End of 2018 Financial Year Report
Wednesday August 1, 2018
Motion Software celebrates 100th customer for Kinetic inspection product
Motion Software is celebrating after securing its 100th customer following a period of unprecedented growth for the global inspection software provider.
Launched in 2015, Motion Kinetic – a software solution used to track over 25m inspection and compliance reports across a number of industry sectors including renewables, oil & gas, insurance engineering services and utilities (which covers construction and traditional utilities).
Clients range from SMEs looking for a scalable product that supports growth ambitions to blue-chip corporations seeking digital transformation and mobility across diverse disciplines and teams.
The 100th client caps a transformational period for Motion Software with a number of achievements in the past 12 months. These include:
• Turnover up 80%
• Logos added - 22
• Client retention 95%+
• Motion staff numbers up 20%
• Customer support investment up 40%
(*figures May 2017 to May 2018)
At the start of 2015, Motion Software supported one industry – oil and gas – in one region – the United Kingdom. However, that year marked a step change in product development as the business became a true software-as-a-service innovator. The result: Kinetic, an agile product that can be configured for use across multiple industries.
Stephen Burt, managing director of Motion Software, said: “We undertook a business model innovation and, using in-house expertise, created a product with strategic growth opportunities. This was a fundamental change to our commercial and technical strategy and one that has reaped dividends in a relatively short space of time.
“We were able to make this change by investing in high calibre personnel at Motion. Our team, which has largely been retained, has made Kinetic better by continually listening to feedback from customers.
“We’ve improved configuration, timescales, implementation, training and client engagement elements. Today we have a product that is trusted by smaller businesses and blue-chip organisations to ensure legislative requirements are met in the inspection and maintenance arena. The next step on the journey is to grow the business and we’re already starting to make significant progress. We expect that 20% of our 2020 revenue will come from the US and Canada.
“We are delighted to have achieved the 100th customer milestone. This represents a consistent effort by the Motion Software team over a sustained period.”
Kinetic enables employee and contractor mobility primarily in the areas of inspection and compliance, with new modules continually being added to cover the full field scopes of work in the field. The product allows digital transformation of operational and legislative processes leading to better outcomes for all parties involved.
Motion Software has four units within the business – acquisition, experience, delivery and development, combining to deliver a product globally. The business is based in Aberdeen, United Kingdom.