Eagle Eye, the digital loyalty company for the retail and hospitality sectors, has grown its revenues by 276% to £2.3m for the six months ending 31 December 2014 compared to £0.6m in H1 2014.
In this period transactional revenues represented 81% of the total revenues, which was up from 61% in H1.
Of this £1.2m was contributed by the acquisition of 2ergo in April last year. The company said “this growth reflects both the increasing understanding of the value that Eagle Eye’s services offer to retailers and brands as well as the growing number of customers using the Company’s network.”
Redemption volumes on the Eagle Eye Air platform increased by 200% year on year to over 8.3m vouchers and the messaging volumes integrated in the 2ergo business increased to 23.2m.
Phill Blundell, chief executive, said: “I am very pleased with the excellent progress Eagle Eye has continued to make in the first half of the year. We have delivered exceptionally strong growth in both transactions on our network to 8.3 million and in revenue, which reflects the structural market shift to the digital delivery of promotions, giftcards and rewards. In addition, we have successfully integrated and grown the Messaging business, acquired from 2ergo in April 14, volumes from which were 23.2m, up 97% from prior year.
We are clearly demonstrating the value our business brings to our customers as well as seeing the results of the hard work and commitment from the excellent team that we have assembled. The Board and I look forward to announcing further progress alongside our interim results in March.”
