CFO reviewing financial data and trends for 2022 - Global Banking & Finance Review
An image depicting a CFO analyzing financial reports and trends for 2022, highlighting the evolving role of finance leaders in strategic business growth.
Top Stories

EPTICA GROWS GLOBAL SALES TO $10.6M AND INCREASES REVENUES BY 18% IN 2013

Published by Gbaf News

Posted on January 30, 2014

5 min read
Add as preferred source on Google

UK expansion driven by innovative linguistic-powered customer service technology

Eptica Achieves Record Financial Results

Global multichannel customer interaction software company Eptica announced record financial results. 2013 saw turnover increase by 18% to $10.6m (£6.5m), underpinned by growing demand for its innovative, linguistic-powered customer interaction software. This is significantly higher than the overall global software market, which had a predicted 2013 growth rate of just 5.7%, according to analysts IDC. Available in 26 languages, Eptica’s Enterprise Suite transforms customer service by applying linguistics and natural language processing across all digital channels.

Olivier Njamfa

Olivier Njamfa

Expansion and Growth in the UK Market

Within the UK, Eptica strengthened its operations and increased its customer base. It joined the UK Government’s G-Cloud programme, making it simple and seamless for public sector organisations to buy its cloud-based software, and announced new customers including Hastings Direct, Mind Candy/Moshi Monsters, Service Birmingham and The Institute of Chartered Accountants in England and Wales (ICEAW). 35% of global revenues now come from the UK.

Innovative Technology Drives Success

During 2013, the company launched Eptica Enterprise Suite 9.0, reinforcing its reputation for technological innovation. The suite uses linguistic search, automatic language detection and context-based sentiment analysis across all incoming emails, online questions and social media messages. The software enables businesses to harness the power of linguistics to achieve operational excellence, increase satisfaction and deepen customer engagement.

Growing International Customer Base

Globally, Eptica now has 410 customers in 15 countries, signing L’Occitane, Transilien SNCF, Accor, DTAC Thailand, Singapore Land Transport & Authority and Singtel in 2013.

“This has been a record year for Eptica, with revenues breaking the $10 million mark for the first time. Our growth is being driven by the increasing need for our innovative technology across the globe and in every sector,” said Olivier Njamfa, CEO, Eptica. “Essentially, customers are demanding more, across an expanding range of channels. Organisations need to respond efficiently to this enormous increase in interactions, if they are to win and retain customer loyalty. The launch of Eptica Enterprise Suite 9.0, powered by our linguistic technology, delivers the perfect platform to transform omni channel customer service by automating processing and delivering deep consumer insight. We look forward to working with our customers in 2014 to extend our technological innovation and deliver the superior experience that their consumers are looking for.”

Ambitious Plans for Continued Growth

Eptica has ambitious plans for 2014, including:

  • Entering the African market, which is growing rapidly, driven by the increasing use of mobile technologies.
  • Continued expansion in Asia where the company already has ten customers, and partners in Hong Kong, China, Thailand, Malaysia, Indonesia and Singapore.
  • Enabling closer collaboration between customer service and marketing teams, using linguistic technology to provide insight for Voice of the Customer programmes, through a 360 degree view of the customer journey.
  • Investing 35% of its operating budget in research and development, with a focus on linguistics, to ensure Eptica continues to lead the market for innovation.
  • Maintain double digit revenue growth.

UK expansion driven by innovative linguistic-powered customer service technology

Global multichannel customer interaction software company Eptica announced record financial results. 2013 saw turnover increase by 18% to $10.6m (£6.5m), underpinned by growing demand for its innovative, linguistic-powered customer interaction software. This is significantly higher than the overall global software market, which had a predicted 2013 growth rate of just 5.7%, according to analysts IDC. Available in 26 languages, Eptica’s Enterprise Suite transforms customer service by applying linguistics and natural language processing across all digital channels.

Olivier Njamfa

Olivier Njamfa

Within the UK, Eptica strengthened its operations and increased its customer base. It joined the UK Government’s G-Cloud programme, making it simple and seamless for public sector organisations to buy its cloud-based software, and announced new customers including Hastings Direct, Mind Candy/Moshi Monsters, Service Birmingham and The Institute of Chartered Accountants in England and Wales (ICEAW). 35% of global revenues now come from the UK.

During 2013, the company launched Eptica Enterprise Suite 9.0, reinforcing its reputation for technological innovation. The suite uses linguistic search, automatic language detection and context-based sentiment analysis across all incoming emails, online questions and social media messages. The software enables businesses to harness the power of linguistics to achieve operational excellence, increase satisfaction and deepen customer engagement.

Globally, Eptica now has 410 customers in 15 countries, signing L’Occitane, Transilien SNCF, Accor, DTAC Thailand, Singapore Land Transport & Authority and Singtel in 2013.

“This has been a record year for Eptica, with revenues breaking the $10 million mark for the first time. Our growth is being driven by the increasing need for our innovative technology across the globe and in every sector,” said Olivier Njamfa, CEO, Eptica. “Essentially, customers are demanding more, across an expanding range of channels. Organisations need to respond efficiently to this enormous increase in interactions, if they are to win and retain customer loyalty. The launch of Eptica Enterprise Suite 9.0, powered by our linguistic technology, delivers the perfect platform to transform omni channel customer service by automating processing and delivering deep consumer insight. We look forward to working with our customers in 2014 to extend our technological innovation and deliver the superior experience that their consumers are looking for.”

Eptica has ambitious plans for 2014, including:

  • Entering the African market, which is growing rapidly, driven by the increasing use of mobile technologies.
  • Continued expansion in Asia where the company already has ten customers, and partners in Hong Kong, China, Thailand, Malaysia, Indonesia and Singapore.
  • Enabling closer collaboration between customer service and marketing teams, using linguistic technology to provide insight for Voice of the Customer programmes, through a 360 degree view of the customer journey.
  • Investing 35% of its operating budget in research and development, with a focus on linguistics, to ensure Eptica continues to lead the market for innovation.
  • Maintain double digit revenue growth.

Key Takeaways

  • Eptica achieved 18% revenue growth in 2013, reaching $10.6 million.
  • The UK became a key market, accounting for 35% of global revenues and joining the G‑Cloud programme.
  • Eptica launched Enterprise Suite 9.0 with linguistic search, automatic language detection and sentiment analysis.
  • Global customer base grew to 410 clients across 15 countries, including major names like Accor, Singtel and L’Occitane.
  • The company planned aggressive 2014 expansion: Africa entry, deeper Asia presence, and heavy R&D investment (35% of budget).

References

Frequently Asked Questions

What was Eptica’s revenue growth in 2013?
Eptica’s turnover grew by 18% in 2013, reaching $10.6 million.
What new technology did Eptica introduce?
In 2013, Eptica launched Enterprise Suite 9.0, featuring linguistic search, automatic language detection and context‑based sentiment analysis.
How important was the UK market for Eptica?
The UK contributed 35% of Eptica’s global revenues and the company joined the UK Government’s G‑Cloud programme to serve public sector organisations.
How many customers did Eptica have in 2013, and where?
By end‑2013, Eptica served 410 customers across 15 countries, including Accor, Singtel, L’Occitane and DTAC Thailand.
What were Eptica’s 2014 strategic plans?
For 2014, Eptica planned entry into Africa, deeper expansion in Asia, integration of customer service and marketing insights, and investing 35% of its operating budget in R&D.

Tags

Related Articles

More from Top Stories

Explore more articles in the Top Stories category