iValue shown the record growth of 108% YoY

iValue InfoSolutions, Value-Added-Distributors in the Asia Pacific regions, showna record growth in the best Q1 performance in the recent past. Post crossing USD 100 Million mark in previous fiscal, strong start to FY20 sets foundation for next milestone of INR 1000 Crore revenues in FY20.

iValue's core GTM continues to grow exponentially. BFSI has clocked a 409% growth YoY and the newly introduced practice for Enterprise has reaped a 167% growth. This reflects on the compelling offerings of the company around Data, Network and Application (DNA of every business) for high repeat business from its customer base leveraging on its focused partner relationships and enjoys 75% repeat business from its partner base and 65% front its partners' customer base thus helping its OEM and partner leverage in a focused way.

India region revenues have made multifold growth on revenues while 8 out of 10 locations have grown over 110%. South and West regions have contributed to the stellar growth lead by Enterprise and BFSI deals, respectively.

"To continue from where we left at FY19 has been satisfying. We continue to make significant investments on people, technology and infrastructure areas and we are excited to look at crossing 1000 Crore revenue in current fiscal with the strong Q1 start" said Krishna Raj Sharma, Director and CEO, iValue InfoSolutions. "With Creador investment our capability on business has enhanced by 4X and we are excited for our OEM's and Partners in driving profitable growth for each other."

The regional system integrators have played a key role by contributing to 70% of the overall revenues in Q1 of FY20 with a growth of 54% on revenues. This is largely due to a vast Channel eco-system of iValue comprising of over 700 Partners.

The major contributors for this growth include leading-edge technologies like security analytics, availability performance management from application and network perspective and next-gen security.

iValue strives to deliver a measurable impact for all stakeholders by leveraging niche solutions globally. iValue has 75+ compelling and complementing offerings through a direct partnership with 30+ "Best of Breed" OEM's for its 6000+ customers through 600+ global, national and regional system integrators. Says, Sharma.