Game-Changing Reseller Channel Partnership for UK Enterprise Market

HIGHLIGHTS

•  Execution of a significant Reseller Agreement with leading UK-based payroll software provider Payroll Software and Services Group (PSSG) and its subsidiary Cintra to sell the intelliHR SaaS offering to Cintra’s enterprise customer base of over 200 customers, representing over 200,000 potential subscribers. In addition, the PSSG portfolio exceeds 1,250 customers, servicing a payroll of 1.6 million people.
•  The agreement accelerates intelliHR’s international expansion and represents its first major large-scale channel partnership deal in its emerging reseller sales channel. The arrangements are expected to dramatically increase intelliHR’s UK market penetration.
•  Annual Recurring Revenue (ARR) potential of up to circa $8.0m from the agreement, subject to successful roll out which is expected to gain significant momentum in H2 FY2022\

intelliHR Limited (ASX: IHR) is pleased to announce it has executed a major channel partner agreement with UK-based payroll software provider PSSG and Cintra, to sell intelliHR to Cintra’s enterprise customers. Cintra will package intelliHR as its HR and People Management offering "Powered by intelliHR" targeting their existing customer base and also the broader UK mid-to-enterprise customer marketplace. The partnership significantly extends intelliHR’s potential as a high growth best-of-breed SaaS platform, realising the potential to scale quickly through large channel partnerships. The arrangements complement intelliHR’s fast growing direct global sales channel and its growing HR technology ecosystem marketplace.

...Cintra and intelliHR are also partnering with leading UK Recruitment Software provider Pinpoint as part of a full HR Ecosystem offering.

This is why the trading halt the Matthew advised us of yesterday

DISC: I hold

Edit~Heading

30/4/21

Appointment of Cloud Technology Growth Leader to intelliHR Board

After their announcement reporting stellar 1/2 yearly growth as reported by Chagsy yesterday, they have today reported a stellar new member to the board...

intelliHR Limited (ASX: IHR) is pleased to announce the appointment of Belle Lajoie as a Non-Executive Director. Belle brings a wealth of experience in fast-growing cloud-based technology businesses and her appointment provides the Board and management with access to her many learnings from these experiences just as it commences a period of rapid international growth.

Belle has played integral roles in driving the operations and commercial success of a number of Australia’s most successful technology start-ups including NEXTDC (ASX:NXT) and Megaport (ASX:MP1). During her six years with Megaport as Global Chief Commercial Officer, she was a key part of the team that grew the company from start-up to global enterprise with a market cap of over $2Billion.

In 2019, Belle was appointed as Chief Executive Officer at Bevan Slattery-founded data centre and cloud services directory provider, Cloudscene. Belle has led the start-up into its next growth phase and is overseeing the ongoing development of the product roadmap and software development implementation, high-level growth plans for marketing, sales and data teams, the management of HR, and operations, training, and GDPR compliance. She also sits on both the internal and external Cloudscene advisory boards.

intelliHR Chairman, Mr Tony Bellas, welcomed the appointment, stating that Belle is an exciting addition to the intelliHR board at a crucial time in intelliHR’s growth trajectory.

“Her experience scaling teams both in Australia and internationally will be an asset to intelliHR's plans for rapid and global expansion”, Mr Bellas said.

Belle will replace Alan Bignell who is retiring from the intelliHR Board. In thanking Alan for his service, Chairman Mr Tony Bellas paid tribute saying that Alan’s Global SaaS experience had proven to be invaluable to the board as it has navigated the challenges of globalizing and scaling intelliHR.

“Alan has provided counsel to the business over a number of years, and I am very pleased that he will continue to offer this post his retirement”, Mr Bellas said.

Authorised by the Board of intelliHR.

Disc: I hold

International expansion underpins record 1st Half Growth

intelliHR Limited (ASX: IHR) announces record performance for 1H21 with significant improvement across all major metrics, including revenue, cash flows, customer numbers, and customer retention. 

• Contracted annual recurring revenue grew by a record $919,000 to $2,874,000, an increase of 82% on 1H20 and 47% on 2H20.
• Contracted subscribers increased by a record 14,639 to a total of 29,170 as at 31 December 2020, an increase of 147% on 1H20 and 101% on 2H20.
• Invoiced revenue growth of 81% over 1H20 and 38% over 2H20, with annualised invoiced revenue as at 31 December of $2,595,855.
• Three successful enterprise contract wins delivered a 288% increase in 1H21 new subscribers per account, with a 58% YOY increase in ARR per account.
• Total new contracted customers in 1H21 increased 60% YOY to 43 new customers added.
• Net Cash used in 1H Operations reduced by 20% YOY, supporting a strong forward cash position of $6.859m as at 31 December 2020.

https://www.asx.com.au/asxpdf/20210219/pdf/44sv01yk5pmjwd.pdf?utm_source=marketo&utm_medium=email&utm_campaign=2021.02.February.Shareholder-Update-01&mkt_tok=eyJpIjoiTWpneVlXVTFOVE0xTURNeSIsInQiOiJ1Sm5udXlQZWxlMFwvdHZ5TDArNGsrWDBsTU5lemJnUjd2RjQ4aEJMXC92VHdzWUFGeVZuS2ZxRmR1YzlTcVwvSFwvNUo1bFNlb3BpWTZsMjhYdVlLNjhNQXFZb2hUa1JMT3ZQclRJZmtPVDNSNnNNY0hpS01vcVJ6Vzc0XC9YNVdNN2EyIn0%3D

DISC: I hold

International Expansion Strategy Underpins Record First-Half Growth

•  Contracted annual recurring revenue grew by a record $919,000 to $2,874,000, an increase of 82% on 1H20 and 47% on 2H20.
• Contracted subscribers increased by a record 14,639 to a total of 29,170 as at 31 December 2020, an increase of 147% on 1H20 and 101% on 2H20.
•  Invoiced revenue growth of 81% over 1H20 and 38% over 2H20, with annualised invoiced revenue as at 31 December of $2,595,855.
•  Three successful enterprise contract wins delivered a 288% increase in 1H21 new subscribers per account, with a 58% YOY increase in ARR per account.
•  Total new contracted customers in 1H21 increased 60% YOY to 43 new customers added.
•  Net Cash used in 1H Operations reduced by 20% YOY, supporting a strong forward cash position of $6.859m as at 31 December 2020

4D & and Half Year Report

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02343547-2A1281541?access_token=83ff96335c2d45a094df02a206a39ff4

Disc : I Hold

APPOINTMENT OF ILONA CHARLES AS A NON-EXECUTIVE DIRECTOR

INTELLIHR LIMITED (ASX Code: IHR) is pleased to announce that Ilona Charles has joined the Board of intelliHR Limited as a non-executive Director effective today.

Ilona Charles is an experienced executive with an extensive career in human resources, transformation and change across multiple industries. She has been the Chief People officer for Aconex, CSIRO and Medibank and has held senior executive director roles with Telstra and NAB. Ilona is a Non-Executive Director with Goulburn Valley Health and LaunchVic and holds an advisory role to the People Committee and Board of the Burnet Institute. Ilona brings a wealth of experience and a unique combination of skills in HR, SaaS, start-ups and corporates and is passionate about supporting and enabling fast growth companies. She is the co-founder of shilo., a national HR consultancy providing world class on-demand HR talent. Ilona is also the founder of pivotnow, a strategic advisory business with a focus on people.

This announcement has been authorised for release to the ASX by the Chairman, Tony Bellas.

I haven't heard of Ilona before, but its a pretty impressive CV

DISC: I hold

International expansion strategy delivers record new business growth in Q2

Up ~ $522k  Record 23% ARR Growth in Q2 FY21

Up 77% ~ Proportion of New Q2 FY21 Subscribers attributed to Nth           America

Up 147% ~  YoY Contracted Subscriber Headcount Growth 47% in Q2 FY21

Up 40% ~  YoY Net Cash Outflows Reduced by 40%

intelliHR Limited (ASX: IHR) is pleased to report record New Annual Recurring Revenue growth of $522k in the quarter - a 23% increase in Annual Recurring Revenue and a 24% increase in Invoiced Revenue quarter on quarter (QoQ). Q2 FY21 subscriber growth was 47% QoQ and 147% higher YoY – this accelerating growth was driven by our recent North American and UK market expansion where 7 customer Q2 contracts were converted including a major American cornerstone customer. APAC growth remained steady including the addition of a new NZ enterprise customer. In total the number of new contracts in Q2 was 26% higher than the previous quarter which was itself a record. Contracted subscribers grew during Q2 by 47% and have more than doubled in the first half of FY21. Global Subscribers now account for 41% of total subscribers which validates the potential of our global growth ambitions. The business has continued to see strong customer and revenue retention with less than 0.5% of revenue lost in the last 12 months not withstanding the impact of Covid. Customer receipts remain strong with no bad debts. IntelliHR supports businesses across 18 countries and continues to maintain a customer NPS of 70.

DISC: I hold