Chicago, New York and London. 


Our AI-powered intelligent information platform enables businesses to know, raise and realise their potential, and gives confidence to businesses in every decision – from knowing exactly what they have, to where they‘re going and what they need to get there.



Our mission is to raise and protect every company's potential


We believe there is incredible potential in every business. You just need the right tools to raise, realize and protect that potential.


VISIT WEBSITE: https://www.ansarada.com/

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Ansarada acquires TriLine GRC


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