Arviem and Cordstrap collaborate on data-driven cargo protection

February 2024 – Arviem and Cordstrap are working together to improve how customers handle their shipments, reducing damage and wastage during transportion. By combining Arviem’s Monitoring as a Service (MaaS) through data analytics and cargo monitoring with Cordstrap’s expertise in securing and protecting cargo, they aim to change the way goods are protected during transportation. Arviem will collect important data while the cargo is in transit, providing real-time information for shock, humidity, location. Cordstrap will use the data analysis to determine optimal cargo protection and moisture damage prevention solutions. This collaboration helps companies and Arviem’s and Cordstrap’s existing customers by mitigate risk and enables a more sustainable transportation process. The combined goal is to provide a comprehensive solution with data to make goods transportation safer, more efficient and sustainable.

Increased client demand for Arviem’s IoT MaaS solution

January 2024 – Arviem celebrates a significant milestone with one of our key clients who increased its demand with more than 50% of Arviem’s IoT Monitoring-as-a-Service (MaaS) solution. Arviem has been serving the key client for several years with Arviem’s reliable MaaS solution and trusted customer services processes.

Arviem expands 3 times its IoT MaaS portfolio to the market

December 2023 – Arviem marks a significant achievement following the implementation of our strategic plan initiated at the beginning of the year. Our objective was to identify, select, and thoroughly test new IoT MaaS (Monitoring-as-a-Service) solutions for container monitoring and cargo quality and security. Today, we report a threefold expansion of our IoT MaaS portfolio.

 This growth equips Arviem with a more comprehensive range of solutions, allowing us to address specific client needs more effectively and provide solutions for their challenges. This expanded portfolio has resulted in improved business and financial benefits for our clients. Notably, it has contributed significantly to Arviem’s pipeline that is now seven times larger than it was 17 months ago, with over 70% comprising new IoT MaaS solutions.

Arviem plans a new capital round

November, 2023 – Arviem, as a scale up company, has executed capital funding rounds in 2021 and 2022 in order to grow the company and to acquire a robust client base for our container tracking and predicting and cargo security and quality solutions. Currently, we are planning a new capital round with the objective to accelerate the growth further and to scale up the businesses with expanding our client base and solution portfolio of Digital SaaS (Software-as-a-Service), IoT MaaS (Monitoring-as-a-Service) and Data & Analytics for containers and multimodal cargoes.

Arviem increased its performance further in 3Q 2023

October, 2023 – Arviem increased its service revenue by another 5% in 3Q 2023 compared to 3Q2022 which is a 7% increase compared to 2Q 2023. Year-to-date 7 new contracts have been signed and one new client, signed up in 1Q 2023, is by now Arviem’s third largest client. The Arviem total pipeline by end of September 2023 is about 5 times bigger than the pipeline of end of September 2022. Furthermore, more than 60% of the pipeline represent new IoT services for clients addressing new client need at different price points.

COGS-by-revenue resulted in a 22% Pts reduction compared to 3Q 2022. Overhead expenses by revenue resulted in a 2% Pts increase compared to 3Q 2022. This was mainly due to increased travel costs to clients and industry events in combination with the hiring of new staff in 2Q 2023, which did not happen in 2Q 2022, and the accordingly increased staffing costs without yet the realized revenue productivity. Overall year-to-date 3Q 2023, a reduction of COGS-by-revenue of 18% Pts has been realized compared to YtD 3Q 2022 . This is due to better economies because of scaling up of business, reduced costs from IoT device manufacturers, lower costs of reverse logistics and lower costs of repair and maintenance. Furthermore,  year-to-date 3Q 2023 a reduction of overhead costs by revenue of 36% Pts has been realized compared to YtD 3Q 2022. This is mainly due to lower staff costs over revenue and lower office and infrastructure costs over revenue. We continue to focus on our business and revenue plan and to execute our cost plan in line with the revenue results and growth.

Arviem continues revenue growth

July, 2023 – Arviem continues its revenue growth with the fourth quarter in a row  into 2Q 2023 with a 41% increase compared to 2Q 2022. The cost of revenue decreases with 24%Pts in 2Q 2023 compared to 2Q 2022.  One of our main clients, a global FMCG company, has expanded the scope of its 3 years contract with an increase by 50% from the latest contract signed in 1Q 2023. Furthermore, Arviem has signed four business partnership agreements. 

Arviem appoints new Head of Operations

July, 2023 – Arviem’s Management is glad to announce the promotion of Agni Witt to Head of Operations. Agni’s success as Arviem’s Global Operations Manager serving key clients over many years, brings in-depth experience and expertise to her new role. As part of her responsibilities, Agni will lead the expansion of Arviem’s services and device portfolio to further enhance Arviem’s offering to clients. Agni’s drive for customer satisfaction and her commitment to excellence, ensures Arviem’s continuous focus on delivering value. We wish her success in her new role. Arviem’s Plan for Growth encourages promotion from within its existing talented pool of professionals, complemented by selectively recruiting new staff and expertise.

Arviem 1Q 2023 revenue increased with 38% YoY

April, 2023 – Arviem has increased its revenues by 38% in 1Q 2023 compared to 1Q 2022.
The Cost of Revenue decreased 12%Pts in 1Q 2023 compared to 1Q 2022.  Furthermore, Arviem signed a major contract for 3 years with a global FMCC company. The weighted average pipeline FY 2023 has increased by 42%.

New Arviem Inc company incorporated in the USA

March, 2023 – Arviem AG has incorporated US Arviem Inc company and our current senior Arviem USA Director will become the company’s Managing Director for North & South America. Furthermore, Arviem recruited two 2 new staff in the USA. The Arviem USA company and Arviem USA staff will boost the awareness and branding of Arviem with clients in North and South America. The USA company will enable Arviem to optimize the logistics flow of existing and new devices between the USA, Germany and China with sizeable logistics cost savings.

Arviem received ESG 2023 Award

March, 2023 – Arviem received an ESG 2023 award from CFI for its services related to carbon footprint monitoring, analyzing and reporting. ESG products, services and investments are used to encourage companies to act responsibly in their strategies, policies, and operations.

Arviem increased its performance further in 4Q 2022

January, 2023 – Arviem has increased its service revenue by another 13% in 4Q compared to 3Q.
In total, the 3Q-4Q 2022 revenues are 54% higher than 1Q-2Q 2022. Furthermore, we won in Q3-Q4 2022 140% more contracts than in Q1-Q2 2022, including three clients that we re-won and who were engaged with Arviem in 2020 and 2021. In Q3-Q4 2022 we submitted 57% more proposals than in Q1-Q2 2022. Finally, we reduced Overhead Costs by 47% in 2022 compared to 2021.

Arviem increased its services capacity in 2022

December, 2022 – Arviem has increased its service capacity with more than 40% from January 2022 to December 2022.

Arviem launches Asian business unit in Singapore 

December, 2022 – Arviem started a new business unit of sales and operations staff in Singapore, focusing specifically on the Asian market and clients. The sales and operations staff are fluent in English, Chinese, Bahasa Indonesia and Bahasa Malaysia. Arviem expects that the business unit will contribute to extra growth in 2023 and beyond.

Arviem reports large 3Q 2022 revenue increase

October, 2022 – Arviem reports a more than 40% revenue increase in 3Q 2022 compared to 1Q 2022 and 2Q 2022.

Large increased pipeline in 3Q 2022

October, 2022 – Arviem AG has submitted nearly 40% more proposals in 3Q 2022 compared to 2Q 2022. Furthermore, YTD 3Q total submitted proposals is almost equal to FY2021 total submitted proposals. Also, the average Total Contract Value (TCV) of the proposals has been increased.

Arviem signs a financing agreement with Swiss Kineo Finance 

June, 2022 – Arviem AG has signed a multimillion financing agreement with a Swiss financial company, Kineo Finance. The impact of this agreement is that Arviem AG is able to grow its services based on market demand instead based on cash availability. Arviem plans to grow its services significantly in 2H 2022.

New Arviem board elected by shareholders

June, 2022 – During the Arviem AG AGM, the shareholders have elected, with vast majority, the new board members of Arviem AG. All board members are significant shareholders of Arviem AG. The board is determined to continue improving the performance of Arviem AG for clients, shareholders and staff.

Arviem Strategy & Solution Workshop

April, 2022 – Arviem executed a two-days Strategy & Solution workshop on April 25 & 26 in Switzerland with Management, board members, Director North & South Americas and Director EMEA and other staff participating. The outcomes of this workshop will enable Arviem to improve its services to clients and to become more efficient and effective as an organization.

Arviem board appoints the Chairman as CEO

April, 2022 – The Arviem AG board has appointed Charles Vincent as the new Arviem AG CEO replacing Stefan Reidy.

Arviem elects new Chairman Charles Vincent

January, 2022 – Arviem shareholders have elected Charles Vincent as a new independent board member of Arviem AG and the board has elected Charles as the Chairman, replacing Scott Fulton. Charles will assume his role on January 25^th 2022. The full board is convinced that Charles will contribute to a fundamental improvement of Arviem AG’s strategy, business plan, execution and performance. Beside the chairman role, is Charles also a new major shareholder of Arviem AG. Charles has worked nearly 10 years at Shell and 20 years at PwC and IBM, of which 15 years as a partner and board member responsible for more than 300 improvement projects, predominantly in the transport & logistics businesses. Recently, Charles was four years a CEO and board member of a large integrated shipping – logistics – cold chain – terminal business in South East Asia and an interim transformation director of a large European terminal.

Arviem plans a new capital round

November, 2023 – Arviem, as a scale up company, has executed capital funding rounds in 2021 and 2022 in order to grow the company and to acquire a robust client base for our container tracking and predicting and cargo security and quality solutions. Currently, we are planning a new capital round with the objective to accelerate the growth further and to scale up the businesses with expanding our client base and solution portfolio of Digital SaaS (Software-as-a-Service), IoT MaaS (Monitoring-as-a-Service) and Data & Analytics for containers and multimodal cargoes.

Arviem increased its performance further in 3Q 2023

October, 2023 – Arviem increased its service revenue by another 5% in 3Q 2023 compared to 3Q2022 which is a 7% increase compared to 2Q 2023. Year-to-date 7 new contracts have been signed and one new client, signed up in 1Q 2023, is by now Arviem’s third largest client. The Arviem total pipeline by end of September 2023 is about 5 times bigger than the pipeline of end of September 2022. Furthermore, more than 60% of the pipeline represent new IoT services for clients addressing new client need at different price points.

COGS-by-revenue resulted in a 22% Pts reduction compared to 3Q 2022. Overhead expenses by revenue resulted in a 2% Pts increase compared to 3Q 2022. This was mainly due to increased travel costs to clients and industry events in combination with the hiring of new staff in 2Q 2023, which did not happen in 2Q 2022, and the accordingly increased staffing costs without yet the realized revenue productivity. Overall year-to-date 3Q 2023, a reduction of COGS-by-revenue of 18% Pts has been realized compared to YtD 3Q 2022 . This is due to better economies because of scaling up of business, reduced costs from IoT device manufacturers, lower costs of reverse logistics and lower costs of repair and maintenance. Furthermore,  year-to-date 3Q 2023 a reduction of overhead costs by revenue of 36% Pts has been realized compared to YtD 3Q 2022. This is mainly due to lower staff costs over revenue and lower office and infrastructure costs over revenue. We continue to focus on our business and revenue plan and to execute our cost plan in line with the revenue results and growth.

Arviem continues revenue growth

July, 2023 – Arviem continues its revenue growth with the fourth quarter in a row  into 2Q 2023 with a 41% increase compared to 2Q 2022. The cost of revenue decreases with 24%Pts in 2Q 2023 compared to 2Q 2022.  One of our main clients, a global FMCG company, has expanded the scope of its 3 years contract with an increase by 50% from the latest contract signed in 1Q 2023. Furthermore, Arviem has signed four business partnership agreements. 

Arviem appoints new Head of Operations

July, 2023 – Arviem’s Management is glad to announce the promotion of Agni Witt to Head of Operations. Agni’s success as Arviem’s Global Operations Manager serving key clients over many years, brings in-depth experience and expertise to her new role. As part of her responsibilities, Agni will lead the expansion of Arviem’s services and device portfolio to further enhance Arviem’s offering to clients. Agni’s drive for customer satisfaction and her commitment to excellence, ensures Arviem’s continuous focus on delivering value. We wish her success in her new role. Arviem’s Plan for Growth encourages promotion from within its existing talented pool of professionals, complemented by selectively recruiting new staff and expertise.

Arviem 1Q 2023 revenue increased with 38% YoY

April, 2023 – Arviem has increased its revenues by 38% in 1Q 2023 compared to 1Q 2022.
The Cost of Revenue decreased 12%Pts in 1Q 2023 compared to 1Q 2022.  Furthermore, Arviem signed a major contract for 3 years with a global FMCC company. The weighted average pipeline FY 2023 has increased by 42%.

New Arviem Inc company incorporated in the USA

March, 2023 – Arviem AG has incorporated US Arviem Inc company and our current senior Arviem USA Director will become the company’s Managing Director for North & South America. Furthermore, Arviem recruited two 2 new staff in the USA. The Arviem USA company and Arviem USA staff will boost the awareness and branding of Arviem with clients in North and South America. The USA company will enable Arviem to optimize the logistics flow of existing and new devices between the USA, Germany and China with sizeable logistics cost savings.

Arviem received ESG 2023 Award

March, 2023 – Arviem received an ESG 2023 award from CFI for its services related to carbon footprint monitoring, analyzing and reporting. ESG products, services and investments are used to encourage companies to act responsibly in their strategies, policies, and operations.

Arviem increased its performance further in 4Q 2022

January, 2023 – Arviem has increased its service revenue by another 13% in 4Q compared to 3Q.
In total, the 3Q-4Q 2022 revenues are 54% higher than 1Q-2Q 2022. Furthermore, we won in Q3-Q4 2022 140% more contracts than in Q1-Q2 2022, including three clients that we re-won and who were engaged with Arviem in 2020 and 2021. In Q3-Q4 2022 we submitted 57% more proposals than in Q1-Q2 2022. Finally, we reduced Overhead Costs by 47% in 2022 compared to 2021.

Arviem increased its services capacity in 2022

December, 2022 – Arviem has increased its service capacity with more than 40% from January 2022 to December 2022.

Arviem launches Asian business unit in Singapore 

December, 2022 – Arviem started a new business unit of sales and operations staff in Singapore, focusing specifically on the Asian market and clients. The sales and operations staff are fluent in English, Chinese, Bahasa Indonesia and Bahasa Malaysia. Arviem expects that the business unit will contribute to extra growth in 2023 and beyond.

Arviem reports large 3Q 2022 revenue increase

October, 2022 – Arviem reports a more than 40% revenue increase in 3Q 2022 compared to 1Q 2022 and 2Q 2022.

Large increased pipeline in 3Q 2022

October, 2022 – Arviem AG has submitted nearly 40% more proposals in 3Q 2022 compared to 2Q 2022. Furthermore, YTD 3Q total submitted proposals is almost equal to FY2021 total submitted proposals. Also, the average Total Contract Value (TCV) of the proposals has been increased.

Arviem signs a financing agreement with Swiss Kineo Finance 

June, 2022 – Arviem AG has signed a multimillion financing agreement with a Swiss financial company, Kineo Finance. The impact of this agreement is that Arviem AG is able to grow its services based on market demand instead based on cash availability. Arviem plans to grow its services significantly in 2H 2022.

New Arviem board elected by shareholders

June, 2022 – During the Arviem AG AGM, the shareholders have elected, with vast majority, the new board members of Arviem AG. All board members are significant shareholders of Arviem AG. The board is determined to continue improving the performance of Arviem AG for clients, shareholders and staff.

Arviem Strategy & Solution Workshop

April, 2022 – Arviem executed a two-days Strategy & Solution workshop on April 25 & 26 in Switzerland with Management, board members, Director North & South Americas and Director EMEA and other staff participating. The outcomes of this workshop will enable Arviem to improve its services to clients and to become more efficient and effective as an organization.

Arviem board appoints the Chairman as CEO

April, 2022 – The Arviem AG board has appointed Charles Vincent as the new Arviem AG CEO replacing Stefan Reidy.

Arviem elects new Chairman Charles Vincent

January, 2022 – Arviem shareholders have elected Charles Vincent as a new independent board member of Arviem AG and the board has elected Charles as the Chairman, replacing Scott Fulton. Charles will assume his role on January 25^th 2022. The full board is convinced that Charles will contribute to a fundamental improvement of Arviem AG’s strategy, business plan, execution and performance. Beside the chairman role, is Charles also a new major shareholder of Arviem AG. Charles has worked nearly 10 years at Shell and 20 years at PwC and IBM, of which 15 years as a partner and board member responsible for more than 300 improvement projects, predominantly in the transport & logistics businesses. Recently, Charles was four years a CEO and board member of a large integrated shipping – logistics – cold chain – terminal business in South East Asia and an interim transformation director of a large European terminal.

Arviem in the press

If you are interested in reading articles about Arviem published by the media, you can dowload our summary here.