Prism Digital Achieves Record Quarter of Over $850,000

• Prism Digital achieved revenue in excess of $AUD850,000 for the quarter ending 30 June 2016

• Revenues of over $AUD3m for the 2016 Financial Year

• Secured new clients such as Condé Nast Publications, Euromoney, GLH Hotels and John Lewis Partnership

• Nominated for Best New Agency 2016 at the Recruiter Awards

Yonder & Beyond Group Ltd (ASX: YNB) (“YNB” or the “Company”) is pleased to provide an update regarding Prism Digital, the agency connecting top technology talent with digital clients. Prism Digital achieved its highest grossing quarter to date, with revenues in excess of $AUD850,000  for the quarter ending 30 June 2016, continuing its rapid growth. 

In addition to Prism’s record quarter, the company posted revenue of over $AUD3m for the 2016 financial year . The increase in revenue is a significant indicator of growth and the company’s presence in the industry. The successful period comes off the back of the company continuing to develop partnerships with top talent and influential IT and technology companies, as well as understanding the needs of its clients. 

Prism Digital has been heavily involved with conferences within the DevOps sector. DevOps (development and operations) is a phrase used to mean a relationship between software development and IT operations teams.  The goal of DevOps Engineers/Consultants is to change and improve the relationship by advocating better communication, collaboration, automation and efficiency between the two business units and in turn the business as a whole.  The increasing requirement for DevOps Engineers/Consultants has allowed Prism to develop its identity as the go-to recruitment consultancy within this market. Prism exhibited at ‘Cloud and DevOps World’, and organised and exhibited at WinOps Conference.

The WinOps Conference  was a marquee event for Prism with over 230 paid delegates attending.  Microsoft speakers flew in from the USA, and delegates travelled from across Europe to attend. Sponsorship was sold to leading vendors within the DevOps world, covering all costs and expenses for the event. The conference has established Prism as leaders in the emerging ‘DevOps on Windows’ market. This is anticipated to be a huge area of growth over the next 24 months, echoing Microsoft’s growth into the cloud via their Azure platform.

Events, such as WinOps, have expanded Prism’s network and relationships with top talent in the industry, enabling it to make placements at leading technology companies. During the quarter, Prism generated revenue from clients including Condé Nast Publications, Euromoney, GLH Hotels and John Lewis Partnership. Prism continues to provide these and other clients high quality IT candidates in very specific and demanding technology niches. 

Prism was nominated at the Recruiter Awards in the Best New Agency 2016 category .  They were one of nine agencies in the category out of 250+ applications.  The event was great for establishing Prism as a recognised consultancy amongst peers within the recruitment sector.  New operation partnerships have been made via contacts made from the awards.

Prism’s clients are continuing to expand, and there is an ever more aggressive marketplace which Prism and the recruitment sector can look forward to leveraging in the next quarter.  The Company is looking forward to a period of growth.  

“I am pleased to report that the effects of Brexit have not slowed down our clients’ hiring behaviours.  Prism are seeing an early trend towards clients hiring more contractors and are witnessing an even more bullish market where businesses are looking to secure candidates before their competition.” said Alex Dover, Co-Founder of Prism Digital.

Yonder & Beyond Group CEO Shashi Fernando continued, “Prism are great brand ambassadors for Yonder and are getting a fantastic response from the wider tech community. While this quarter was the best to date for Prism Digital, it really is only the start of what they are about to achieve. This will only help Yonder & Beyond continue to grow, as the valuation of Prism gains momentum and revenue is recognised on a consolidated basis.” 

Yonder & Beyond own 60 per cent of Prism Digital and has played a key role in helping the consultancy build relationships with key clients and further developed its understanding of the mobile and technology landscape.

Prism Digital are a recruitment consultancy based in London specialising in the IT and technology industries. By developing lasting relationships and understanding the needs of its customers, it is able to connect its clients with the assets they need to further their business. 

Website: www.prism-digital.com 

Yonder & Beyond is a portfolio of synergistic technology assets with a focus on mobile businesses. Y&B’s strategy is to identify and develop disruptive applications with high commercialisation and scalability potential. 

Y&B equip startups with vital capabilities beyond capital. Our philosophy is to invest in people, as well as invest in their business, so they can both grow and succeed. We are dedicated to contributing to the development of businesses through our resources, experience and relationships. 

For more information please contact:

Website: www.yonderbeyond.com

PR enquiries to David Tasker: pr@yonderbeyond.com

Partnership Opportunities: info@yonderbeyond.com