Australian retail analytics vendor Skyfii has posted double-digit growth for the first quarter of 2016.
Among the combination of factors driving the growth were a new distribution deal in the UK, and as well as growing its footprint in the Australian retail market.
Skyfii's first quarter revenue increased 101 percent to $466,000, up from $231,000 year on year.
The growth was driven mainly from retail mall contracts; Skyfii claims to hold a 15 percent penetration of the retail market. The company also revealed strong sales pipeline with advance negotiations worth $40 million.
It also struck trial deployments with Justin Hemmes' Merivale Group, with free wi-fi in Sydney's clubs The Ivy and Establishment.
Skyfii, which provides analytics and data-driven marketing products for brick-and-mortar businesses, plans to continue securing further distribution and reseller agreements globally, with a strong focus aimed at the US market. These developments are expected to take shape within the third quarter of the financial year.
It will broaden its customer offering through product development to include further marketing functions and will continue to pursue media and advertising partnerships for this revenue stream.
Skyfii partners with leading wireless hardware manufacturers, including Cisco, Aruba, Ruckus, Xirrus and Ubiquiti.
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