Plexure's annualised revenue rises to $7.1M, mulls capital raise

Wed, 28 Sep 2016

By Paul McBeth Sept. 29 (BusinessDesk) - Plexure Group, the digital advertising firm formerly known as VMob, has increased annualised committed monthly revenue (ACMR) by almost a third with a view to reaching $10 million mark by the end of the year, and is considering raising new capital. Chairman Phil Norman told shareholders in Auckland the company's ACMR - a favoured revenue measure for software-as-a-service companies - rose to $7.1 million as at Sept. 28 from $5.4 million at the firm's March 31 balance date. Last month Plexure delaye...

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