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Escher Group Holdings plc
Annual report 2011
07
Financial statements
Corporate governance
Business review
Overview
Strategy and outlook
The vision and direction of the
Board is supplemented by the drive
and determination of executive
managers and employees who
are at the heart of making Escher
a successful company. In 2012,
Escher will relocate to new corporate
headquarters in Dublin giving much
needed additional space to develop
and expand over the coming years.
As technology continues to evolve
at a breathtaking pace, Escher’s
innovation and software will shape
the future, delivering not just business
value but also social value for its
customers. Technology continues to
underpin every aspect of our daily
lives and Escher is constantly
exploring opportunities that
leverage its transformational
technologies. For example, in tandem
with developing customers’ retail
networks, our software allows
post offices to offer mobile money
transactions that are particularly
suited for emerging nations.
RiposteTrEx
helps customers deliver
new products and applications that
utilise new media to the benefit of
both customers and consumers.
The Q1 2012 announcement that
the United States Postal Service has
awarded Escher a US$50 million
contract is wonderful news for all
stakeholders. For one of the world’s
largest postal companies (in 2010,
revenues stood at US$67 billion
and 560 million mail pieces were
processed daily across its network)
to contract with Escher bears
testament to Escher’s capabilities
in this space.
With the ongoing liberalisation
of the European postal market,
Escher remains primed to work
with customers to assist them in
adapting to this changing market
landscape while broadening the
reach of their retail infrastructure.
Escher is committed to delivering
innovation and dependability to
customers and is ideally placed
to increase market share.
I would like to express gratitude
to all Escher employees, customers
and suppliers who have played
a significant role in allowing Escher
to become the leading postal
software company that it is today.
Bernard Somers
Chairman
Escher Group Holdings plc
12 April 2012
“2011 was a significant year for Escher Group
Holdings plc across many levels. The investment
Escher has made in the business will drive
long-term growth and ensure that Escher
delivers value across all the stakeholder groups.”