Published on: March 8, 2018

Cloud platform delivering

Instem has announced that an existing client – one of the world’s largest chemical companies – has adopted its SaaS delivery model for the group’s Provantis® suite. We make no forecast revisions following the announcement. In our view, the deal demonstrates the value of the Instem Cloud platform and is a win-win for both the client and Instem. Furthermore, with recurring revenues representing over 60% of turnover (H1 2017), there remains a material opportunity for Instem to further increase both revenue visibility and earnings quality from additional SaaS sales.

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