Outstanding performance of Acumbamail, the Spanish based company acquired by MailUp Group back in August 2015: paying client base tripled and monthly revenues more than doubled Milan

MailUp S.p.A. (the “Company” or “MailUp”), a company listed on “AIM Italia / Mercato Alternativo del Capitale”, a multilateral trading facility regulated by Borsa Italiana, and operating in the marketing technology industry (Reuters: MAIL.MI) (Bloomberg: MAIL.IM) (ISIN IT0005040354), announces outstanding results achieved by Acumbamail, MailUp Group’s Spanish based subsidiary.

Since August 2015, when MailUp S.p.A. announced the acquisition of a 70% stake in Acumbamail share capital, the Spanish company has more than doubled its monthly revenues (+167% increase, passing from 22,400 Euro in August 2015 to 59,800 Euro monthly revenues in June 2017 – new historic high since January 2017). First semester 2017 revenues (332,400 Euro) have increased by 70% from same period in 2016. Acumbamail also experienced a constant double-digit quarterly average increase of paying clients, that have tripled since August 2015, exceeding the 2,100 units as of the end of June 2017.

Rafael Cabanillas Carillo, managing director and co-founder of Acumbamail, stated: “We are not only satisfied with the important increase in numbers, but also with the quality of our clients: we can count on names such as Telefónica, BQ, Self Bank and Anaya, despite our business model is specifically designed for small-mid-sized customers”. Given the important increase in volumes, Ignacio Arriaga Sànchez, director and other co-founder, added “during the last months, we have strengthened our management team: Ms. María Verlee Vázquez and Mr. José Ángel Mateos have joined our company to head the Marketing and the Lead Development areas, respectively”.

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