Retailers will be the first group to benefit from a new licensing portal which it is hoped will slash through much of the cumbersome red tape that has existed up until now.

Escher Group — the Irish-American software solutions provider — has said that its revenues for the first half of 2015 should come in at around $11.85 million (€10.9m), representing a year-on-year increase of 7%.

Annual revenue for 2014 at Irish-American specialist technology firm Escher Group is set to reduce 15% on a year-on-year basis due to the business failing to conclude a pending deal, as expected, prior to the end of the year.

Specialist technology services firm Escher Group has said it is increasingly confident about its medium-term growth prospects on the back of recent contract wins in South Africa, Gibraltar, and the UAE, and a new e-commerce deal with Deutsche Post DHL.

Specialist software group Escher has posted a 17% annualised jump in first-half adjusted pre-tax profit and a near 50% rise in revenue.