Alaric Systems Posts Revenue Up 40% Y/Y
Alaric Systems Limited international provider of payments and enterprise fraud detection systems announced a profit increased by a factor of 8 year-on-year; revenues up over 40% since the year ago period; and repeat revenues having amounted to 54% of the total for its fiscal year ended 31 March 2011. This thanks in part to having attracted an enviable number of prestigious clients in the last 12 months, including sales to a major Middle Eastern acquirer and issuer, an Australian financial services provider with more than 110 associated credit unions, one of the largest Mexican service providers and a global household name retailer.