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Pronto Software discuss investment in research and development

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article image Pronto Software Managing Director, David Jackman

Pronto Software  Managing Director, David Jackman, knows one of the keys to success. David Jackman said that investment in research and development. In the technology space, people must make sure their product continues to evolve and Pronto Software invest about 20% of revenue in R&D.

In turn, this creates a higher financial performance, which leads to further innovation. Pronto Software have tended to grow by 15% compound and in most years, a 15% return on sales. Those two magical 15% figures have been continuing, and that trend has been going on for six years, he added.

This record of success was rewarded this week when Pronto Software won The Age/D&B Business Award in the information technology category. Pronto Software won the same IT award in 2006 and even took out the overall Age/D&B winner’s prize in the same year. In the past two years, Pronto Software’s sales have risen from $37.5 million to $41.9 million and $48.2 million.

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