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RewardStream Solutions hails record-breaking client additions to marketing platform

Last updated: 16:50 05 Jul 2017 BST, First published: 11:50 05 Jul 2017 BST

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Rewardstream specializes in automated referral marketing programs that help brands to acquire, engage and retain customers

Referral marketing specialist RewardStream Solutions Inc (CVE:REW) continues to grow - adding a record-breaking 55 new clients to its platform since the first quarter of its 2017 year.

In an update, the tech group said that represented just under $500,000 of annualized new revenue.

During the third quarter, it began to roll out its Magento and WooCommerce integrations and closed over 30 new programs for clients in a broad range of industries.

In financial services, the company, since beginning fiscal 2017,  has added six new credit union clients including one of the top 10 and one of the top 25 largest in North America.

Rewardstream also signed its first distribution channel partnership with Green Profit Solutions to further expand its reach into this market.

Meanwhile, the firm remains the de facto leader in the North American telecoms segment for referral marketing.

It also provides programs to a leading national Canadian postpaid wireless provider, a national home services and Internet provider while also powering the program for a major national US prepaid wireless carrier as well as one of the top four US postpaid carriers, it said in today's statement.

RewardStream's new business model will 'open up new markets' says CEO Rob...

A move towards a more profitable SaaS (software as a service) model has helped tech group RewardStream Solutions Inc (CVE:REW) increase revenues in its referral business by 26% in the year gone compared to 2015. Chief executive Rob Goehring tells Proactive: ''Historically RewardStream as...

on 1/2/17