Accelerize reports record Q3 revenue

Accelerize Inc. ( OTCQB : ACLZ ) ( OTCBB : ACLZ ), a provider of marketing technology solutions, has announced total revenues for the third quarter of 2016 reached a record USD6.0m, a 14% increase from USD5.3m recorded in Q3 2015, the company said.

Monthly recurring license fee revenue increased 23% year-over-year to a total of USD4.6m for the third quarter of 2016. The revenue increase was driven by an 11% year-over-year increase in average revenue per customer, reflecting the Company´s continuing success in adding larger customer opportunities that progressively grow in overall usage.

Revenue was negatively impacted by approximately USD250,000 as a result of the Company´s decision to discontinue servicing certain low-quality emailing businesses late in Q2 2016.

Accelerize offers marketing technology solutions to leverage digital advertising data.