Chevin Fleet Solutions has reported record revenue results during its 2016 financial year,driven by new customer signings as well as strategic changes.

Chevin MD Ashley Sowerby said the 2016 result is by far the largest revenue gain in almost 26 years of continuous growth

For the 12 months ending August 2016, the asset management software specialist achieved global revenue increase of 57% year-on-year, with growth reported in all territories.

Managing director Ashley Sowerby commented: “FY2016 has been an extremely positive period of growth and development for Chevin Fleet Solutions.

“For a 26 year-old, mature business to achieve such significant growth is truly outstanding and it is a credit to the entire team at Chevin.

“Throughout the past few years, we have heightened our revenue and commenced projects for new customers around the world, with significant fleets. We have also reinvested strongly in personnel, products and customer service across all areas of the business to help us continue our positive trajectory.”

Peter Ormsby, who joined earlier this year as operations director, Chevin Fleet Solutions, commented: “FY2016 has been a very successful period for Chevin Fleet Solutions. Looking forward, we are already setting the wheels in motion for the many opportunities expected during FY2017.

“Throughout the next 12 months, we intend to continue reinvesting revenues to fund further growth and customer satisfaction. We look forward to concentrating once more on best practice, product enhancements and expansion and we anticipate a number of exciting announcements about how our fleet and asset information management solutions can help clients manage, automate and improve the complete lifecycle of their vehicles and assets.”