Zonal hails milestone with R&D investment

Published: 02 April 2019

Zonal, the Edinburgh-based hospitality payments and point-of-sale specialist, is continuing to invest into research and development (R&D) as it celebrates its 40th anniversary.

Releasing results for the year ended 30 June 2018, the firm said that investment in R&D was up by 41 per cent, year-on-year, to £6.9 million.

These are exciting times and we look forward to another 40 years of cutting-edge innovation...

Stuart McLean, Chief Executive , Zonal

 

The firm pointed to “another successful year of customer growth”, adding clients, system upgrades and increased product penetration to its existing customer base. This expansion contributed to a 95 per cent year-on-year sales growth in Zonal’s software as-a-service (SaaS) business.

Overall sales are predicted to exceed £60m in the latest financial year thanks to a “robust sales pipeline” and further uptake of its suite of products...

Full story via The Scotsman News

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