SLI Systems
 SLI Systems logo, 2014-present | |
| Company type | Public |
|---|---|
| Industry | Software eCommerce |
| Founded | 2001 |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people | Chris Brennan (CEO) Dr Shaun Ryan (Co-Founder, CIO) |
| Products |
|
Number of employees | 170 (2014) |
| Website | SLI-Systems.com |
SLI Systems provides cloud-based search tools for online retailers under a "software as a service" (SaaS) model. It is a public company listed on the New Zealand stock exchange.
SLI is an acronym for Search, Learn and Improve.
Products
SLI's main product, Learning Search,[1] uses the behavior of its users to determine search results. The company also sells a user-generated search engine optimization (SEO) product called Site Champion, and a site navigation product called Learning Navigation.
Origin
SLI Systems was formed in 2001,[2] and in 2013 the company raised $27 million NZD in its initial public offering[3] and listed on the NZX.[4] The core technology was originally developed at GlobalBrain, a company founded in 1998[5] by Grant Ryan.[6] That company was acquired by the internet arm of US media company, NBC in April, 2000 for US$32 million, but after dot-com crash[2][7] Shaun Ryan and others bought the technology back from NBC, and formed SLI Systems.[2]
SLI now has offices in San Jose, Christchurch, Tokyo, Melbourne and London and over 400 clients internationally including, FTD, 7 for all Mankind, Harry & David, and Next.[8]
Performance
In 2013, SLI Systems launched an initial public offering on the NZX index, raising $27m NZD with shares issued at $1.50, to help fund growth into important markets like Japan and Brazil. [9]Key investors included NZ entrepreneur Sam Morgan.[10] SLI Systems's share price performed strongly initially, rising to $2.50, before falling to as low as 71c after the company posted larger than expected losses and had some unexpected senior management changes 2015.[11][12]
SLI Systems announced to the New Zealand Exchange in November 2015 that revenue guidance would be 29% above the previous year.[13] Recent significant client customer wins announced at the 2015 annual general meeting included Lenovo, David Jones, Harvey Norman and Paul Smith.[14] SLI Systems' UK website also list a number of clients via case studies .[15]
Current management
- Chris Brennan, Chief Executive Officer[16]
- Dr Shaun Ryan, Co-Founder, Chief Innovation Officer[17]
- Rod Garrett, Chief Financial Officer
- Greg Cross, Chairman of the Board of Directors.[18]
References
- ^ "Chemist Direct conversion rates soar following deployment of SLI Systems’ search technology", 31/07/2014, Fiona Briggs, etailtimes.co.uk
- ^ a b c "Focusing on retail works for SLI". Dene Mackenzie, 16 Jul 2014, Otago Daily Times
- ^ "Investors take a shine to new tech stock SLI Systems", 1 Jun 2013, Hamish Fletcher, NZ Herald
- ^ "SLI Systems lists on NZX today", 30 May 2013, computerworld.co.nz
- ^ "GlobalBrain back to have another crack", 21 January 2002, Andrea Malcolm, computerworld.co.nz
- ^ "Global Brain back on market after huge losses at US owner", Apr 11, 2001, Chris Barton, NZ Hearald
- ^ McCrone, John: Secrets to Success The Press 31/07/2011.
- ^ SLI Systems's customers
- ^ "SLI Systems to sell shares at $1.50 in bid for Japan, Brazil growth". The National Business Review. Retrieved 2016-01-03.
- ^ "Sam Morgan to invest another $1m in SLI". The National Business Review. Retrieved 2016-01-03.
- ^ "SLI Systems tips cashflow breakeven". Stuff. Retrieved 2016-01-03.
- ^ "New role for SLI Systems CEO". Stuff. Retrieved 2016-01-03.
- ^ "SLI Systems Limited". www.nzx.com. Retrieved 2016-01-21.
- ^ "SLI Systems Limited". www.nzx.com. Retrieved 2016-01-21.
- ^ "Case Studies | SLI Systems UK". www.sli-systems.co.uk. Retrieved 2016-01-21.
- ^ http://finance.yahoo.com/news/sli-systems-names-chris-brennan-135500051.html
- ^ http://www.scoop.co.nz/stories/BU1509/S00926/sli-systems-boss-ryan-takes-new-role-brennan-named-ceo.htm
- ^ https://www.nzx.com/companies/SLI retrieved 25 July 2015