1、Consolidated Annual Report&Accounts Year ended 31 March 2020GROUP PLCVianet Group plc iVianet Group plc is a leading Business to Business(“b2b”)provider of actionable management information and business insight created through combining data from our customers assets with our smart,cloud based,Inter
2、net of Things(IOT)solutions.We deliver critical insight and analysis that drives superior operational performance.With over 300 customers and more than 224,000 connected devices across the UK,Europe and the US,Vianets experience and knowledge combine to form a powerful proprietary technology and ins
3、ight capability that few can match.Vianet operates in two core business verticals.Our Smart Machines solution is designed for the unattended coffee,snack and soft drink vending machine market,and our Smart Zones solution is designed for the pub and hospitality industry,both connecting customers to t
4、heir assets and delivering powerful insights and analytics in real timeIn both our Smart Machines and Smart Zones divisions,we connect customers to their assets via single or multiple IOT Smart Devices which interface to the asset and collects the relevant data.The machine data is sent to our cloud-
5、hosted IOT platform and data storage capability,where it is processed.Smart Machines is one of the largest b2b connected solutions providers in Europe with established long-term relationships with major industry players and growing recurring revenues which comprise c.90%of total revenues.The acquisi
6、tion of Vendman Systems Limited(“Vendman”)in 2017 resulted in a further c.200,000 machines connected via mobile technology,the majority of which will,over time,become higher value Smart Machines connections.Value is created by connecting customers to their assets to gather data from which insight an