Losses down as ServicePower gains traction

MOBILE workforce software supplier ServicePower has reported encouraging half-year results.

The AIM company which has its head office in Stockport said losses had fallen by a third, from £900,000 to £600,000 as revenues rose 13% to £6.94m.

The company said it had built on the momentum gained in 2014 as it signed 11 deals in the six months to June 30 with new and existing customers. It said there was a strong sales pipeline for the second half and also for 2016.

Chief executive Marne Martin said she was pleased with progress, adding: “ServicePower continues to focus on innovation and the development of our core products: optimised scheduling, mobile dispatch and third party contractor management.

“That focus, in addition to our growing strength in sales and execution, is to continue building on the momentum achieved in the first half of 2015.”

Customers including Mitsubishi, Farmers Insurance, AIG Warranty and Pitney Bowes use ServicePower’s software to improve productivity and efficiency.