Across-the-Board Demand Delivers Successful Year of Continued Growth for SkySparc

Stockholm, Sweden, June 07, 2018 --(PR.com)-- Three main business lines – outsourced support, OmniFi and patch upgrades – contributed to SkySparc’s robust 2017 performance, which included 50% year-on-year revenue growth with more than half of revenues recurring.

SkySparc’s 2017 results extend the firm’s track record of profitable growth to more than a decade, over which period it has achieved 18% annual average growth with 13% average earnings before tax. Operating highlights include the following:

· Largest-ever increase in clients entering outsourced support relationships with SkySparc, with demand experienced across core client segments, including central banking and government, corporate treasury and asset management, and geographies, including the US and Germany.

· Five new customer deployments of OmniFiacross a wide range of use cases, client segments and geographies (notably Germany and the US).

· Multiple patch upgrades delivered with SkySparc’s patch-upgrade-as-a-service model and performed by Quality Center, a centralized team with dedicated resources solely focused on patch upgrades. The team leverages SkySparc’s long experience executing upgrade projects and OmniFi, the market-leading automated testing tool, to enable clients to benefit from the latest available functionality.

Thomas Bergqvist, Director, SkySparc, said, “Our strongest-ever performance is built on growth across all business areas, reflecting our focus on meeting client demand as it evolves. We’re grateful to our staff and clients for their continued support and looking forward to developing ever-deeper partnerships in which we use our expertise to help clients focus ontheir core business.”