Silanis International Limited Trading Update (2197J)

TIDMSNS

RNS Number : 2197J

Silanis International Limited

03 August 2012

 
 RNS Release   3 August 2012

Silanis International Limited (the "Company") and its sole investment,

Silanis Technology Inc. ("Silanis")

Trading Update

The Company (AIM: SNS) is pleased to provide a trading update. The Company's sole investment is a 24.98% interest in the outstanding shares of Silanis, from which the value of the Company is derived. The Company expects to announce H1 2012 results for both companies in September 2012.

Since 2010, Silanis has invested in delivering its solutions on a transactional basis through service providers and its e-SignLive(TM) (e-SL) software as a service (SaaS) to complement its continuing strong position with its on-premise license based offering. Today, Silanis is the only major provider of electronic signatures to the enterprise that can deliver its solutions as SaaS, both multi-tenant and as a dedicated private instance on the Cloud, or on-premise.

We are pleased to report significant progress in the current financial year with our transactional initiatives:

-- Since the beginning of 2012, e-SL has added new named paying customers at a month over month growth rate greater than 25%;

-- Insurance carriers using our private cloud offerings have more than doubled their commitments going forward; and

-- Service providers running our solutions are experiencing material growth in their user transactions.

By their nature, these transactional arrangements will yield their value and revenues over time while also increasing the Company's recurring revenues. The majority of these new revenues are beginning to materialize in H2 2012 and are expected to build materially thereafter.

As a result of the continued growth of transaction-based sales in H1 2012 and the delivery in H1 2011 of the Company's largest-ever financial services on-premise license deal, it is expected that revenues for H1 2012 will be lower than those realized in the comparative period of 2011.

For further details, please contact:

 
 Silanis International Limited 
  Tommy Petrogiannis, C.E.O.      Tel: +1 514 337 5255 
  www.sil-intl.co.uk 
 Canaccord Genuity Limited       Tel: +44 (0) 20 7523 
  Simon Bridges                   8000

This information is provided by RNS

The company news service from the London Stock Exchange

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