Vipera shares were Monday quoted at
In a statement, the mobile financial services platform provider said its pretax loss narrowed to
Vipera, whose software and services enable mobile access to personal financial services, said it is continuing to widen its customer base, with more emphasis on larger European financial institutions.
"In particular, we believe that we are successfully engaging in relationships which strengthen our sales channels and reinforce our credentials in the mobile financial services market place. In parallel, we have continued to receive further business from existing customers as we work with them to enhance their mobile services," Vipera said in its strategic report.
"Continued sales growth reflects increasing customer acceptance and market credibility. Targeting this sales growth has called for investment in the future, balanced against profitability," the report added.
In addition, Vipera said the results exclude the trading of software consultancy AC&D Srl, in which a controlling 51% stake was acquired in December. AC&D management is the other major shareholder. AC&D, which also trades as Advance Codd & Date, provides contract programmers and IT advice. Its main area is in the Italian banking market. In 2013, its turnover was
Vipera has been focused on growth, raising
"Vipera is looking to work closely with strategic partners to broaden its customer reach and to continue to develop new functionality that both takes advantage of advances in technologies, and identifies with customer and end user needs. The group is seeking to expand its sales team to help execute its plans," Vipera said in its strategic report.
Vipera's 2013 will be the last to be reported in sterling, with the company changing its reporting currency to euros due to growth in its European sales meaning that the bulk of revenue and earnings are denominated in the currency. It shares on AIM will continue to be quoted in sterling.
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