CLX Communications AB (publ): Increases focus on customer engagement to capture new growth opportunities
October 08 2018 - 9:39AM
Stockholm, Sweden - CLX
Communications AB (publ) - XSTO: CLX
CLX Communications AB, a global leader in customer
engagement through mobile technology, today announced strategic
changes to sharpen its focus and capture new growth
opportunities.
Many of the world's largest businesses rely on CLX
to reach their customers through mobile messaging, voice and video.
Dedication to quality and customer excellence has made CLX an
international leader with a global footprint that now handles some
25 billion transactions per year. New opportunities now emerge as
rich media messaging is gaining traction and businesses embrace new
technologies like CLX's Personalized Video and RCS messaging.
As a consequence of this, CLX has decided to
divert investments previously earmarked for Core Network as a
Service and the Internet of Things into rich media messaging, RCS,
real-time voice and personalized video.
"We see exciting growth opportunities in our core
markets as new mobile technologies let businesses improve their
customer journey, increase productivity and raise customer
satisfaction. To ensure that we capture these opportunities, we
want to focus our investments on the areas where we see the
greatest potential to add customer value", says Oscar Werner, Chief
Executive Officer of CLX Communications AB.
The company will honor its commitments to
customers but will not drive new business in Core Network as a
Service and the Internet of Things. The change affects a very small
subset of the company's customer base.
CLX Communications AB will report its earnings for
the third quarter 2018 on November 6, 2018. The announced changes
will not meaningfully affect CLX's near-term revenues or
earnings.
For further information, please
contact
Thomas Heath
Chief Strategy Officer & Head of Investor Relations
CLX Communications AB (publ)
Mobile: +46-722-45 50 55
E-mail: thomas.heath@clxcommunications.com
About CLX Communications
CLX Communications (CLX) is a leading global
provider of cloud-based communication services and solutions to
enterprises and mobile operators. CLX's mobile communication
services enable businesses to quickly, securely and
cost-effectively reach their customers through mobile messaging,
voice and video. CLX's solutions power business-critical
communications throughout the world, and the company has grown
profitably since its foundation in 2008. The Group is headquartered
in Stockholm, Sweden, and has presence in a further 20
countries.
CLX Communications' shares are traded at NASDAQ
Stockholm: XSTO: CLX.
Every care has been taken in the
translation of this press release. In the event of discrepancies,
however, the Swedish original will supersede the English
translation. This information was submitted for publication under
the auspices of the above contact on 8 October 2018 at 15:30
CEST.
081018_Focus_to_capture_growth_ENG
This
announcement is distributed by West Corporation on behalf of West
Corporation clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: CLX Communications AB (publ) via
Globenewswire
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