Dublin, Ireland, 9 April 2020 – Zutec Holding AB (publ) (“Zutec”) today announced a new organization.
Previously Zutec has had an organization focused on geographic segments. In order for Zutec to be closer to the market and to pool resources and skills, Zutec will going forwards be focused on the type of customers and size of construction projects it seeks to get involved in. As such, Zutec will going forwards operate its business according to two business areas, Enterprise and Infrastructure Solutions:
Zutec’s contracts for Infrastructure Solutions projects normally have a duration from 24 months up to 5 years, sometimes longer as projects can get extended. The number of users of our software on one of these projects can be in excess of 1,500 users with data in excess of 15TB saved on our cloud at the end of the project. Zutec has historically had single contracts and keep on targeting single contracts that can be generating in excess of €0.5 million in average annual revenues under a multi-year contract with a meaningful portion of the contract value often coming upfront positively impacting short-term revenues and earnings. Infrastructure projects are normally complex and we provide continuous both off- and onsite support for either portions or the entirety of the construction project which are charged based on time allocated. In addition, many Infrastructure Solutions projects also comes with bespoke development requires which we scope and work with customers on to support their specific needs. Our pricing is generally based on the number of users and mix of products as well as the annual construction volume contracted to run on our platform. Infrastructure Solutions contracts form part of the heritage of Zutec and are a core part of our strategy and we have a number of targeted projects in the pipeline.
According with above, we have structured our organization according to our client facing activities under Market and all activities supporting our Market function under Support Functions. We believe we will be able to service existing and new customers better with this new structure.
Gustave Geisendorf, CEO at Zutec
firstname.lastname@example.org or +353 1 201 3565
Zutec is a niche provider of cloud-based construction management software.
Zutec Holding AB (publ) is listed on Nasdaq First North Growth Market and Mangold Fondkommission AB is the Company’s acting Certified Adviser (Tel. + 46 8 5030 1550, CA@mangold.se, www.mangold.se).