SEP backed Tryzens announces impressive growth
Tryzens, the leading independent digital commerce consultancy and systems integrator, backed by SEP, has announced strong financial results for the full year ended 31 March 2019.
The company recorded an impressive 68% increase in revenue growth, boosting top line revenue to £11.9 million and generating a profit of £0.9 million reflecting the tremendous focus around digital growth and transformation in retail. This uplift in financial performance follows the launch of Tryzens’ new market proposition, which has enabled the company to offer the very latest digital capabilities to retailers looking to improve their eCommerce operations through improved sales and consumer engagement and resulted in a number of key customer wins across the globe.
Tryzens has built deep partnerships with the most innovative retail technology vendors in the world and has consistently evolved its service portfolio to help its customers gain an edge in this digital market. This commitment to see clients succeed saw Tryzens named as “Retail Supplier of the Year” in retailer voted industry awards earlier this year.
International expansion continued in 2018, particularly in Australia and New Zealand and project delivery centres in Bulgaria and India have been expanded to support 24/7 worldwide operations. The company has significantly increased its headcount (now at 188 staff) to better serve clients, and has moved into new spaces in London, Melbourne and Sofia to accommodate team growth.
This global footprint has proven critical to supporting existing customers and developing partnerships with brands such as Tempur, kikki.K, Whittard of Chelsea, Seafolly, Macpac and Annoushka launching new digital offerings.
“I am tremendously proud of our performance in FY2019 because only a few commerce services companies have passed £10 million in revenues at a faster growth rate than Tryzens,” said Andy Burton, Tryzens’ CEO. “This milestone underscores the digital revolution occurring in retail. Tryzens enables retailers to align their online and in-store operations, attract new customers, improve conversion rates from site visitors, and reach new international markets quicker.”
Burton continued: “The retail industry is undergoing a revolution in the way it fulfils customer expectations. We help our clients to establish digital commerce operations domestically and abroad, that are able to support huge growth in the number of consumers. We put our clients at the forefront of the rapidly evolving technical and social changes that are being driven by the internet, AI and smart mobile devices. If proof were needed of the shift toward online growth, we let the financial results speak for themselves.”
Tony Robison, Partner at SEP added: “We have a strong track record in helping ambitious technology companies to grow faster and the executive team at Tryzens deserve credit for an outstanding year. In 2019, they grew the UK market, and in parallel built an impressive new business to serve Australia and New Zealand. We look forward to supporting the team to expand further, both in new services and new markets.”