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Lleidanetworks Serveis reports developments tied to Lleida.net, a Spanish technology services company focused on certified electronic notification, electronic contracting, digital signature services and SMS communications. Recurring updates cover financial results, margins, net debt, customer and contract activity, and performance by business lines such as Notification, Contracting, Commercial SMS, SMS Wholesale and other SaaS services.
Company news also includes patent grants for certified email and electronic-notice methods, legal recognition of certified communications in Spanish judicial procedures, and the use of its technologies under the eIDAS trust-services framework and Spain's digital justice requirements.
Lleida.net has signed new contracts with postal operators in Senegal and Sierra Leone, and renewed its contract with Malawi. The company will provide registered email and SMS services to these public companies. With this, Lleida.net has agreements with postal services in 14 countries, primarily in Africa, following contracts established during the Universal Postal Union Congress. The company aims to offer Digital Postal Services through a framework agreement with the Pan African Postal Union. Lleida.net has recognized 63 inventions with 206 patents and has recently received a new patent from the Japan Patent Office.
Lleida.net has been awarded its fifth patent in Japan for a method certifying electronic mail with recognized electronic signatures. This marks the company's 206th patent, recognized in over 63 countries globally. CEO Sisco Sapena noted Japan's significance in their expansion strategy. Recently, Lleida.net secured contracts to distribute its services through national postal services in five African countries, increasing its global partnerships to 11 postal services. The company is traded on the OTCQX, Euronext Growth, and BME Growth indices.
Lleida.net has signed contracts with postal operators in five African countries—Gambia, Ivory Coast, Djibouti, Equatorial Guinea, and Madagascar—to provide digital postal services and registered electronic communications. This agreement is part of a wider initiative to distribute Lleida.net’s patented technology, DigitalPost.Africa, across the continent, now servicing 11 countries. The agreement was formalized during the Universal Postal Union Congress in Abidjan, enhancing the company's market presence in Africa.
Lleida.net reported a remarkable 91% increase in profit before taxes for H1 2021, totaling €662,000 compared to €346,000 in H1 2020. Total sales rose to €8.3 million, a 6% increase year-over-year, while quarterly sales reached €4.32 million with a 14% growth from Q2 2020. The SaaS line drove the growth, boasting a 35% rise to €3.12 million. Net financial debt decreased by 23% in Q2 2021, indicating strong financial health. The company holds 205 patents, reinforcing its position in electronic contracting and signature industries.
Lleida.net has been granted a new patent by the Hong Kong government, marking its 205th international patent. This patent pertains to its method for producing electronic contracts certified by telecommunications operators. The company has received accolades for its innovations, strengthening its market position in Hong Kong, a hub for telecommunications technology. With recognition across over 60 countries, including major markets like the US and EU, Lleida.net emphasizes intellectual property, internationalization, and investment in innovation as key strategies. Following this news, shares rose 6.60% to €6.14.
Lleida.net has signed a three-year contract with Bancolombia to provide registered electronic signature services. This partnership will help Bancolombia, Colombia's largest bank with a market share of 20%, to enhance contract management and customer interactions. Lleida.net anticipates this contract will represent 25% of its operations in Colombia within three years. Furthermore, the company has secured three new patents in Colombia and is looking to acquire Indenova, an electronic signature company, for over seven million euros, strengthening its market position.
Lleida.net (OTCQX:LLEIF) reported significant growth in Q2 2021, showcasing a 46.71% increase in electronic contracting workflows and nearly 70% growth in contract signature traffic compared to Q2 2020. Active API signatures surged to approximately 962,000, a 5.2-fold increase since 2019. Registered email grew by 56.06%, totaling 4.2 million sent emails. SMS traffic saw a 24.72% rise as well. This robust performance highlights the company's strong market position and the increasing adoption of its services across various sectors.
Lleida.net has signed a framework agreement with the Pan African Postal Union, allowing 55 postal companies across Africa to offer Digital Postal Services using Lleida.net's Registered Electronic Communications technology. This agreement facilitates legally recognized digital communications in the region, tapping into Africa's vast mobile and internet user base, which includes 650 million mobile phones and 525 million internet users. The initiative aims to enhance digital participation and modernize postal services throughout the continent.
Lleida.net has agreed to acquire electronic signature solutions company inDenova for 7.1 million euros. This strategic move marks Lleida.net's first acquisition under its new growth strategy, aimed at enhancing profitability for shareholders. The acquisition is expected to increase the company's EBITDA by over 3.95 million euros based on 2020 data and expand its workforce by 70%, adding new teams in Valencia, Bogota, and Lima. inDenova specializes in electronic signature and invoicing services across several countries.
Sisco Sapena, CEO of Lleida.net (OTCQX: LLEIF), acquired 12,000 shares at 6.14 euros each, totaling 73,680 euros, increasing his stake to 36.66%. This purchase reflects his commitment as the company founder. The General Shareholders' Meeting approved a 25% dividend increase, distributing 1.25 euro cents per share on June 17, totaling over 245,000 euros for shareholders. Lleida.net reported a 20% sales increase, reaching 16.42 million euros in 2020, solidifying its position in the e-signature market with 200 patents across 60 countries.