NEWS24 February 2014

Progressive Digital posts 6.3% rise in annual revenue

Financials UK

UK — Business intelligence and research firm Progressive Digital Media has reported a 6.3% increase in revenue to £57.3m for the year ended 31 December.

Progressive’s business intelligence revenue alone increased 12.1% to £33.8m.

CEO Simon Pyper said: “We continue to make good progress towards achieving our strategic objective of building a scalable, premium business information company.

“This past year we have recorded strong revenue growth, increased revenues from our business intelligence products and continued to invest in our content and delivery platforms. We have also completed the integration of Kable and agreed to acquire Pyramid Research; two acquisitions which complement our business model in the technology market.”