ShareRoot Ltd (ASX:SRO) is closing the current financial year in a confident position as its platform and service assets are expected to drive a stronger 2018/19 financial year.
The company recently completed the integration of its recent acquisition, social medical specialist agency The Social Science (TSS).
ShareRoot is also on track to roll out its MediaConsent Beta platform to its strategic advisory board on time.
READ: ShareRoot locks in additional revenues by completing TSS acquisition
The company completed its acquisition of TSS on 9 April 2018 and has been focused on its integration into ShareRoot and implementing initial efficiencies and a foundation for growth in the current quarter.
Significantly, TSS has flourished ahead of schedule and has doubled its number of client retainer accounts since the acquisition.
TSS’ capabilities and services complement the existing ShareRoot business and include providing compliant data and social management services, content creation, thought leadership and advisory services.
READ: ShareRoot well positioned as key EU data privacy legislation goes into effect
ShareRoot chief executive officer Noah Abelson-Gertler said: “2018 has continued to be a transformational period for the ShareRoot Group as we continue to build our combined services in the rapidly growing field of legally compliant digital marketing solutions and data and privacy protection.
“The TSS acquisition was a key strategic acquisition in this process and their integration into the Group is well ahead of schedule as we prepare to commercially roll out MediaConsent in the first half of next year and build multiple revenue streams for the company”.
READ: ShareRoot's MediaConsent platform attracts global talent
MediaConsent is ShareRoot’s solution for companies aiming to be compliant with regulations such as the European Union’s General Data Protection Regulation (GDPR).
ShareRoot has now initiated the launch of MediaConsent’s beta solution by releasing it to its international advisory board made up of subject matter experts with global privacy and marketing experience.