25 May 2012

Cardtronics win for i-design

11/07/2011 Ben Jaglom

Advertising for cash points venture i-design group (IDG) has announced that it has won a second year contract with cash point operator Cardtronics.

The AIM-quoted concern's agreement with Cardtronics will see Cardtronics use i-design's marketing software 'joono' used in its cash points. Joono is i-designs' latest software and enables 'personalised marketing' to customers, also monitoring through a centralised system all communications made to those using the cash points. An international deal, it follows on from an earlier agreement signed with Cardtronics in May of last year. Describing itself as the 'world's largest non-bank owner of ATMs (the American term for cash points)', Cardtronics runs more than 37,000 cash points worldwide.

I-design chief executive Ana Stewart enthuses that the company welcomed 'the extension of our relationship with Cardtronics', adding that i-design both believes that its technology 'remains unrivalled' and holds 'significant potential for further expansion.'

Analysts at paid-for research house Edison are forecasting a loss of £200,000 on revenue of £3.3 million for the year to September 2011.

Last recommended by Growth Company Investor this May at 30.5p, i-design shares have gained 36 per cent since to 41.5p. We see further upside in the shares, with the recent momentum bolstered by a number of high-profile wins with customers such as Barclays. A volatile company, we reiterate our speculative buy rating.

Tags: Advertising on ATMs, AIM market, Ana Stewart, Cardtronics, Edison Research, Financial services in Britain, Quotes from CEO, Technology in Britain, Technology on AIM, Women in business

Sector: Media

Companies: i-design

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