CHAIRMAN’S ADDRESS
Fellow shareholders and guests, it is a pleasure to address the nearmap 2014 AGM.
2014 was a busy, successful and pivotal year for nearmap, and 2015 promises to be even more exciting, dynamic and prosperous for your company.
Let me start with a review of the highlights of 2014. The year saw strong growth and significant progress on a number of operational targets.
Having proven the subscription based business model, our focus was on laying the groundwork for building sustainable growth.
During the year we introduced Advantage pricing, a pricing model based on data consumption. Advantage pricing together with initiatives to drive data usage and increase penetration into our customers’ businesses are aimed at monetising the increased utility from our products, thereby generating annuity revenue streams.
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