Q4 Update & Contract Wins

RNS Number : 3672N

Allocate Software PLC

10 June 2010

 



10 June 2010

ALLOCATE SOFTWARE PLC

("Allocate" or "the Company")

Fourth Quarter Update and Contract Wins

Allocate Software plc (AIM: ALL), the leading provider of workforce and business optimisation solutions, announces a strong performance for its fourth quarter ended 31 May 2010.  Key highlights include:

§ Acquisition of Dynamic Change Ltd, a market leading software-as-a-service ("SaaS") provider, to broaden Allocate's application portfolio for the Healthcare sector to include regulatory compliance, corporate governance, risk and performance management 

§ 14 new NHS contract wins for Healthroster, the e-Rostering application, increasing the total NHS e-Rostering customer base to 119 Trusts

§ Awarded the largest contract in Allocate's history - a State-wide e-Rostering contract by the Department of Health, New South Wales, Australia. The signed contract value for license and support is in excess of A$6 million (approximately £3.3 million at current exchange rates). In addition, a services agreement worth approximately A$4 million (approximately £2.2 million at current exchange rates) is expected to be agreed and signed following the completion of an initial planning project, bringing the total contract up to a potential value of A$10 million

§ £2 million contract signed with the Australian Army for Allocate's Defence Suite

§ Birmingham East and North Primary Care Trust signed a new contract for BSMS Trinity, the Bank Staff Management Solution

§ London Ambulance Service signed a contract for Allocate's SAPPS financial modelling product, boosting the total number of NHS healthcare organisations using this application to 65

§ Continued successful integration of Time Care AB with 15 new business wins, eight of which were new license deals

§ Dynamic Change Ltd secured its first business win as part of the Allocate Group, with Dudley Group of Hospitals NHS Foundation Trust purchasing its Commissioning for Quality and Innovation ("CQUIN") solution, helping the Trust to drive quality and unlock incentive payments

Healthcare

Allocate's acquisition of Dynamic Change Ltd last month enables the Company to offer the Healthcare sector a broader range of applications and SaaS delivery capability. Dynamic Change secured its first business win as part of the Allocate Group with the Dudley Group of Hospitals NHS Foundation Trust purchasing its CQUIN solution

The Healthcare sector continues to deliver strong organic growth across Allocate's Health Suite of applications.  New contracts awarded for Healthroster during the fourth quarter were:

§ Colchester University Hospital Foundation Trust 

§ Stockport NHS Foundation Trust 

§ Mid Staffordshire NHS Foundation Trust 

§ Guys and St Thomas's NHS Foundation Trust 

§ Taunton and Somerset NHS Foundation Trust

§ Barnsley Primary Care Trust 

§ The Nuffield Orthopeadic Centre NHS Trust 

§ Southport and Ormskirk Hospital NHS Trust 

§ Hull Teaching Primary Care Trust 

§ Oxford Radcliffe Hospitals NHS Trust 

§ Greenwich Teaching Primary Care Trust 

§ North Bristol NHS Trust 

§ Durham and Darlington Primary Care Trust 

§ Bedfordshire Community Healthservices 

As detailed above, Allocate was also awarded its largest ever contract with the State Government of New South Wales, Australia, to supply its Healthroster software across the entire state public health system, covering more than 90,000 staff.

Birmingham East and North Primary Care Trust purchased BSMS Trinity to manage its bank and agency staff, increasing the number of customers using one of Allocate's Bank Systems to over 170 NHS Trusts.

The London Ambulance Service has signed a contract for the implementation of SAPPS, Allocate's financial modelling product. A key reason for them choosing this solution was the product's proven capability to ensure cost effectiveness in the delivery of services without comprising the quality of the services being delivered.

Successful integration with Time Care AB continues, with 15 new business wins reported over the period. Eight of these were for new licenses including:

§ Stockholm Globe Arenas, which takes Time Care into a new business sector, event venues

§ Västerås Stad, the first Municipality customer for Time Care Scheduler

§ Förenade Care, one of Sweden's largest 'Private Care' companies

Defence

In May 2010, the Australian Army signed a new £2 million contract for Allocate's Defence Suite, to support its Force Modelling and the Individual Reinforcement programme. This is one of the largest licence contracts ever to be awarded for the Defence Suite. The contract will be rolled out across the Australian Army's Enabling Brigades over the next six months.

Maritime

The world's largest entertainment company went live shore-side with the Maritime Suite in April 2010.

 

Ian Bowles, Chief Executive Officer of Allocate commented: "This has been another significant period of activity for Allocate. We have demonstrated further strong organic growth in our key vertical sectors.  Healthroster and BSMS are now the most commonly used applications for e-Rostering and temporary staff management in the NHS.

"The recent selection of Allocate and Healthroster by the Department of Health, New South Wales, validates our international expansion strategy.  The new contract with the Australian Army, building on our relationship with the Royal Australian Navy, clearly reinforces our position within the Defence sector, particularly across the Commonwealth and Coalition forces community.

"We continued to deliver on our acquisition strategy with the acquisition of Dynamic Change, which has brought us new expertise in the SaaS arena. This acquisition has extended our ability to deliver quality applications and services to existing customers and created new opportunities across the UK NHS and international healthcare markets. I am therefore confident that our growth will continue well in to the future." 

Full year trading update

As detailed above, Allocate ended the financial year strongly and as a result the Board expects to report results for the financial year ended 31 May 2010 ahead of its previous expectations. The Company's results for the financial year ended 31 May 2010 will be announced in the week commencing 2 August 2010.

Enquiries:

Allocate Software plc Ian Bowles - Chief Executive Officer Chris Gale - Chief Financial Officer Claire Parsons - Marketing Communications Manager	Tel: [phone]
Numis Securities Nominated adviser - Michael Meade / Brent Nabbs Corporate Broking - James Black	Tel: [phone]
Hansard Communications Justine James Kirsty Corcoran	Tel: [phone]        [phone]

About Allocate Software plc

Allocate Software plc is the leading workforce optimisation software applications provider for world-wide organisations with large, multi-skilled workforces.  With a blue chip client base spanning the public and private sector, its key vertical markets include: Healthcare, Defence and Maritime.

At the core of the business is Allocate's workforce optimisation software, which organisations use to deploy the right people with the right skills, to the right place at the right time.  Headquartered in London, Allocate provides services and support to its increasing international customer base through regional offices in the UK, Sweden, USA, Australia and Malaysia.

Allocate is quoted on the London Stock Exchange (AIM: ALL).  For further information please visit www.allocatesoftware.com.

 

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