Invoke to Continue Focusing on Growth

STOCKHOLM, May 30, 2017 /PRNewswire/ --

2016 Accounts Publication 

The Invoke group's general assembly took place on May 16, 2017 in Mont-Saint-Aignan. On December 31, 2016, balance sheet quality for Invoke France, Invoke Luxembourg, and Invoke UK demonstrated the group's vitality, which was further confirmed by the financial situation of these entities at the end of March 2017.

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For the ninth year in a row, Invoke has shown profitable two-figure growth, with an average of more than 20% for annual revenue increase over the past five years. The French software firm develops a software suite for tax, regulatory, and financial information management. In 2016, the company's revenue reached 14.2 million euros, with EBITDA representing 19%.

"The use of a SaaS-based system has made marked changes to our economic model. We are particularly proud that that has tripled in three years, enabling us to increase earnings from recurring income to 57%," explained Rémi Lacour, CEO of Invoke. 

Innovation as a Growth Driver 

Invoke opened offices in Stockholm and Lisbon in 2016. In terms of development, the group is continuing to focus on organic growth abroad, with still more branch openings planned in the coming months.

In 2016, through a strategy centered on innovation and business expertise, Invoke significantly increased market share in the field of regulatory reporting for the banking and insurance sectors. This has secured the group's position as a trusted partner for both regulated entities and regulator clients in 32 countries. 

Within Europe, the company equips nearly 10% of regulated entities in the banking sector and more than 20% of regulated entities in the insurance sector with its cutting-edge software suite, in addition to national and supranational supervisory authorities such as the French Prudential Supervision and Resolution Authority (ACPR), European Banking Authority (EBA), Deutsche Bundesbank, and Bank of Israel.

In France, their tax-reporting, legal secretariat, fixed asset management, consolidation, and global reporting solutions have been implemented by major companies from all sectors.

"Innovation is our driving force. That's why we've invested heavily in research and development since the very beginning. Our R&D efforts have picked up once again this year and new, innovative solutions will be taking shape in 2017 and 2018," announced Lacour. 

* In 2017, Invoke was awarded "Growth Champion" (Les Echos), and "Best Data Solution" (Insurance ERM), and was "course of growth" prizewinner (BPI France)

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