Corethree achieves record-breaking growth in 12 months

Watford, September 2016 – Pioneering UK mobile technology business, Corethree, announces today the exponential growth it has seen in the last 12 months, with a record-breaking £1.9 million m-ticket sales in a week – almost double the sales achieved during the same period back in 2015.

This incredible growth comes as a result of approximately a quarter of a million m-tickets sold in that seven-day time frame, which would account for around 1,250,000 passenger journeys via a Corethree system.

Having issued well in excess of 18 million m-tickets since its first deployment back in 2012, Corethree has been building up a solid and reputable client base, including First Group, Go Ahead Group, TfGM and Transport for London, which has resulted in over 4 million total app downloads; a figure which climbs with increasing momentum week by week.

Not only holding the position of the UK's largest m-ticketing provider, Corethree’s proprietary technology platform, Core Engine, has several years’ worth of historical usage data, equipping the business with indispensable industry knowledge and invaluable insight as to the way consumers move and travel around the UK.

The mobile payments specialists, having recently finished the development work, will also be integrating Android Pay across its apps over the next few months, which will see even further streamlining and concision of m-ticketing purchases for consumers and significantly reduced payment fees for vendors.

CEO, Ashley Murdoch, commented,

"It’s impressive growth, we and our clients are very pleased with the continued upward curve of users and sales. We will maintain our philosophy of continuous development to ensure that our customers, and in turn their customers, have the best technology available at their fingertips.>

Notes to editors:

Corethree is a fast growing mobile technology business, relentlessly evolving to solve problems and create new opportunities through mobile. It integrates disparate data points to create simple, easy to use solutions to maximise revenues and improve customer service. Core Engine is the beating heart of the business; a robust tool box that creates scalable, innovative mobile solutions.

For further enquiries, please contact:

Holly Ward – holly@theforgecommunications.com
Aimee Speight – aimee@theforgecommunications.com

Corethree achieves record-breaking growth in 12 months