Invigor Group Limited announced that it has successfully secured extensions for 100% of the remaining customer contracts, due for renewal in the first half of CY2022 period, during the second half of June 2022. The successful contract extensions will lock in renewed annual revenues for IVO of between $600,000 - $650,000, reflecting growth in annual recurring revenues of 15%. In addition, the average contract length across Invigor's renewal portfolio was more than 20 months (1.8 years), resulting in an accretive total contract value (TCV) to the Company of more than $1 million.

Established brands in the Invigor client suite that renewed their contracts included multinational beverage conglomerates Asahi/CUB (Carlton United Breweries) and Pernod Ricard, and home appliances major The Good Guys (TGG).