Creative Realities Ranked 7th in licenses amongst Global Software Solution providers, by Invidis Consulting in the 2023 Yearbook
29 Agosto 2023 - 12:00PM
Creative Realities (NASDAQ: CREX, CREXW), a leading provider of
cutting-edge digital signage and media solutions – announced the
company landed the number 7 position for the volume of its CMS
software solutions globally, by Invidis Consulting - the
Germany-based firm who publishes the Digital Signage & DOOH
2023 Yearbook of the same name, which has become the industry go-to
for the digital signage marketplace.
“Size matters also in digital signage, but it takes time to
reach the 100k threshold of licenses or end points,” states the
Invidis team who has been tracking the global digital signage
market for more than 10 years. “As the market and IT in general is
moving to a predominantly SaaS business model, we’re also changing
to an active-license only ranking.”
One of the fastest growing digital signage software platforms
was CRI– the merged entity of Creative Realities and Reflect
Systems. The US-based integrator counted 275,000 active
licenses at the end of December 2022 and continues to grow at a
rate much faster than the market, as reported in the 2023
Yearbook.
Creative Realties was also listed amongst 6 other companies as
the ones to watch, with the designation inside the Rising
Stars & Disruptors category. “We are absolutely
thrilled to have been called out by Invidis amongst our peers
within the Yearbook, which is a direct outcome of our deliberate
and strategic focus on growing annual recurring revenue from our
software suite,” states Rick Mills, CEO of Creative Realities.
“Mid-year 2023, we’ve announced our backlog exceeded $110M, and as
those end points get deployed and become active SaaS licenses we
expect our active license count to increase significantly,” states
Mr. Mills.
About Creative Realities, Inc.Creative
Realities helps clients use the latest omnichannel technologies to
inspire better customer experiences. CRI designs, develops, and
deploys consumer experiences for high-end enterprise-level
networks, and is actively providing recurring SaaS and support
services across diverse vertical markets, including but not limited
to automotive, advertising networks, apparel & accessories,
convenience stores, food service/QSR, gaming, theater, and stadium
venues. The company has operations across North America with active
installations in more than 10 countries.
About Invidis ConsultingInvidis
Consulting established itself as a consulting firm
specialized in digital signage. The Invidis name represents thought
leadership and strategic consulting in the field of digital signage
and digital technology in the real world, for example in retail or
in offices. Invidis founder Florian Rotberg,
Stefan Schieker – founder of Result MC Management Consultant –and
the joint team of experts support clients worldwide. The focus is
on scalable, sustainable digital concepts and strategies.
Cautionary Note on Forward-Looking
StatementsThis press release contains "forward-looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended, Section 21E of the Securities Exchange Act of
1934, as amended, and the Private Securities Litigation Reform Act
of 1995, and includes, among other things, discussions of our
business strategies, product releases, future operations and
capital resources. Words such as "estimates," "projected,"
"expects," "anticipates," "forecasts," "plans," "intends,"
"believes," "seeks," "may," "will," "should," "future," "propose"
and variations of these words or similar expressions (or the
negative versions of such words or expressions) are intended to
identify forward-looking statements. Forward-looking statements are
not guarantees of future performance, conditions or results. They
are based on the opinions, estimates and beliefs of management as
of the date such statements are made, and they are subject to known
and unknown risks, uncertainties, assumptions and other factors,
many of which are outside of our control, that may cause the actual
results, level of activity, performance or achievements to be
materially different from those expressed or implied by such
forward-looking statements. Some of these risks are discussed in
the “Risk Factors” section contained in Item 1A of our Annual
Report on Form 10-K for the year ended December 31, 2022 and in our
Quarterly Report on Form 10-Q for the period ended June 30, 2023,
and the Company’s subsequent filings with the U.S. Securities and
Exchange Commission. Important factors, among others, that may
affect actual results or outcomes include: our ability to
effectively integrate Reflect’s business operations, our strategy
for customer retention, growth, product development, market
position, financial results and reserves, our ability to execute on
our business plan, our ability to retain key personnel, our ability
to remain listed on the Nasdaq Capital Market, our ability to
realize the revenues included in our future guidance and backlog
reports, the ability of the Company to continue as a going concern,
potential litigation, supply chain shortages, and general economic
and market conditions impacting demand for our products and
services, including those as a result of the COVID-19 pandemic.
Readers should not place undue reliance upon any forward-looking
statements. We assume no obligation to update or revise the
forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by law.
Contacts
Media InquiriesChristina
Daviescdavies@ideagrove.com
Investor Relationsir@cri.com
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